2021 New York-IRS AFSP CE 15 Hour - Small Business, Depreciation & Additional Tax Topics
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New York-IRS Annual Filing Season Certificate Continuing Education Requirements
Course Prerequisites: High school diploma or high school diploma equivalent is recommended. The IRS requires all paid tax preparers to sign up with the IRS 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.
In general, you must register if you: Will be paid to prepare at least one or more New York State returns or report, or will help to issue or administer a refund anticipation loan or refund anticipation check.
You must pay a $100 registration fee if you are a commercial tax return preparer if you: Will be paid to prepare at least one New York State tax return or report in the current calendar year and were paid to prepare 10 or more New York State tax returns in the previous calendar year, or will be paid to prepare 10 or more tax returns in the current calendar year.
All commercial preparers who will prepare New York State personal income tax returns must complete continuing education requirements. Your status as a personal income tax preparer will be reflected on your registration certificate. Either 4-hour or 16-hour coursework must be completed through the state of New York. Please click here for more information on who is required to take 4 and 16 hours of continuing education.
Tax preparers who complete the Annual Filing Season Program will be issued a record of completion from the IRS and be listed in their public database detailing the tax preparer’s credentials. The IRS has also launched a public education campaign to encourage taxpayers to select credentialed tax preparers. AFSP participants will have limited representation rights and will be able to represent clients before revenue agents and similar IRS employees.About the IRS Continuing Education Course
Course Description: Our IRS AFSP Small Business, Depreciation and Additional Tax Topics course is designed for tax preparers who are looking to complete a tax course that will meet 15 hours of IRS continuing education. Our tax course is actually three 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.
Platinum's 10-Hour federal tax law tax class covers small business and depreciation. Tax topics include Schedule C; Business Income and Expenses, and Depreciation - Form 4562 and provides ten hours of CE credit. Topics include business income and expenses, and depreciation (IRS course #JK8E2-T-00128-20-S) and provides ten hours of CPE credit. Platinum's 3-Hour federal tax updates class covers personal and business tax updates. Topics include fundamental inflationary changes that will be used to prepare tax returns (IRS course # JK8E2-U-00124-20-S) and provides three hours of CE credit. Platinum's 2-Hour ethics tax class 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 (#JK8E2-E-00125-20-S) and provides two hours of CE credit. The first three combined classes will meet the 15-Hour IRS requirement for the minimum number of CE credit hours including the tax updates and ethics requirements. Upon completing this course you will have an understanding of how to properly prepare and complete Schedule C, Form 1040, other basic forms and depreciation forms.
Course Organization: Students create a login I.D. and password and have access to the course 24/7. The course is presented in an online E-Book format making the reading material portable if you prefer to work offline. Each reading assignment is then followed by a one or two part quiz presented in a multiple choice format. A series of quiz review questions will then test your understanding of key topics. The answers are submitted online and will be automatically graded. The student will be provided with important feedback and answer key to all quiz questions. Once all of the quizzes are completed, the student will then need to complete a final exam that will review all of the topics covered. The student will receive a pass or fail grade on the final exam but, unlike the quizzes, the student will not be provided with an answer key or any feedback (to comply with IRS guidelines regarding final testing). All quizzes and the final exam(s) must be completed with a passing grade of 70% or better in order to meet the 15 hour CE requirement and receive a Certificate of Completion. The student has unlimited tries to pass the quizzes and the final exam(s). (Note that the completion of the quizzes is not mandatory). Discussion forums are available within the course. Our "Student Course Forum" is available to chat with other students in the same course and our "General Student Forum" is available to chat with students in all courses. The Certificate of Completion can be printed by the student within the course and is also emailed to the student immediately following the successful completion of the course. Course completion are then reported to the IRS and, if applicable, to CTEC by Platinum Professional Services. The tax course is available to the student for six months upon registration. Our current courses are based upon the IRS's most recently available tax laws, forms, and schedules. We provide all students with tax updates throughout the year on our Platinum Blog site.
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 (email@example.com) are all offered to the student. A course evaluation is also provided at the conclusion of the course.