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What is NYC AC § 20-739?

Quick Answer

This section provides definitions for terms used in the subchapter, specifically defining 'tax preparer' as any person or entity that assists in preparing income tax returns for compensation, and 'refund anticipation loan' as a loan received against an anticipated tax refund. Applies to entities involved in tax preparation services.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 20-739 Definitions.

AC § 20-739

1.For the purposes of this subchapter, the term "tax preparer" or "preparer" means a person, partnership, corporation or other business entity, that for valuable consideration advises or assists or offers to advise or assist in the preparation of income tax returns for another.

2.For the purposes of this subchapter, the term "refund anticipation loan" means any loan a taxpayer may receive against his or her anticipated income tax refund.

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