These continuing education courses are essential to maintaining your enrolled agent credentials. This IRS-approved 16-hour Package consists of detailed courses covering new tax laws for 2024, ethics, dispute resolutions, estate planning, and more. Each course is structured to provide in-depth knowledge and actionable strategies, ensuring Enrolled Agents are well-prepared to address complex tax scenarios confidently. These courses have English and Spanish closed captioning, ensuring maximum accessibility.
The learning objectives for this course are:
- Gain up-to-date knowledge of the latest tax laws and regulations for 2024.
- Understand and apply ethical standards in tax practice as per Circular 230.
- Avoid common tax return mistakes and understand the IRS's audit process and efficiency challenges.
- Effectively resolve IRS disputes and navigate the intricacies of installment agreements and offers in compromise.
- Advise on estate and succession planning to optimize clients' financial outcomes.
- 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.
- Identify critical filing deadlines for various tax forms, including personal, business, and estate tax returns, and learn the implications of missing these deadlines.
- Understand the limits and benefits of IRA contributions, the implications of gift taxes, and strategies for maximizing deductions across various categories.
- Learn about the tax treatment of dividends, the importance of cost basis for gifted and inherited stocks, and strategies for property sale gains.
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)
- 2024 User Submitted Questions (1 Credit Hour of Federal Tax Law)
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.
The 2024 User Submitted Questions Course was crafted with input directly from your peers. It answers the most pressing questions of the year and equips you with real-life examples to confidently provide insights on navigating complex tax scenarios.
The 2024 Real Estate Tax Laws and Rental Property Rules, Part 1, focuses on home office deductions, depreciation, real estate professional status, comparing the Tax Court Method and IRS Method for rental properties, and more.
The 2024 Real Estate Tax Laws and Rental Property Rules, Part 2, uncovers the often misunderstood tax benefits and critical strategies for maximizing real estate and rental property returns.
Ensure you have the latest information to help your clients and meet your Enrolled Agent Credential requirements. Sign up for this Continuing Education Package today!
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 to ensure basic return preparer competency.
What are the requirements for the Annual Filing Season Program Record of 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.
