This comprehensive course package includes over 75 hours of CTEC-approved video instruction from experts in the tax world, including Dr. Bart Basi, Roman Basi, Doug Stives, and Lacie Henson. The course is divided into the following sections:
- Ethics
- Federal Tax Law Updates
- Federal Tax Law-related Topics
- CTEC California-specific course
The Ethics section covers the Circular 230 rules that govern tax preparers. The Federal Tax Law Updates section covers the latest changes to the tax code, including the Tax Cuts and Jobs Act. The Federal Tax Law, Related Topics section covers topics such as business entity selection, tax advantages of real estate, common mistakes on tax returns, estate planning, 2023 tax outlook, hot topics, and the latest on credits and deductions. The CTEC California-specific course covers California conformity and other issues, California individual tax update, California business tax update, California employment tax basics, and California employment status and concerns.
This course is perfect for tax professionals who want to stay up to date on the latest tax laws and regulations.
Learning objectives include:
- Identify the tax credits and deductions that may be available for your clients.
- Determine whether a client is an employee or an independent contractor.
- Understand the 1099-K and how it affects their business.
- The importance of estate tax returns and gift tax returns.
- Identify how the different types of bankruptcy may affect your clients.
- Understand digital assets and how they are taxed.
- Understand the Clean Vehicle Credit and who is eligible for it.
- Learn about the latest updates on S Corp and payroll taxes.
- Understand the latest tax law changes in California.
- Learn about California conformity and other issues.
Courses Included in this package:
- CA Conformity and Other Issues (1 Credit Hour)
- CA Indivdual Tax Update (1 Credit Hour)
- CA Business Tax Update (1 Credit Hour)
- CA Employment Tax Basics (1 Credit Hour)
- CA Employment Status and Concerns (1 Credit Hour)
- 2023 Federal Tax Law Updates (3 Credit Hours of Federal Tax Law Updates, with English and Spanish, closed captioning)
- 2023 HSA, HRA, FSA, and more year-end tax strategies (2 Credit Hours of Federal Tax Law, with English and Spanish, closed captioning)
- 2023 Estate Planning (2 Credit Hours of Federal Tax Law, with English and Spanish, closed captioning)
- 2023 How to… report IRD & GST Part I: Income in Respect of Decedent (2 Credit Hours of Federal Tax Law, with English and Spanish, closed captioning)
- 2023 How to… report IRD & GST Part II: The Generation-skipping Tax (2 Credit Hours of Federal Tax Law, with English and Spanish, closed captioning)
- 2023 The Top 15 Reasons Why People Run Out of Money in Retirement (1 Credit Hour of Federal Tax Law, with English and Spanish, closed captioning)
- 2023 Tax Laws: What Will Congress Do Next? (1 Credit Hour of Federal Tax Law, with English and Spanish, closed captioning)
- 2023 Deductions And Credits - A Review And Analysis (2 Credit Hours of Federal Tax Law with English and Spanish, closed captioning)
- 2023: How To… Value Assets For Tax Purposes (2 Credit Hours of Federal Tax Law, with English and Spanish, closed captioning)
- 2023 Entity Selection for Small Businesses Which One is Best? (1 Credit Hour of Federal Tax Law, with English and Spanish, closed captioning)
- 2023 Mid-Year Update And Wake-Up Call (2 Credit Hours of Federal Tax Law, with English and Spanish, closed captioning)
- 2023 The Importance of Client Engagement Agreements (2 Credit Hours of Federal Tax Law, with English and Spanish, closed captioning)
- 2023 Ethics Circular 230 (2 Credit Hours of Ethics, with English and Spanish, closed captioning)
- 2023 The Latest on Credit and Deductions (1 Credit Hour of Federal Tax Law, with English and Spanish, closed captioning)
- 2023 Form 1040 or 1040-NR – Which form do you file? Part 1 (2 Credit Hours of Federal Tax Law with English and Spanish, closed captioning)
- 2023 Form 1040 or 1040-NR – Which form do you file? Part 2 (2 Credit Hours of Federal Tax Law)
- 2023 Common Mistakes and Missed Opportunities on Tax Returns (1 Credit Hour of Federal Tax Law, with English and Spanish, closed captioning)
- 2023 Understanding Critical Forms, Schedules, Credits, and Deductions (2 Credit Hours of Federal Tax Law, with English and Spanish, closed captioning)
- 2023 Evolving Retirement Law with Secure Act 2.0 (1 Credit Hour of Federal Tax Law, with English and Spanish, closed captioning)
- 2023 Common Questions and Tax Updates (1 Credit Hour of Federal Tax Law, with English and Spanish, closed captioning)
- 2023 Tax Outlook and Hot Topics (2 Credit Hours of Federal Tax Law, with English and Spanish, closed captioning)
- 2023 Entity Selection and Real Estate Taxation (2 Credit Hours of Federal Tax Law, with English and Spanish, closed captioning)
- 2022 *Ethics Circular 230 (2 Credit hours of Ethics)
- 2022 *Federal Tax Law Updates - (3 Credit Hours of Federal Tax Law Updates)
- 2022 Mid-Year 1040 Update (2 Credit Hours of Federal Tax Law)
- 2022 Tax Issues for American Expatriates (2 Hours of Federal Tax Law)
- 2022 Real Estate Tax Update (1 Credit Hour of Federal Tax Law)
- 2022 Common Mistakes, Missed Opportunities and Misunderstandings On Tax Returns
- 2022 Tax Issues for US Citizens Living & Working Abroad
- 2022 Reducing Liability with Client Engagement Agreements (2 Credit Hours of Federal Tax Law)
- 2022 US Tax Issues for Immigrants and Aliens (2 Credit Hours of Federal Tax Law)
- 2022 IRS Dispute Resolution and the Opportunity Zone Tax Credit (2 Credit Hours of Federal Tax Law)
- 2022 Common Tax Preparation Questions (1 Credit Hour of Federal Tax Law)
- 2022 Tax Forms, Schedules, Deductions and Credits (2 Credit Hours of Federal Tax Law)
- 2022 Understanding the Child Tax and Education Credits (2 Credit Hours of Federal Tax Law)
- 2022 Community Property Issues for Taxpayers On-the-go ( 2 Credit hours of Federal Tax Law)
- 2022 Form 709 The Gift Tax Return (2 Credit Hours of Federal Tax Law)
- 2021 Ethics Circular 230 (2 Credit hours of Ethics)
- 2021 Federal Tax Law Updates (3 Hours Federal Tax Law Updates)
- 2021 Common Tax Questions on Divorce, Bankruptcy and Retirement (1 Credit hour of Federal Tax Law)
- 2021 A Client hasn't filed a tax return in years and comes to you, now what? (1 Credit Hour of Federal Tax Law)
- 2021 Stretching the Dollar Today for Tomorrow’s Tax Return Taking Advantage (2 Credit Hour of Federal Tax Law)
- 2021 Tax Planning for Insolvency and the Discharge of Indebtedness (1 Credit Hour of Federal Tax Law)
- 2021 Tax Law Changes and How it Can Affect your Estate/Succession Planning (1 Credit Hour of Federal Tax Law)
- 2021 The Tax Outlook for 2021: A Post Election Evaluation (1 Credit Hour of Federal Tax Law Updates)
- 2021 Tax Season Primer: Forms, Deductions and other common issues (2 Credit Hours of Federal Tax Law)
- 2021 Getting Safely Home in Retirement – Overcoming 8 Risks Facing Your Clients Retirement (1 Credit Hour of Federal Tax Law)
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 calander year to qualify for the 2016 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 2016 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.
