2019 New York-IRS AFSP Tax Return Preparer Prep Course - Incl 18hrs CE w/AFTR
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Our IRS Annual Filing Season Program Tax Return Preparer Prep Tax Course will prepare you to obtain the tax knowledge needed to prepare Individual Tax Returns including small business. In addition, Platinum has included 18 hours of continuing education with six of those hours fulfilling the IRS' Annual Filing Season Program (AFSP) requirement for Tax Return Preparers. This course is approved by the IRS. Platinum is the only company to offer state supplements to further enhance your education. It doesn't get better than this.
IRS General Tax Preparer Requirements
The IRS requires all paid tax preparers to sign up with the IRS, pay a registration fee and obtain a preparer tax identification number (PTIN). All tax preparers will need to renew an existing PTIN annually. Enrolled Agents have separate requirements, Click Here to learn more. Please note, residents of California, Oregon, New York and Maryland have separate state requirements. Click the link to learn more about each states specific requirement.
IRS Annual Filing Season Program Continuing Education Requirements
If a credentialed tax professional (CPA, attorney, enrolled agent, enrolled retirement plan agent, enrolled actuary) or the exempt group listed above wants to be a part of the Annual Filing Season Program, he/she must have 15 hours of continuing education from an IRS approved provider. The 15 credit hours will need to include 3 hours of Federal tax updates, 10 Hours of Federal tax law topics, and 2 hours of Ethics. No CE credit will be given to Enrolled Agents for completing an AFTR course. The 18 credit hours must include 6 hours of an Annual Federal Tax Refresher (AFTR) course with a knowledge based comprehension test, 10 hours of Federal tax law topics and 2 hours of Ethics. The program is directed to preparers who are not attorneys, CPAs or enrolled agents.
About the IRS Annual Filing Season Program Continuing Education Tax Course
Course Description: The IRS CE 18 Hour Personal Income Tax Return w/ AFTR course is designed for tax preparers who are looking to complete a tax course that will meet the 18 hour IRS Continuing Professional Education annual income tax course requirement. The IRS Annual Filing Season Program (AFSP) CE Tax Course includes six hours of the Annual Federal Tax Refresher (AFTR) course with comprehensive test, ten hours of federal tax law, and two hours of ethics, per the required IRS guidelines. This tax course (IRS Provider #JK8E2) is actually four tax classes in one. The learning objectives expected to be achieved after completion of this tax course includes a better understanding of the following tax topics.
Tax Course #1 covers the personal income tax return, form 1040. Topics include non-business income, adjustments to income, credits and tax payments and provides ten hours of CPE credit (IRS Course #JK8E2-T-00096-18-S). Tax Course #2 covers ethical issues for the tax practitioner. Issues involving the possession of tax records, charging of fees for the preparation of taxes and when is a tax practitioner acting in a disreputable or incompetent manner, are reviewed and provides two hours of CPE credit (IRS Course #JK8E2-E-00094-18-S). Tax Course #3 is the Annual Federal Tax Refresher Course and covers IRS required subjects divided into three domains. Domain 1: New Tax Law and Recent Updates. Domain 2: General Review. Domain 3: Ethics, Practices and Procedures (IRS Course #JK8E2-A-00108-18-S). The three combined courses will meet the IRS requirement for the number of CE credit hours.
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. Once all of the quizzes are completed, the student will then need to complete a final test that will review all of the topics covered. 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 IRS guidelines regarding final testing). All quizzes and the final test must be completed with a passing grade of 70% or better in order to meet the 18 hour CE requirement and receive a Certificate of Completion. Course completion is then reported to the IRS by Platinum Professional Services.
About the IRS Tax Return Preparer Prep Tax Course
The IRS Tax Return Preparer Prep Tax Course covers wages and small business 1040 tax returns including forms 1040EZ, 1040A, 1040 (long form), personal tax return schedules and other common tax return forms including the Small Business Schedule C. The course specifically covers Preliminary Work and Collection of Taxpayer Data, Treatment of Income and Assets, Deductions and Credits, Other Taxes, Completion of the Filing Process, Practices and Procedures, and Ethics. The reading material is built within the course with an option to print it out if you prefer to work offline. A series of 355 quiz review questions will guide you so that you will become proficient with the IRS' terminology, guidelines, and procedures. A final exam of 75 exam questions will be given at the end of the course. The tax course also includes a comprehensive tax return exercise. Current courses are based on the IRS' most recently available tax laws, forms and schedules. Most students should expect to complete the questions and exercise within 60 hours.
Want to add a state supplement? Boost your federal tax law knowledge by adding a state supplement to your tax education curriculum. This course includes not only the basics such as forms, filing status, dependents, exemptions and deductions, but also adds taxable and nontaxable state income, credits, adjustments to income, deductions and business income. In addition, students will learn specific state tax laws regarding issues like part-year and nonresident issues, community property rules, and domestic partners.
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.
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.