Unless otherwise exempt as stated in § Code Sec. 62-29-102″>62-29-102, a person shall not act as a preparer of tax returns unless the person is:

(1) An attorney at law, duly licensed and admitted to practice in the courts of records of this state or the attorney’s employee acting within the scope of employment;

(2) A certified public accountant licensed to practice as such in this state or the certified public accountant’s employee acting within the scope of employment;

(3) A public accountant licensed to practice as such in this state or the public accountant’s employee acting within the scope of employment; or

(4) Any of the persons in subdivisions (1)-(3) holding a proper license from another state or territory.

[Acts 1969, ch. 317, § 3; T.C.A., § 67-5703.]