Our 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, common mistakes on tax returns, 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 Common Mistakes On Tax Returns And IRS Pitfalls (2 Credit Hours of Federal Tax Law)
- 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 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.
- 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.
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.
Avoid common tax return errors and navigate IRS pitfalls with the 2024 Common Mistakes On Tax Returns course and IRS Pitfalls presented by Doug Stives, CPA. He will guide you through enhancing your tax filing strategies and helping reduce audit risks.
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.
This package provides the updates you need to prepare for the 2024 tax season!
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The benefits for Annual Filing Season Program (AFSP) participants are:
- Your name is listed in the Federal Tax Return Preparers Directory on the IRS website with your Credentials and Select Qualifications, updated and 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 and potential clients that you are a well-educated tax preparer who understands and implements the tax law updates that occur each year.
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By choosing My Tax Courses Online for your IRS-approved Continuing Education, you are:
- You can access courses taught by top tax professionals, including Dr. Bart Basi, Roman Basi, Laci Henson, Doug Stives, and more.
- IRS-approved courses are updated each year, and new courses are continually added.
- On-demand videos and materials to access
- Fast reporting – We pride ourselves on submitting your approved CE credits directly to the IRS within 7 days.
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How do I participate in the Annual Filing Season Program (AFSP)
The Annual Filing Season Program (AFSP) recognizes non-credentialed tax return preparers who are looking to enhance their professionalism. To qualify, follow these steps:
- Continuing Education: Complete 18 hours of IRS-approved continuing education, including a six-hour federal tax law refresher course with a test. If you're exempt, complete 15 hours, including 3 hours of federal tax law updates.
- PTIN Renewal: Renew your Preparer Tax Identification Number (PTIN) for the next year.
- Consent to Circular 230: Agree to follow the rules in Circular 230.
Once you finish these steps, you'll get an "Annual Filing Season Program – Record of Completion" from the IRS.
CLICK HERE to see the IRS FAQ for further details.
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Do you need 15 hours (Exempt) or 18 hours (Non-Exempt) of Continuing Education?
Most people need 18 hours, which is Non-Exempt. You're Exempt if you fall under one of these top categories:
- Passed the Registered Tax Return Preparer Test between November 2011 and January 2013.
- Are in a state-based program with testing requirements (like Oregon, California, or Maryland).
- Passed SEE (Special Enrollment Exam) Part I in the last three years.
To see the complete list of exemptions, review the following IRS document. CLICK HERE.
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Here's a step-by-step guide to get an AFSP Record of Completion.
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Education Requirement: Complete 18 hours of continuing education from IRS-approved CE Providers, such as My Tax Courses Online, and includes the following requirements:
- Take a 6-hour Annual Federal Tax Refresher (AFTR) course from an IRS-approved provider like My Tax Courses Online. Pass the course's test.
- Complete 10 hours of additional training on federal tax law topics.
- Complete 2 hours of Ethics.
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Education Requirement: Exempt participants must complete 15 hours of continuing education from IRS-approved CE Providers, such as My Tax Courses Online, which includes the following requirements:
- Pass the 3-hour federal tax law update course.
- Complete 10 hours of extra training on federal tax law topics.
- Complete 2 hours of ethics training.
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Active PTIN: Make sure to renew your Preparer Tax Identification Number (PTIN).
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Compliance Consent: Agree to follow the rules in Circular 230.
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When and how will you receive your Record of Completion?
Your Record of Completion is issued to you once all requirements are completed, which includes renewing your Preparer Tax Identification Number (PTIN) for the upcoming year and agreeing to the rules in Circular 230.
- If you have an online PTIN account, you will receive an email from taxpros@ptin.irs.gov with instructions on how to sign the Circular 230 consent and access your certificate.
- If you need an online PTIN account, you will receive a letter with instructions on completing the application process and obtaining your certificate.
