Oregon Tax Consultants Practice Exam

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Study for the Oregon Tax Consultants Exam. Prepare with flashcards and multiple choice questions, each with hints and explanations. Get ready for your exam!

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When do LTP licenses expire?

July 31st
September 30th
November 30th
December 31st

The correct answer is: September 30th

LTP (Licensed Tax Preparer) licenses in Oregon have a set expiration date that is significant for both tax professionals and their clients. The correct answer is September 30th. This date is crucial as it aligns with the end of the third quarter, allowing licensed tax preparers time to renew their licenses ahead of the busy fall tax planning season. Understanding this detail helps tax professionals ensure that they maintain compliance with state regulations and continue to operate legally without interruption. Proper management of license renewal periods is essential for professional practice and client trust. It's important for tax preparers to keep track of this expiration date so that they can submit their renewal applications in a timely manner to avoid any lapses in their licensing status, which could affect their ability to serve clients.