Download Tennessee In 1324 Template in PDF Open Editor Here

Download Tennessee In 1324 Template in PDF

The Tennessee In 1324 form is an official document used by certified public accountants (CPAs) in Tennessee who wish to change their status from active to inactive. This form serves as an affidavit for exemption from continuing professional education (CPE) requirements, allowing accountants to surrender their right to practice while maintaining their certification. Proper completion and notarization of this form is essential for ensuring compliance with the regulations set forth by the Tennessee State Board of Accountancy.

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The Tennessee In 1324 form serves a crucial purpose for licensed accountants in the state who wish to change their professional status from 'Active' to 'Inactive.' This affidavit, issued by the Tennessee State Board of Accountancy, requires the licensee to formally notify the Board of their decision to surrender their right to practice public accountancy. The form mandates that the individual has not engaged in any accounting or auditing services, including tax preparation or consulting, since a specified date. It is important to note that by opting for Inactive status, the licensee relinquishes the right to use the titles 'Certified Public Accountant' or 'Licensed Public Accountant' without the designation 'Inactive.' Furthermore, the form emphasizes the necessity of understanding the relevant laws and rules governing accountancy practice in Tennessee. Regular renewal of the permanent certificate is also a requirement, along with the completion of continuing professional education (CPE) hours if the individual later seeks to reactivate their status. This process is designed to ensure that all practicing accountants maintain their professional integrity and adhere to the standards set forth by the Board.

FAQ

  1. What is the purpose of the Tennessee In 1324 form?

    The Tennessee In 1324 form is an affidavit used by licensed accountants to request a change in their status from 'Active' to 'Inactive.' This form indicates that the individual no longer wishes to practice public accountancy and seeks an exemption from continuing professional education (CPE) requirements.

  2. Who needs to complete this form?

    This form is intended for individuals who hold a CPA (Certified Public Accountant) or PA (Public Accountant) license in Tennessee and wish to surrender their right to practice public accountancy. If you have not performed any accounting services for the public, this form is necessary for changing your status.

  3. What information is required on the form?

    Licensees must provide their full name, address, and the date when they last performed accounting services. Additionally, the form requires a notarized signature, affirming the information provided is accurate and complete.

  4. What happens if I submit this form?

    By submitting the Tennessee In 1324 form, you will officially change your status to 'Inactive.' You will no longer be able to offer public accounting services or use the titles CPA or PA without including the term 'Inactive.' Furthermore, you must continue to renew your certificate biennially.

  5. Can I return to active status after submitting this form?

    Yes, you can return to active status. However, you must complete 80 hours of technical CPE within the 24 months prior to your request for reactivation. It’s essential to keep track of your CPE hours to ensure compliance.

  6. What are the consequences of improperly using my credential?

    Improperly performing services for the public or using your credential inappropriately can lead to disciplinary action by the Tennessee State Board of Accountancy. This could include fines, suspension, or revocation of your license.

  7. Is notarization required for the form?

    Yes, the Tennessee In 1324 form must be notarized. This means you need to sign the form in front of a notary public, who will then validate your signature. This step is crucial for the form to be accepted.

  8. What should I do if I have questions about the form?

    If you have questions or need assistance, you can contact the Tennessee State Board of Accountancy at their office. They can provide guidance on completing the form and clarify any concerns you may have.

  9. Where do I send the completed form?

    Once you have completed and notarized the form, send it to the Tennessee State Board of Accountancy at the address provided on the form: 500 James Robertson Parkway, Nashville, TN 37243. Ensure that you retain a copy for your records.

Common PDF Forms

Documents used along the form

The Tennessee In 1324 form is a crucial document for certified public accountants (CPAs) wishing to change their status from active to inactive. Alongside this form, several other documents may be required or beneficial for a complete transition. Below is a list of commonly associated forms and documents.

  • Notary Public Acknowledgment: This document verifies the identity of the individual signing the affidavit. It serves as a formal witness to the signing process, ensuring the legitimacy of the affidavit.
  • Application for Inactive Status: This application may be required by some state boards to formally request a change in status. It typically includes personal information and reasons for the status change.
  • Continuing Professional Education (CPE) Records: These records document the professional development activities undertaken by the CPA. They may be necessary to prove compliance with CPE requirements if the individual decides to reactivate their license later.
  • Aaa International Driving Permit Application: Travelers can access the https://documentonline.org/blank-aaa-international-driving-permit-application/ to apply for an International Driving Permit, ensuring they meet the requirements for legal driving in foreign countries.
  • Renewal Application for Inactive License: Even in inactive status, CPAs must often renew their licenses periodically. This application confirms the intent to maintain the license in good standing without active practice.
  • Notification of Change of Address: If the CPA moves, notifying the state board of accountancy is essential. This document ensures that all communications and renewal notices are sent to the correct address.
  • Tax Clearance Certificate: This certificate may be needed to confirm that the CPA has no outstanding tax obligations. It can be a requirement for maintaining good standing with the state.
  • Professional Liability Insurance Cancellation Notice: If the CPA holds professional liability insurance, a notice of cancellation may be necessary to inform the insurer of the change in practice status.
  • Affidavit of Non-Practice: This affidavit serves as a formal declaration that the CPA has not engaged in any public accounting services since the specified date. It may be required for compliance purposes.
  • State Board of Accountancy Rules and Regulations: A copy of the current rules and regulations can provide essential information about maintaining inactive status and the requirements for reactivation.
  • Reactivation Application: When a CPA decides to return to active status, this application outlines the steps and requirements needed to resume practice, including proof of completed CPE hours.

These documents collectively support the process of transitioning to inactive status and ensure compliance with the regulations set forth by the Tennessee State Board of Accountancy. Proper handling of these forms can facilitate a smoother experience for CPAs during this significant change in their professional journey.