2020 New York-IRS AFSP CE 15 Hour - Advanced Topics including Estates and Trusts
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In order to obtain the IRS Annual Filing Season Program Qualification you will need to successfully complete our 15 Hour IRS Continuing Professional Education Tax Course. This 2020 tax course (IRS Provider # JK8E2) is designed for Tax Preparers who are considered credentialed or exempt tax preparers by the IRS and who want to be a part of the IRS Annual Filing Season Program and are not required to complete the Annual Federal Tax Refresher Course (AFTRC) as part of their continuing professional education requirement. This 15 hour continuing education course will review advanced topics including estates and trusts and includes 10 hours of federal law, 2 hours of ethics and 3 hours of Federal Updates, per IRS guidelines.
IRS Annual Filing Season Program 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. The Internal Revenue Service (IRS) also require individuals to possess a valid Personal Tax Identification Number (PTIN).
The Annual Filing Season Program record of completion is available each year from June 1 - December 31st and each year thereafter. The 18 credit hours would need to 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. Tax return preparers who have successfully completed one of the following national or state tests would be exempt from taking the Annual Federal Tax Refresher course with a comprehension test:
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 IRS 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.
Course Description: The IRS AFSP CE 15 Hour Advanced Topics including International Tax course is designed for tax preparers who are looking for a tax course that will meet the required 15 hour Continuing Professional Education Income Tax Course requirement. The 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 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-00114-19-S) and provides ten hours of CE credit. Tax class #2 covers 2019 personal and business tax updates. Topics include the Non-Business Energy Property Credit, capital gains (including the new form 8949), standard mileage rate updates and the Small Business Health Care Tax Credit ( IRS course #JK8E2-U-00109-19-S) and provides three hours of CE credit. Course #3 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 (IRS course #.JK8E2-E-00110-19-S) and provides two hours of CE credit. The three combined tax classes will meet the IRS requirement for the minimum number of CE credit hours for 2020 including the tax updates and ethics requirements. 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. 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. (Note that completion of the quizzes is not mandatory). 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 15 hour CE requirement and receive a Certificate of Completion. Course completion is then reported to 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, one final exam will be given at the end of the course. The tax course is available to you for six months upon registration. 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 number of 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 the IRS. We provide all students with tax updates throughout the year on our Platinum Blog site.
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.