Our VIP 2024 15-Hour IRS-approved Continuing Education Package will equip tax professionals with up-to-date knowledge on critical tax areas. Featuring renowned experts like Dr. Bart Basi, Roman Basi, and Doug Stives, CPA, this package delves into estate and succession tax laws, strategies for handling clients with unfiled tax returns and maximizing benefits in real estate and rental property rules. Additionally, this package provides a deep dive into the latest federal tax law updates, ethics circular 230, IRS dispute resolutions, and installment agreements. Whether you're navigating new tax laws, resolving client disputes, or optimizing estate and real estate taxes, this package offers invaluable insights.
The 15 hours contained in this package include the following:
- 2 Hours of Ethics
- 3 Hours of Federal Tax Law Updates
- 10 Hours of Federal Tax Law Related Topics
This package covers all significant tax changes and topics affecting all taxpayers.
Course titles included in this package:
- 2024 Ethics Circular 230 (2 Credit Hours of Ethics)
- 2024 Federal Tax Law Updates - (3 Credit Hours of Federal Tax Law Updates)
- 2024 My Client Has Not Filed a Tax Return in Years, Now What? (2 Credit Hours of Federal Tax Law)
- 2024 IRS Dispute Resolution & Installment Agreements (2 Credit Hours of Federal Tax Law)
- 2024 Real Estate Tax Laws and Rental Property Part 1 (2 Credit Hours of Federal Tax Law)
- 2024 Real Estate Tax Laws and Rental Property Part 2 (2 Credit Hours of Federal Tax Law)
- 2024 Estate and Succession Tax Laws (2 Credit Hours of Federal Tax Law)
Learning Objectives:
- Navigate new estate and succession tax laws, including trust structures and tax-efficient asset transfer.
- Implement effective negotiation and resolution strategies to address complex scenarios with clients who haven't filed tax returns for years.
- Optimize real estate and rental property tax benefits, understanding critical IRC sections for tax deferral and deductions.
- Stay current with the latest federal tax law updates, mastering new tax brackets, credits, and deductions for 2024.
- Uphold the highest tax practice standards with an in-depth understanding of ethics circular 230.
- Effectively resolve IRS disputes and navigate the intricacies of installment agreements and offers in compromise.
Over 22 new tax laws are in effect, and you can navigate them like a pro. Dr. Bart Basi, a seasoned tax expert, takes you on a deep dive into every critical change in the 2024 Federal Tax Law Updates.
Ethics Circular 230 covers conflict of interest, ethical responsibilities, obligations, and penalties with new real-life case examples. Understand and define Circular 230, review tax returns, and gain insights on due diligence and competency.
With the 2024 IRS Dispute Resolution & Installment Agreements, you will learn how to master negotiation tactics to understand the nuances of installment plans and offers in compromise. This course will equip you with the knowledge and tools to navigate complex tax scenarios effectively.
Explore vital strategies and considerations to optimize financial outcomes for clients, covering topics such as wills, trusts, inheritance laws, and tax implications with the 2024 Estate & Succession Tax Laws course.
Encountering clients who have not filed their tax returns for years is a common yet challenging scenario. The esteemed Doug Stives, CPA, demystifies the process and will arm you with the knowledge and strategies to navigate these situations confidently and professionally with the 2024 My Client Has Not Filed a Tax Return in Years, Now What? Course.
2024 Real Estate Tax Laws And Rental Property Rules Part 1 will explain how to leverage the tax advantage for your client's real estate investments. It will help you understand the tax benefits and critical strategies for maximizing real estate and rental property returns.
2024 Real Estate Tax Laws And Rental Property Rules Part 2 focuses on home office deductions, depreciation, real estate professional status, comparing the Tax Court Method and IRS Method for rental properties, and more.
This package provides the updates you need to prepare for the 2024 tax season!
What is the benefit to me of participating in the Annual Filing Season Program (ASFP)?
- Your name will be included in the Directory of Federal Tax Return Preparers with Credentials and Select Qualifications that will be available January.
- You will have limited representation rights for returns you prepare and sign.
- You will be encouraged to remain current with changing tax laws.
- You will receive the AFSP – Record of Completion that shows clients and potential clients that you are a well-educated tax preparer who is dedicated to your chosen profession.
What is the deadline to complete the Annual Filing Season Program (ASFP)
The approved continuing education program must be completed within the calendar year to qualify for the 2023 filing season.
What is the future of this program?
The Annual Filing Season Program will be an interim step to help taxpayers and encourage education for unenrolled tax return preparers. The IRS continues to pursue legislative authority to mandate a continuing competency program. In the meantime the IRS will administer a uniform voluntary examination in future years in order to ensure basic return preparer competency.
What are the requirements to achieve Annual Filing Season Program Completion?
Completion of courses from an IRS approved required will satisfy the completion. The yearly requirements for 2020 and beyond for Non-Exempt status tax preparers is 18 hours. Which consists of a 6 hour Annual Federal Tax Refresher (AFTR), 10 hours of federal tax law and 2 hours of ethics. The yearly requirements 2016 and beyond for Exempt status tax preparers is 15 hours. Which consists of 10 hours of federal tax law, 3 hours of tax law updates, and 2 hours of ethics
Who may participate in the program?
Anyone with a PTIN is eligible to participate in the program. Enrolled Agents, CPA’s and RTRP’s have an exempt status that will reduce the number of hours required.
