The 2024 24-Hour Enrolled Agent Package is a comprehensive program that contains 24 hours of IRS-approved courses. It is designed to keep Enrolled Agents (EAs) at the forefront of tax law, ethics, and practical application. This package includes diverse courses covering the latest updates in federal tax law, essential ethical guidelines, and specialized topics such as estate and succession planning, real estate tax laws, IRS dispute resolution, and more. Each course is crafted by industry experts, providing EAs with the knowledge and tools to serve their clients and maintain compliance with evolving regulations effectively.
Learning Objectives:
- Implement the 2024 Federal Tax Law Changes
Apply the new tax brackets, standard deductions, and capital gains tax updates to client tax returns accurately and efficiently.
- Resolve IRS Disputes Effectively
Utilize advanced negotiation tactics to secure favorable installment agreements and offers in compromise for clients facing IRS disputes.
- Optimize Estate and Succession Plans
Develop and implement estate and succession plans that minimize tax liabilities and ensure smooth asset transitions for clients' heirs and businesses.
- Handle Non-Filer Cases Proactively
Develop strategies to manage and file overdue tax returns for clients who have not filed in years, including negotiating penalties and setting up installment plans.
- Maximize Real Estate Tax Benefits
Apply the rules of IRC Sections 168 and 179 to maximize depreciation benefits for clients with real estate investments, reducing their tax liabilities.
Courses Included in this package:
- 2024 Ethics Circular 230 (2 Credit Hours of Ethics, with English and Spanish, closed captioning)
- 2024 Federal Tax Law Updates (3 Credit Hours of Federal Tax Law Updates, with English and Spanish, closed captioning)
- 2024 Real Estate Tax Laws and Rental Property Rules Part 1 (2 Credit Hours of Federal Tax Law, with English and Spanish, closed captioning)
- 2024 Real Estate Tax Laws and Rental Property Rules Part 2 (2 Credit Hour of Federal Tax Law)
- 2024 Estate & Succession Tax Laws (2 Credit Hours of Federal Tax Law, with English and Spanish, closed captioning)
- 2024 Common Mistakes On Tax Returns And IRS Pitfalls (2 Credit Hours of Federal Tax Law, with English and Spanish, closed captioning)
- 2024 My Client Has Not Filed a Tax Return in Years, Now What? (2 Credit Hours of Federal Tax Law, with English and Spanish, closed captioning)
- 2024 IRS Dispute Resolution & Installment Agreements (2 Credit Hours of Federal Tax Law, with English and Spanish, closed captioning)
- 2024 What You Need to Know About Estate and Gift Planning – It's Not Just for the Wealthy (2 Credit Hours of Federal Tax Law)
- 2024 Mid-Year Wake-Up Call (2 Credit Hours of Federal Tax Law)
- 2024 Penalties, Fines, And Interest and How to Work with The IRS To Get Them Reduced And/Or Eliminated (1 Hour of Federal Tax Law)
- 2024 Business Entity Selection and Tax Implications (2 Credit Hours of Federal Tax Law)
What is the benefit of participating in the Annual Filing Season Program (AFSP)?
- Your name is listed in the Directory of Federal Tax Return Preparers with Credentials and Select Qualifications that will be available every January.
- You will have certain representation rights for the tax returns you prepare and sign.
- You are dedicated to remaining current with changing tax laws.
- You will receive the AFSP – Record of Completion that proves to your current clients and potential clients that you are a well-educated tax preparer who understands and implements the tax law updates that occur each year.
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 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 provider, like My Tax Courses Online, will satisfy the completion.
- The yearly requirement for Exempt status tax preparers is 15 hours. This consists of 10 hours of federal tax law continuing education credits, 3 hours of tax law updates, and 2 hours of ethics.
- The yearly requirement for Non-Exempt status tax preparers is 18 hours. This consists of a 6-hour Annual Federal Tax Refresher (AFTR) course and test, 10 hours of federal tax law continuing education credits, and 2 hours of ethics credits.
- For more information, please view the following IRS document. CLICK HERE.
Who may participate in the program?
- Anyone with a preparer tax identification number (PTIN) is eligible to participate in the Annual Filing Season Program Record of Completion program.
- Enrolled Agents, CPAs, and RTRPs have an exempt status that will reduce the number of hours required.
- CLICK HERE to see the IRS FAQ for further details.
