Annual Federal Tax Refresher (AFTR) 6 Hours
*Note: the AFTR course requires a 100-question exam with a passing score of 70%. You must complete the Exam in one continuous sitting with a 3-hour time limit.
This 6-hour IRS-approved online video course follows the IRS course outline and test parameters for the Annual Federal Tax Refresher (AFTR) Course and Test. This course follows the three domains precisely to ensure all topics and domains in the AFTR are thoroughly covered. Presented by CPA, Attorney, and Professional Tax Speaker - Dr. Bart Basi along with CPA and Attorney Roman Basi - this Annual Federal Tax Refresher will help you master the intricacies of federal tax regulations. You can learn about recent updates, including annual inflation adjustments, new standard mileage rates, and changes in filing status. Gain expertise in general tax review, retirement income reporting, deductions, credits, and more. You can add to your professional responsibility with insights on tax-related identity theft, data safeguarding, and preparer penalties. This course fulfills the Annual Federal Tax Refresher (AFTR) requirement and provides a solid foundation for tax practitioners. Enroll today and stay up-to-date with the ever-evolving tax landscape. This course will satisfy the AFTR requirement for all non-exempt preparers.
This course must be completed by December 31st, 2023, to receive AFTR credit towards your Record of Completion.
Learning Objectives:
By the end of this course, participants will be able to:
- Identify the latest changes to federal tax law
- Apply the latest changes to federal tax law to prepare tax returns
- Understand general tax concepts
- Follow practices, procedures, and professional responsibility standards
Topics Covered:
- Domain 1 - New Tax Lax/Recent Updates
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Domain #1 covers New Tax Laws/Recent Updates, including cost-of-living adjustments, standard mileage rates, Third Party Network Transactions (Form 1099-K), energy-efficient home improvement credit, clean vehicle credits, and more.
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- Domain 2 - General Review
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Domain #2 is a general review, including taxability of earnings, Schedule B, reporting and taxability of retirement income, record-keeping requirements, itemized deductions, tax credit eligibility, and more.
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- Domain 3 - Practice, Procedures, and Professional Responsibility
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Domain #3 focuses on Practices, Procedures, and Professional Responsibility, including Tax-related identity theft, safeguarding taxpayer data, preparer penalties, E-filing requirements, the Annual Filing Season Program Requirements, and more.
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Included in this program:
- 6 Hours Annual Federal Tax Refresher (AFTR), with English and Spanish, closed captioning
- Immediate access to the program soon as you purchase
- An email will be sent to you with instructions on how to access your program
- The program is split up into 50-minute video segments
- We report your hours of completion to the IRS
*Note: the AFTR course requires a 100-question exam with a passing score of 70%. You must complete the Exam in one continuous sitting with a 3-hour time limit.
AFTR course and exam must be completed in their entirety by December 31st, 2023 to receive AFTR credit in your PTIN Account.
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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.
