Blank Tennessee In 1324 Template

Blank Tennessee In 1324 Template

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. By completing this affidavit, licensees formally surrender their right to practice public accountancy while also acknowledging the responsibilities and limitations that come with this change. It is essential for individuals considering this transition to understand the implications of their decision and the requirements for reactivation in the future.

Modify Tennessee In 1324

The Tennessee In 1324 form serves as a critical document for licensed accountants in Tennessee who wish to transition their professional status from 'Active' to 'Inactive.' This form is specifically designed for certified public accountants (CPAs) and licensed public accountants (LPAs) who have decided to surrender their right to practice public accountancy. By completing this affidavit, the licensee formally declares that they have not engaged in any public accounting services, including auditing, tax preparation, or financial consulting, for a specified period. It is essential to note that once the form is submitted, the individual must include the designation 'Inactive' when using their title, which affects how they can represent their professional qualifications. The form also emphasizes the importance of continuing to renew the permanent certificate biennially, along with the associated fees. Additionally, it outlines the requirements for reactivating the license, which include completing a minimum of eighty hours of continuing professional education (CPE) within the two years prior to reactivation. The Tennessee State Board of Accountancy holds the authority to enforce compliance with these regulations, and any violations can lead to disciplinary actions. This form, therefore, encapsulates not only the procedural aspects of maintaining professional status but also the responsibilities and commitments that come with being a licensed accountant in Tennessee.

Dos and Don'ts

When filling out the Tennessee In 1324 form, it’s important to follow specific guidelines to ensure your application is processed smoothly. Here’s a list of things to do and avoid:

  • Do print or type your full name and address clearly in the designated area.
  • Do ensure that the date you provide precedes the period for which you are seeking exemption.
  • Do read and understand the Law and Rules of the Board of Accountancy before signing.
  • Do have the form notarized after you have completed it.
  • Don't leave any sections blank; all required fields must be filled out.
  • Don't forget to sign the affidavit; your signature is essential for the validity of the form.
  • Don't use the title of CPA or PA without including 'Inactive' once your status changes.
  • Don't submit the form without ensuring that you have paid any applicable renewal fees.

Similar forms

The Tennessee In 1324 form is similar to the Affidavit of Support, which is often used in immigration cases. This document requires the sponsor to confirm their financial ability to support an immigrant. Just like the Tennessee form, it necessitates a sworn statement, affirming the truthfulness of the information provided. Both documents are critical in establishing a formal relationship with a governing body, ensuring compliance with specific regulations.

Another comparable document is the Change of Status form used by various state licensing boards. This form allows professionals to notify their licensing authority about changes in their practice status. Similar to the Tennessee In 1324 form, it requires the individual to affirm that they have not engaged in certain activities related to their profession since a specified date. Both documents aim to maintain transparency and accountability within professional practices.

The Declaration of Inactive Status form serves a similar purpose for various professions, including healthcare and engineering. This document allows professionals to declare that they will not be practicing for a period of time. Like the Tennessee In 1324, it requires a notarized signature and a clear understanding of the implications of being inactive. Both forms help regulate the profession and ensure that only qualified individuals are practicing.

Similarly, the Application for Inactive Membership in a professional association is another document that parallels the Tennessee In 1324 form. This application allows members to maintain their affiliation with a professional organization while not actively practicing. Both require the member to affirm their inactive status and provide a clear understanding of the limitations that come with it. This process helps organizations keep accurate records of their members' professional statuses.

The IRS Form 4868, which is used to request an extension for filing individual income tax returns, shares similarities with the Tennessee In 1324 form. Both require individuals to affirm their understanding of the consequences of their decisions. Just as the Tennessee form outlines the limitations of inactive status, the IRS form clarifies the obligations that remain even after an extension is granted. Both documents reflect the importance of compliance with regulations and deadlines.

The Professional License Renewal form is another document that bears resemblance to the Tennessee In 1324 form. This form is often used by various state boards to renew a professional's license. It typically requires affirmation of compliance with continuing education requirements. Both documents emphasize the importance of staying current with professional standards and maintaining good standing within the respective field.

In order to ensure proper compliance with workplace norms, it is often necessary to consult the comprehensive guide to the Employee Handbook. This crucial document outlines essential policies and expectations that govern employee conduct. For more information, visit essential guidelines for the Employee Handbook.

The Statement of Intent to Retire is also similar to the Tennessee In 1324 form. This document allows professionals to formally notify their licensing board of their intent to retire. Like the Tennessee form, it requires a sworn statement and outlines the implications of retirement on their professional status. Both serve to keep regulatory bodies informed about the status of their licensees.

The Request for Inactive Status form used by attorneys is another comparable document. This form allows lawyers to inform their state bar association of their decision to go inactive. Similar to the Tennessee In 1324, it requires a sworn statement and outlines the restrictions associated with inactive status. Both documents serve to protect the integrity of the profession and ensure that only qualified individuals are practicing.

Lastly, the Professional Development Plan is akin to the Tennessee In 1324 form in that it requires professionals to outline their future educational and professional goals. While it may not directly change a status, it emphasizes the importance of ongoing education and compliance with industry standards. Both documents reflect a commitment to maintaining professionalism and accountability within their respective fields.

Tennessee In 1324: Usage Guidelines

Completing the Tennessee In 1324 form is an important step if you wish to change your CPA status from active to inactive. This process involves providing personal information and certifying your understanding of the implications of this status change. Below are the steps to guide you through filling out the form.

  1. Download the Form: Obtain the Tennessee In 1324 form from the Tennessee State Board of Accountancy website or request a copy from their office.
  2. Fill in Your Name and Address: At the top of the form, print or type your full name and address in the designated space.
  3. Affiant Statement: In the statement that begins with "I,," write your name again in the blank space provided.
  4. Indicate the Date: Fill in the date when you last performed any public accounting services. This date must be before the exemption period you are seeking.
  5. Signature: Sign the form where indicated, confirming your request to change your status to inactive.
  6. Provide Your Certificate Number: Write your CPA certificate number next to your signature.
  7. Street Address: Include your street address, city, state, and zip code in the specified area.
  8. Notary Section: Take the completed form to a notary public. They will need to witness your signature and complete their section on the form.
  9. Keep a Copy: Make a copy of the completed form for your records before submitting it.
  10. Submit the Form: Send the original notarized form to the Tennessee State Board of Accountancy at the address listed on the form.

Common mistakes

Filling out the Tennessee In 1324 form can be straightforward, but many people make common mistakes that can delay the process. One frequent error is failing to provide complete information. The licensee's full name and address must be clearly printed or typed. Omitting any part of this information can lead to rejection of the form.

Another mistake involves the date entry. The form requires a specific date that must precede the period for which you are seeking exemption. Many applicants mistakenly write the wrong date, which can result in complications. Always double-check the date to ensure accuracy.

Some individuals neglect to read the terms and conditions outlined in the affidavit. It's essential to understand that by submitting this form, you are surrendering your right to practice public accountancy. Misunderstanding this can lead to unintended consequences, including disciplinary actions.

Additionally, not having the affidavit notarized is a common oversight. The form explicitly states that it must be notarized. Failing to complete this step can invalidate the submission. Ensure you visit a notary public before sending the form.

People often forget to sign the affidavit. The signature of the affiant is crucial. Without it, the form cannot be processed. Make it a habit to check for your signature before submission.

Another mistake is not keeping a copy of the completed form. Retaining a copy is important for your records and can be helpful if any issues arise later. Always make sure to have a personal copy for reference.

Some applicants overlook the requirement to pay renewal fees. The form states that you must continue to renew your permanent certificate on a regular basis. Failing to do so can lead to complications in maintaining your inactive status.

Another common error is misunderstanding the continuing professional education (CPE) requirements. If you plan to return to active status, you must complete 80 hours of CPE within the designated timeframe. Miscalculating this can create hurdles when you decide to reactivate your license.

Finally, people sometimes ignore the disciplinary actions outlined in the form. Violating Tennessee Code Annotated, Title 62, Chapter 1 can lead to serious consequences. Being aware of these rules helps in making informed decisions about your professional status.

Form Attributes

Fact Name Details
Governing Authority This form is governed by the Tennessee Code Annotated, Title 62, Chapter 1.
Purpose of the Form The form is used by licensed accountants in Tennessee to change their status from 'Active' to 'Inactive'.
Notarization Requirement The affidavit must be notarized to be valid.
Continuing Education Requirement To reactivate the license, the individual must complete 80 hours of technical continuing professional education (CPE) within the prior 24 months.
Disciplinary Actions Violations of the rules can lead to disciplinary actions by the Tennessee State Board of Accountancy.

Tennessee In 1324 Example

State of Tennessee

Department of Commerce and Insurance Tennessee State Board of Accountancy 500 James Robertson Parkway Nashville, TN 37243

615­741­2550 or 888­453­6150 (Fax 615­532­8800)

AFFIDAVIT FOR CPE EXEMPTION AND INACTIVE CPA/PA STATUS

(Must Be Notarized)

By: ______________________________________________________________________________________

(Licensee's Full Name and Address ­ print or type)

after being duly sworn, deposes and says:

I, _________________________________________, hereby advise the Tennessee State Board of Accountancy that

I wish to surrender my right to practice public accountancy and change my certificate from 'Active' to 'Inactive' status.

I warrant and affirm that I have not performed or offered to perform for the public, individually or as an employee in a firm, one or more kinds of services involving the use of accounting or auditing skills, including the issuance of reports on financial statements, nor have I performed or offered to perform for the public one or more kinds of management advisory, financial advisory or consulting services nor have I performed or offered to perform for the public services including preparation of tax returns or the furnishing of advice on tax matters since___________________ (date must

precede period for which you are seeking exemption.)

I understand that by doing so I give up the right to use the title of certified public accountant or licensed public accountant without including 'Inactive' adjacent to the use of the title which includes the abbreviations CPA, PA and the word 'Accountant.' I understand that by making this election I can not perform or offer to perform for the public any of the services listed in the previous paragraph. I further certify that I have read and understand the Law and Rules of the Board of Accountancy.

I understand that I must continue to renew my permanent certificate on a regular biennial basis and pay the renewal fees assessed by the Board of Accountancy. I further understand that in order to return to active status, I must complete eighty (80) hours of technical CPE during the 24 month period preceding the date I request reactivation of my license.

Additionally, I understand that violation of Tennessee Code Annotated, Title 62, Chapter 1 and/or the rules and policies of the Tennessee State Board of Accountancy relating to improperly performing services for the public and/or using my credential in the State of Tennessee is cause for disciplinary action by the Tennessee State Board of Accountancy.

____________________________________________________

___________________

_______________

Affiant Signature

 

Certificate Number

Date of Signature

________________________________________________________________________________

Street Address

City State

Zip

 

Sworn and subscribed Before Me this _________ day of ________________, 20_____.

 

_______________________________

 

 

 

Notary signature

 

 

 

Notary Public: My Commission Expires: _________________________ (Seal)

 

IN ­ 1324 (06/3/2009)

 

 

RDA 2225