As an approved California Tax Education Council (CTEC) tax education provider, we offer a CTEC-approved 15-hour course package for tax preparers. Our courses are led by top industry leaders renowned for their expertise in tax law, including Dr. Bart Basi, Roman Basi, and Doug Stives. With their guidance, you can confidently stay on top of tax changes and navigate complex tax scenarios. We cover all significant changes and topics, including federal tax law updates, real estate tax laws, rental property rules, IRS dispute resolution, and Estate and Succession Tax Laws.
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.
Included Course Modules:
- 2024 Ethics Circular 230 (2 Hours): Delve into ethical practices, conflict of interest, and responsibilities with practical case studies.
- 2024 Federal Tax Law Updates (3 Hours): Learn about the latest changes in tax laws, including new tax brackets, credits, and deductions.
- 2024 My Client Has Not Filed a Tax Return in Years, Now What? (2 Hours): Explore strategies for dealing with clients who are behind on their tax filings.
- 2024 IRS Dispute Resolution & Installment Agreements (2 Hours): Acquire skills in resolving IRS disputes.
- 2024 Real Estate Tax Laws and Rental Property Part 1 (2 Hours): Understand tax benefits and strategies for real estate and rental properties.
- 2024 Real Estate Tax Laws and Rental Property Part 2 (2 Hours): This focuses on home office deductions, depreciation, real estate professional status, comparing the Tax Court Method and IRS Method for rental properties, and more.
- 2024 Estate and Succession Tax Laws (2 Hours): Navigate the complexities of estate planning, including trusts and tax-efficient asset transfers.
Learning Objectives:
- Understand and apply new estate and succession laws.
- Implement strategies for IRS negotiation and resolving client non-compliance.
- Maximize tax benefits for real estate and rental properties.
- Stay current with federal tax law adjustments and apply them effectively.
- Maintain adherence to ethics standards.
- Effectively resolve IRS disputes with a comprehensive understanding of related procedures.
This course ensures you are well-prepared for the 2024 tax season, fully updated on the latest statutes, and equipped with actionable strategies for complex tax situations.
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 2021 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.
