2021 CTEC CPE 20 Hour - Personal Income Tax Return
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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 Program Continuing Education income tax course requirements. The tax course will review the personal income tax return 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.
CTEC-IRS Continuing Education Requirements
Course Prerequisites: High school diploma or high school diploma equivalent is recommended. 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).
About the CTEC Continuing Education CourseCourse Description: The CTEC Personal Income Tax Return course is designed for tax preparers who are looking to complete a tax course that will meet both the required 20 hour CTEC and voluntary 15 hour IRS Continuing Professional Education annual income tax course requirement. This 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 a better understanding of the following tax topics.
Tax Class #1 covers the personal income tax return including proper completion of Form 1040 and related schedules and forms. Topics include the determination of taxable income, adjustments to income, identifying eligible tax credits and calculating total tax liability. A variety of more advanced topics is also reviewed including identifying abusive tax schemes and frivolously filed tax returns, understanding tax considerations for members of the military and international tax topics. The first class (part 1) provides ten hours of CE credit. Tax Class #2 covers 2020 personal tax updates. Topics include the calculation of deductible contributions to IRAs, identifying capital gain and loss limits for tax purposes, defining updated standard mileage rates, and understanding the tax implications of the Affordable Care Act. The second class (part 2) provides three hours of CE credit. Tax Class #3 covers ethical issues 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. The third class (part 3) provides two hours of CE credit. The first three combined classes will meet the IRS requirement for the minimum number of CE credit hours for 2020 including the tax updates and ethics requirements. Tax class #4 covers the proper completion of the California Franchise Tax Board form 540 and identifying differences between the federal and California returns and the use of schedule CA (540). The fourth class (part 4) provides 5 hours of CTEC CE credit completing the 20 hour CE CTEC requirement. Upon completing this course you will have an understanding of how to properly prepare and complete IRS form 1040, FTB form 540, and other basic tax forms and provides an introduction to additional tax topics including abusive tax schemes and international tax topics.
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 (completion of the quizzes however 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, four final exams totaling approximately 100 questions will be given throughout 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.