Assembly Bill 324 from the 2017 Nevada Legislative Session became effective July 1, 2017.
Expands Definition of Document Preparation Services
The definition of “document preparation service” is expanded to include:
- A person who, for compensation, assists a client in preparing all or substantially all of a federal or state tax return or a claim for a tax refund;
- Certain paralegals; and
- Clarifies that a bankruptcy petition preparer is included in the definition.
The bill also excludes from the definition of “document preparation service” certain attorneys who are licensed to practice in other states and the District of Columbia and a certified public accountant who is licensed in this State or a financial planner who is subject to NRS 628A. (See AB 324, Section 1.5)
The bill establishes a nonrefundable application fee of $50 for Document Preparation Services registration. The application must be completed within 120 days or the application must be denied. (See AB 324, Section 2)
The bill requires a person who wishes to renew his or her registration to pay a renewal fee of $25 every year before the expiration date of the registration. (See AB 324, Section 3)
Fees will be accounted for separately used to pay for expenses to administer the document preparation services program.
The bill prohibits a registrant in any advertisement or written description of the services provided by the registrant, or on any letterhead or business card, to use the term “paralegal” or “legal assistant” which implies that the registrant is acting under the direction and supervision of an attorney licensed to practice law in this state. (See AB 324, Section 4)