The California Tax Education CouncilThe California Tax Education Council is most commonly called by the acronym CTEC. The CTEC is a non-profit corporation that registers tax preparers. They help new tax preparers get licensed in the state of California. They are the second largest segment of tax preparation professionals in California, besides, of course, public accountants.

When issuing licenses, the CTEC will require a surety bond before someone can be issued a license. This type of surety bond is to guarantee that the license holder will follow all rules and regulations that are required for a professional tax preparer.

The surety bond that the CTEC requires is called:

California Tax Preparer Surety Bond

Any company or entity that engages in the business of tax preparation must have a California Tax Preparer License. This engagement is defined as any person, corporation, partnership, association, or other entity who assists with or prepares tax returns for another person or assumes final responsibility for completed work and charges a fee as a Tax Preparer. To obtain a license, a California Tax Preparer Surety Bond for a minimum amount of $5,000 must be obtained before any licenses are granted. This type of surety bond is used to help protect clients from any financial harm that may have been caused due to improper filings by the bond holder.

How to Apply for a Surety Bond

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