2018 CTEC CPE 20 Hour – Advanced Topics Including Estates and Trusts
In order to maintain the California Registered Tax Preparer (CRTP) designation you will need to successfully complete our 20 Hour California Tax Course which will allow you to continue to prepare tax returns for compensation in California. Our tax course (CTEC Provider #2052 and IRS Provider # JK8E2) is designed for tax preparers who are looking for a course that will meet both the CTEC and IRS Annual Filing Season Certificate Continuing Education income tax course requirements. The tax course will review the advanced topics including estates and trusts and will fulfill the CTEC CE and IRS AFSP requirements. Our CTEC-IRS tax course includes 10 hours of federal law topics, 3 hours of federal law updates, 2 hours of ethics and 5 hours of state. Platinum Professional Services, Inc., has been approved by the California Tax Education Council (CTEC) to offer Continuing Education Courses that count as credit towards the annual "continuing education" requirement imposed by the State of California for CTEC Registered Tax Preparers (CRTPs). A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-2890, toll free by phone at (877)850-2832, or on the internet at www.ctec.org .
CTEC-IRS Continuing Education Requirements
Course Prerequisites: High school diploma or high school diploma equivalent is recommended as well as completion of our Personal Income Tax Return course. Current registration with the California Tax Education Council (CTEC) is required. The Internal Revenue Service (IRS) and the California Tax Education Council (CTEC) also require individuals to possess a valid Personal Tax Identification Number (PTIN).
The California Tax Education Council also requires that you complete 20 credit hours of continuing tax education CE by October 31st of each year: 10 hours of federal law topics, 3 hours of federal law updates, 2 hours of ethics and 5 hours of state.
Once you complete our CTEC Continuing Professional Education Tax Course you will receive a Certificate of Completion for the IRS and CTEC. Platinum will then report your completion electronically to IRS and CTEC. You will then be able to register online at www.ctec.org. The fee is $25.00 to register with CTEC. CTEC's late fee is $55 which extends the deadline up to January 15th. Additionally, CRTPs who do not renew their registration by January 15, 2018 and each year thereafter, will have to re-take the 60-hour qualifying education course from an approved education provider and register as a new CRTP. In addition, the IRS requires non-credentialed or non exempt tax preparers to complete 18 credit hours of continuing education including an Annual Federal Tax Refresher (AFTR) if they want to be an IRS AFSP Record of Completion Holder. CTEC Tax Preparers are considered exempt and are only required to take 15 hours of IRS CE, which is already included within our 20 hour CTEC courses. Please note: The IRS Annual Filing Season Certificate is only available between June 1st and December 31st.
Again, Platinum will then report your completion electronically to IRS and CTEC. You will then be able to register online with CTEC to renew your registation. Once the tax preparer has met all three requirements for the Internal Revenue Service AFSP (renewed their PTIN, taken appropriate amount of continuing education, completed and passed the AFTR course/test if required), a certificate will be available in the PTIN holder's online IRS account for printing. Any "unenrolled" preparer not already bound by Circular 230 will need to sign an agreement to follow sub-part b of Circular 230 before being able to print the record of completion from the Internal Revenue Service. There will be no cost to the preparer for the AFSP record of completion. The IRS will then list AFSP tax preparers in their public database including the tax preparer's credentials.About the CTEC Continuing Education Course
Course Description: The Advanced Topics including Estates and Trusts course is designed for tax preparers who are looking for a tax course that will meet both the required 20 hour CTEC and voluntary 15 hour IRS Continuing Professional Education Income Tax Course requirement. Our tax course (CTEC Provider #2052 and IRS Provider #JK8E2) is actually four tax classes in one. The learning objectives expected to be achieved after completion of this tax course includes knowledge of the following:
Tax class #1 covers advanced topics including Estates and Trusts. Topics include estate and gift tax returns, a summary of the most common trusts, the IRS appeals process, abusive and frivolous tax schemes, and military and international taxpayer topics (IRS Course #JK8E2-T-00099-18-S) and provides ten hours of CE credit. Class #2 covers 2018 personal and business tax updates. Topics include the calculation of deductible contributions to IRAs, identifying capital gain and loss limits for tax purposes, and defining updated standard mileage rates (IRS course # JK8E2-U-00095-18-S and provides three hours of CE credit. Tax Class #3 covers ethical issues for the tax practitioner including practices and procedures involving the possession of tax records, understanding how to properly disclose fees charged for the preparation of taxes and understanding the definitions of when a tax practitioner is acting in a disreputable or incompetent manner, (IRS course #JK8E2-E-00094-18-S) and provides two hours of ethics CE credit. The three combined classes will meet the IRS requirement for the minimum number of CE credit hours including the tax updates and ethics requirements. Tax Class #4 covers the proper completion of the California Franchise Tax Board form 540, providing an additional 5 hours of CTEC CE credit completing the 20 hour CE requirement. Upon completing this course you will have an understanding of specialized tax returns and when to file including Form 709 for Gift Taxes and Form 1041 for Estates and Trusts. You will also gain an understanding of other topics including Generation Skipping Transfer Tax and the different types of trusts that exist.
Course Organization: This course is presented in an online format. Students create a login I.D. and password to access the course. Once purchased, the course is available for six months. Reading assignments cover the topics in a step-by-step fashion. Each reading assignment is then followed by a one or two part quiz presented in a multiple choice format. The quiz questions will test knowledge of the completed reading assignment. Once answers are submitted the student will be provided with an answer key and feedback, also provided online. The student will then complete the final exam.
The student will receive a pass or fail grade on the final test but, unlike the quizzes, will not be provided with an answer key or any feedback (to comply with CTEC guidelines regarding final testing). The final test must be completed with a passing grade of 70% or better in order to meet the 20 hour CE requirement and receive a Certificate of Completion. (Note that the completion of the quizzes is not mandatory). Course completion is then reported to CTEC and the IRS by Platinum Professional Services.
Student Support: Students can submit questions and comments in a variety of ways. A toll free phone number (877-315-1772), fax line (877-317-9412) and email address (customersupport @platinumprostudies.com) are all offered to the student. A course evaluation is also provided at the conclusion of the course. The Certificate of Completion is emailed to the student immediately following the successful completion of the course.
The reading material is built within the course with an option to print it out if you prefer to work offline. A series of quiz review questions will then test your understanding of key topics. In addition, a three part final exam consisting of 100 questions will be given at the end of the course. Our current courses are based upon the IRS' most recently available tax laws, forms, and schedules. We provide all students with tax updates throughout the year on our Platinum Blog site.
Remember, Platinum Professional Services offers automatic grading, feedback on your missed questions, reading material conveniently located within each tax course and unlimited tries to pass the quizzes and final exam(s). We even offer full instructor support. Our tax courses are available to you for six months (180 days) upon purchase and will expire after the six month term. Please note: Enrolled Agent review courses and Notary courses expire after one year. Learn 24/7, online and at your own pace. Best of all, your Certificate of Completion is emailed to you immediately following the successful completion of the tax course. Platinum will then report your completion electronically to IRS and CTEC so that you can be assured of remaining in compliance as an IRS Annual Filing Season Program Record of Completion Holder and CTRP.
With Platinum Professional Services there is no confusion, only a direct path to success. Feel free to discover the most proficient way to deepen your education and be efficient, all while saving you time and money. Here at Platinum Professional Services, we make it easy for you without any added obstacles. Everyone wants to simplify their life and finally, we have the way.