**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

Important: This course provides 8-Hrs of continuing education credits in the IRS Federal Tax Law category. If you wish to obtain the Annual Filing Season Program Record of Completion, do not take this course. The name of this course can be easily mixed up with another course offered on this website, please notice the differences in the names to be sure you are enrolled in the correct course:

• “2019 Annual Tax Season Update“ – Provides 8 CE credits in the Federal Tax Law category (Designed for EA’s)
• “2019 Annual Federal Tax Refresher“ – Provides 6 CE credits in the AFTR category (Not for EA’s)

 

Course Syllabus

Course Description
Each year, income tax return preparation must take into account inflation-related changes to various limits and new tax laws. This course will look at those changes and new laws. The 2019 Annual Tax Season Update course is designed to provide valuable information to persons preparing individual 1040 income tax returns reflecting clients’ 2018 income. The course a) examines the Tax Cuts and Jobs Act of 2017 and changes in various limits that reflect inflation, b) provides a general tax review, and c) discusses important rules governing tax return preparer ethics, practices and procedures. This course is a basic tax level course with no prerequisites, and qualifies for 8 CE credits in IRS Federal Tax Law.

Learning Objectives

• Identify the principal individual income tax changes brought about by the Tax Cuts and Jobs Act of 2017;
• Apply the inflation-adjusted and other limits to the proper preparation of taxpayers’ income tax returns;
• Calculate nonexempt taxpayers’ tax penalty under the Affordable Care Act for failure to maintain healthcare coverage;
• Recognize the federal income tax filing statuses and the criteria for their use;
• Identify the types of income that must be recognized;
• Apply the tax rules to the various credits and adjustments to income that are available to taxpayers;
• Recognize the penalties that may be imposed on a preparer for failing to meet ethical and practice standards in preparing tax returns; and
• Identify the duties and restrictions imposed on tax preparers under Circular 230.

Course Assignments

• Study each Chapter
• Answer review questions at the end of each chapter
• Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 40 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

Course Materials:

• <Course Materials Removed (Out-dated)>

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

Course Syllabus

Course Description
The annual global cost of cybercrime is high and getting higher all the time. In fact, cyber criminals reap a windfall from their activities that is likely to be in the trillions. Almost all of that cybercrime began with—and continues to start with—a social engineering concept known as “phishing.”
Certain business organizations, among which are those referred to as “financial institutions,” are charged by the FTC with taking particular steps to protect their customers’ financial information. Included in the category of financial institutions are professional tax preparers. Professional tax preparers normally maintain a significant amount of taxpayer information in various files—electronic and paper—that would be a treasure trove for cyber criminals.
In this course, tax preparers are introduced to the problem of cybercrime and its costs, offered methods that can be expected to reduce the chances of becoming a cybercrime victim, and informed of proper steps to take if they do become victims of cybercrime. This course is a basic tax level course with no prerequisites, and qualifies for 3 CE credits in IRS Federal Tax Law.

Learning Objectives

• Recognize the pervasiveness of cybercrime;
• Identify the potential costs of experiencing a data breach;
• Understand the best practices that may be implemented to protect a tax preparer from cybercrime; and
• List the responsibilities of a tax preparer who has experienced a taxpayer data breach.

Course Assignments

• Study each Chapter
• Answer review questions at the end of each chapter
• Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 15 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

Course Materials:

• <Course Materials Removed (Out-dated)> If you would like a copy of this course materials for your reference, please reach out to us by email and we will reply with the course materials as an attached PDF file.

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

Course Syllabus

Course Description
This course provides a brief overview of the ins and outs of maximizing business deductions for car expenses, travel and entertainment, and home offices. It includes detailed, clear explanations and practical examples of how the tax law is applied. This course is a basic tax level course with no prerequisites, and qualifies for 10 CE credits in IRS Federal Tax Law.

Learning Objectives

• To identify current information related to transportation expenses
• To recognize how the Code determines where a taxpayer’s tax home is located
• To identify the tax consequence of the designation of temporary assignment vs. permanent assignment
• To recognize what travel expenses are deductible
• To recall the rules regarding deductions for luxury water travel
• To identify the requirements for deducting entertainment expenses
• To identify the restrictions on the deductions for business gifts
• To recall deductible transportation expenses
• To identify the section 179 deduction requirements
• To recognize the rules regarding depreciation of transportation vehicles
• To recognize the various recordkeeping requirements for travel, entertainment, gift, and transportation expenses
• To identify what is required to adequately account to an employer for employee business expenses
• To recognize the tax rules regarding the business use of a home
• To identify how daycare facilities in a home qualify for different rules than other businesses

Course Assignments

• Study each Chapter
• Answer review questions at the end of each chapter
• Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 50 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

Course Materials:

• <Course Materials Removed (Out-dated)>

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

Course Syllabus

Course Description
Federal Income Tax Changes examines the current tax changes effective for 2018 that are more significant from the perspective of an income tax preparer. Context is provided, as appropriate, to assist readers in understanding the changes. A brief discussion of the individual taxpayer provisions of the Tax Cuts and Jobs Act of 2017 is also included. This course is a basic tax level course with no prerequisites, and qualifies for 3 CE credits in IRS Federal Tax Law Updates.

Learning Objectives

Upon completion of the course, readers should be able to:

•List the current year changes in various amounts including: Standard mileage rates, The standard deduction, The AMT exemption amount, The limits related to income from U.S. Savings Bonds for taxpayers paying higher education expenses, and Deductions for qualified long-term care insurance premiums;

•Identify the current year tax credit changes affecting the: Child tax credit, Saver’s credit, Earned income credit, and Adoption credit;

• Recognize the changes affecting: Health Savings Account (HSA) and Archer Medical Savings Accounts (MSA) requirements and contribution limits, Roth IRA eligibility, and Traditional IRA contribution deductibility for active participants in employer-sponsored qualified plans; and

•List the changes affecting the: Individual penalties under the shared responsibility provision mandating maintenance of health insurance coverage, Small employer premium tax credit, and Applicable large employer mandate.

 

Course Assignments

• Study each Chapter
• Answer review questions at the end of each chapter
• Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 15 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

Course Materials

• <Course Materials Removed (Out-dated)> If you would like a copy of this course materials for your reference, please reach out to us by email and we will reply with the course materials as an attached PDF file.

IRS Credits for this Exam has Expired. This course is only available to help increase tax knowledge.

The IRS Annual Filing Season Program (AFSP) is a voluntary program for tax return preparers. It aims to recognize the efforts of non-credentialed return preparers who aspire to a higher level of professionalism. By achieving this AFSP Record of Completion, though not required, you will have the privilege of having your name listed on the IRS Federal Directory of Tax Preparers if you choose to.

This course is not designed for Enrolled Agents. If you are an enrolled agent and purchased this course, please contact us so we can exchange this course for you.

 

The course below is the 6-hour Annual Federal Tax Refresher Course (AFTR), which is just part of the overall AFSP. If you wish to obtain the full AFSP, additional courses may be required depending on if you are an Exempt or Non-Exempt preparer. More information about the Annual Filing Season Program, Exempt and Non-Exempt preparers, and CE Requirements can be found in the following links:

Annual Filing Season Program
Requirements for Exempt Individuals
Annual Filing Season CE Requirements

How and when will I get my Record of Completion?

After you complete your continuing education and renew your PTIN for the upcoming year, you will receive an email from TaxPro_PTIN@irs.gov with instructions on how to elect to participate and receive your record of completion in your online secure mailbox. You must have a PTIN in order to receive IRS credit for this course.

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Course Details

IRS Program Number: YH9W1-A-00038-18-S
CE Credits: 6 hours – (This course does not provide CE credits for Enrolled Agents)
IRS Category: Annual Federal Tax Refresher
Delivery Type: Online Self-Study
Exam: 100 Question, 3-hour Timed Exam (Only 4 attempts are allowed for this exam)

**AFTR course Final Exam must be successfully passed by midnight 12/31/2018 (local time of the student)

 

Course Syllabus

Course Description

Each year, various limits affecting income tax return preparation and tax planning may be affected by inflation-related changes. In addition, the Tax Cuts and Jobs Act of 2017 significantly affects taxpayers’ income tax liability. This course will examine many of those changes.

The 2019 Annual Federal Tax Refresher course is designed to meet the requirements of the IRS Annual Filing Season program. It discusses new tax law and recent updates for the upcoming filing season, provides a general tax review, and examines important rules governing tax return preparer ethics, practices and procedures.

This self-study course follows IRS guidelines pertaining to the Annual Federal Tax Refresher (AFTR) program. Three Domains are covered: Domain 1 New Tax Law, Domain 2 General Review of Taxes, and Domain 3 Practices, Procedures and Professional Responsibility. This is a 6-Hr tax course designed for an individual with prior tax preparation experience. This course qualifies for 6 CE credit hours in IRS Category Annual Federal Tax Refresher.

**IMPORTANT**If you wish to participate in the Annual Filing Season Program, you will need to log into your PTIN account and sign the Circular 230 Consent statement in order to participate in the Annual Filing Season Program. For steps on how to complete the consent, see the instructional video in the upper right corner of the Annual Filing Season Program web page on IRS.gov at: https://www.irs.gov/Tax-Professionals/Annual-Filing-Season-Program

Learning Objectives

• Upon completion of this course, a tax return preparer should be able to:
• Identify the principal individual income tax changes brought about by the Tax Cuts and Jobs Act of 2017;
• Apply the inflation-adjusted and other limits to the proper preparation of taxpayers’ income tax returns;
• Calculate nonexempt taxpayers’ tax penalty under the Affordable Care Act for failure to maintain healthcare coverage;
• Recognize the federal income tax filing statuses and the criteria for their use;
• Identify the types of income that must be recognized;
• Apply the tax rules to the various credits and adjustments to income that are available to taxpayers;
• Recognize the penalties that may be imposed on a preparer for failing to meet ethical and practice standards in preparing tax returns; and
• Identify the duties and restrictions imposed on tax preparers under Circular 230.

Course Assignments

• Study all 3 Domains
• Pass the Final Exam with a score of 70 percent or better
• Answer a short voluntary Course Evaluation

 

Course Materials

• <Course Materials Removed (Out-dated)> If you would like a copy of this course materials for your reference, please reach out to us by email and we will reply with the course materials as an attached PDF file.
• Note: Due to IRS Requirements, a preview of the Final Exam for this course cannot be provided to students.

 

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Final Exam Instructions Link Below

 

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

Course Syllabus

Course Description
The Tax Cuts and Jobs Act of 2017 (the Act) was signed by the President on December 22, 2017. This self-study course focuses primarily on individual and business tax reform, provides a summary of the changes to the tax law as a result of this Act. It does not provide detail of the changes to exempt organizations or international taxation. This is a Basic tax course with no prerequisites, and qualifies for 10 CE credit in IRS Federal Tax Law Updates.

Learning Objectives

• Identify the individual Federal income tax rates and the standard deduction amounts under the Act.
• Recognize some of the changes to the taxation of specified service businesses.
• Identify changes to family and individual tax credits.
• Recognize changes made to individual deductions and exclusions.
• Recall the changes made by the Act to length of service awards.
• Identify changes made by the Act to the generation-skipping transfer tax and to the estate and gift tax exemption.
• Recall what changes were made to the individual alternative minimum tax (AMT).
• Recall what change was made to the shared responsibility payment related to the minimal essential coverage required per the Affordable Care Act (ACA).
• Identify the time limit for bringing civil action for a wrongful IRS levy.
• Recall the top corporate income tax rate under the Act.
• Recognize changes made by the business cost recovery provisions.
• Identify changes created by the Act that will impact small businesses.
• Recall impacts on business related exclusions and deductions as a result of the Act.
• Identify changes to business credits as a result of the Act.
• Recognize the impact of the Act on energy credits.
• Recall the effective date of the changes to tax-exempt bonds for professional stadiums.
• Identify the impact of the Act on insurance, compensation and other provisions of the Act.

Course Assignments

• Study each Chapter
• Answer review questions at the end of each chapter
• Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 50 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

Course Materials:

• <Course Materials Removed (Out-dated)> If you would like a copy of this course materials for your reference, please reach out to us by email and we will reply with the course materials as an attached PDF file.

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

Course Syllabus

Course Description
This self-study courses discusses important tax changes for 2017 tax returns and basic information on the tax system. It also discusses the requirements for filing a tax return and which filing status to choose. This is a Basic tax course with no prerequisites, and qualifies for 1 CE credit in IRS Federal Tax Law.

Learning Objectives

• Recall important tax changes to be used for 2017 tax returns.
• Recognize the length of the automatic extension provided by filing Form 4868.
• Recognize the various filing statuses and who is eligible to use them.
• Recall the various requirements for a qualifying child.
• Identify the purpose of estimated taxes.

Course Assignments

• Study each Chapter
• Answer review questions at the end of each chapter
• Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 5 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

Course Materials:

• <Course Materials Removed (Out-dated)>

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

Course Syllabus

Course Description
This self-study course discusses various types of income and will explain which income is and is not taxed. This is a Basic tax course with no prerequisites, and qualifies for 5 CE credit in IRS Federal Tax Law.

Learning Objectives

• Recall what types of compensation are included as income for tax purposes.
• Recognize what tips should be included in income for tax purposes.
• Recall the proper tax treatment for various types of interest.
• Identify the proper treatment of various types of dividends.
• Recognize the proper treatment of rental property income and expenses for tax purposes.
• Identify various requirements regarding retirement plan taxation.
• Recognize key taxation thresholds related to social security income.
• Identify the taxability of various types of other income.

Course Assignments

• Study each Chapter
• Answer review questions at the end of each chapter
• Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 25 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

Course Materials:

• <Course Materials Removed (Out-dated)>

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

Course Syllabus

Course Description
This self-study course discusses investment gains and losses, including how to figure your basis in property. These chapters also discuss gains from selling property you personally use – including the special rules for selling your home. This is a Basic tax course with no prerequisites, and qualifies for 2 CE credit in IRS Federal Tax Law.

Learning Objectives

• Identify the factors to consider in calculating the basis of property.
• Recognize the taxability of the sale of personal use property.
• Identify the special tax rules related to selling your home.
• Recall the capital gain rates for the current year.

Course Assignments

• Study each Chapter
• Answer review questions at the end of each chapter
• Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 10 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

Course Materials:

• <Course Materials Removed (Out-dated)>

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.

 

Course Syllabus

Course Description
This self-study course discusses some of the adjustments to income that you can deduct in figuring your adjusted gross income. Also discussed are contributions made to traditional individual retirement arrangements (IRAs), moving expenses, alimony paid, educator expenses, student loan interest, and tuition and fees paid. This is a Basic tax course with no prerequisites, and qualifies for 2 CE credit in IRS Federal Tax Law.

Learning Objectives

• Recall the thresholds, requirements, and additional taxes related to individual retirement arrangements.
• Recognize what moving expenses are and are not deductible.
• Recognize what is and is not alimony.
• Identify education-related adjustments that can be made to income.

Course Assignments

• Study each Chapter
• Answer review questions at the end of each chapter
• Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 10 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.

 

Course Materials:

• <Course Materials Removed (Out-dated)>