2021 Oregon CE 30 Hour - Small Business and Corporation Tax
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In order to maintain your Oregon continuing education requirements (CE) as established by the Oregon State Board of Tax Practitioners for Oregon Tax Preparers, you will need to successfully complete a total of 30 hours of continuing education which will allow you to continue to prepare tax returns for compensation in Oregon. Our tax course is designed for tax preparers who are looking for a course that will meet both the Oregon and IRS Annual Filing Season Certificate Continuing Education income tax course requirements. The tax course will review personal and small business tax and will fulfill the Oregon CE and IRS AFSP requirements. Our Oregon-IRS 30 hour tax course includes 20 hours of federal law topics, 3 hours of federal law updates, 2 hours of ethics, and 5 hours of Oregon state tax.
Oregon-IRS Annual Filing Season Program Continuing Education Requirements
Course Prerequisites: High school diploma or high school diploma equivalent is recommended. Current registration as an Oregon Tax Preparer with the Oregon State Board of Tax Practitioners (OBTP) is required. The Internal Revenue Service (IRS) also require individuals to possess a valid Personal Tax Identification Number (PTIN).
The Oregon Tax Practitioners Board (OTPB) also requires that you complete 30 hours of continuing professional tax education by September 30th of each year. Renewals applications are due no later than October 15th (postmark date). OTPB gives you a grace period of two weeks, during which time you do not have to pay the $35.00 reactivation fee (late fee). On the renewal application, you will self-attest that you have met the annual education requirement. Once you complete our Oregon Continuing Professional Education Tax Course you will receive a Certificate of Completion for the IRS and OTPB. Platinum will then report your completion electronically to the IRS. 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. Oregon Tax Preparers are considered exempt and are only required to take 15 hours of IRS CE, which is already included within our 15 hours Oregon 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 the IRS. 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 certificate 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 Oregon Continuing Education Course
Course Description: The Oregon 30 Hour CE Personal and Small Business Tax course is designed for tax preparers who are looking to complete a tax course that will meet 30 hours of OR Continuing Professional Education. This tax course (IRS Provider #JK8E2) is actually five 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 small business tax topics. Topics include Schedule C; Business Income and Expenses, and Depreciation - Form 4562 (IRS course #JK8E2-T-00128-20-S ) and provides ten hours of CE credit. Tax class #2 covers corporation tax topics. Topics include income, expenses, gains and losses, distributions to shareholders and contribution of capital (#JK8E2-T-00129-20-S) and provides ten hours of CE credit. Tax class #3 covers 2020 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-00124-20-S) and provides three hours of CE credit. Tax Class #4 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-00125-20-S) and provides two hours of CE credit. Tax class #5 covers Oregon State Tax and offers 5 hours of continuing education credits. The five combined tax classes will meet the IRS requirement for the minimum number of CE credit hours for 2021 including the tax updates and ethics requirements.
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 30 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 test 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 IRS. We provide all students with tax updates throughout the year on our Platinum Blog site.
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