§ 16-11-80 — "Business of preparing federal or state income tax returns or assisting taxpayers in preparing such returns" defined

For the purposes of this part, a person is engaged in the business of preparing federal or state income tax returns or assisting taxpayers in preparing such returns if he does either of the following: (1) Advertises or gives publicity to the effect that he prepares or assists others in the preparation of state or federal income tax returns; or (2) Prepares or assists others in the preparation of state or federal income tax returns for compensation.