2021 Annual Federal Tax Refresher Course

Jason Dinesen, EA, LPA

Dinesen Tax & Accounting, P.C.

  • AFSP

Before starting this self study program, please go through the instructional document.

Overview

  • The Secure Act of 2019
  • Schedule D and Form 8959: Overview of capital gains and losses
  • Tax Credit Eligibility
  • Safeguarding taxpayer data
  • E - File requirements

Course Description

Each year, various limits affecting income tax return preparation and tax planning are affected by inflation-related changes. In addition, new tax laws come into being that may significantly affect taxpayers’ income tax liability. This course will examine many of those changes. The Annual Federal Tax Refresher (AFTR) course is a 6-hour course accompanied by 100 question, comprehension exam. It was first introduced by the IRS in 2015 as part of the Annual Filing Season Program (AFSP), which is intended to recognize tax return preparers who voluntarily enhance their knowledge and improve their competency through continuing education.

This 2021 Annual Federal Tax Refresher course is designed to meet the requirements of the IRS Annual Filing Season Certificate program. It discusses new tax law and recent updates for the upcoming filing season, provides a general tax review, and examines important rules governing tax return preparer ethics, practices and procedures.

Learning Objectives

  • To identify the principal individual income tax changes brought about by the Tax Cuts and Jobs Act of 2017.
  • To recognize the federal income tax filing statuses.
  • To identify the application of the tax rules to the various credits and adjustments to income that are available to taxpayers
  • To recognize the penalties that may be imposed on a preparer for failing to meet ethical and practice standards in preparing tax returns
  • To identify the duties and restrictions imposed on tax preparers under Circular 230

Who Should Attend?

  • Tax Practitioners
  • Tax Preparer
  • Tax Pros