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For all Annual Filing Season Program (AFSP) professionals, now is the right time to obtain your certification and help you leap forward in your career. By taking Continuing Education (CE), tax preparers (excluding CPAs/ EAs/ Attorneys) are better positioned to work in the tax preparing industry. You will become eligible for a Record of Completion (RoC) certificate, which will help you gain new clients and achieve better recognition.
Although not compulsory, CE is encouraged for all tax return preparers. This course also offers many advantages that will give you an edge over your competitors. Thus, it is highly recommended you take up this program and acquire the RoC.
This program has been primarily made to identify and promote the non-credentialed tax return preparers to enhance their knowledge and develop their filing season competence via continuing education. It is noteworthy to understand that, this program is not meant for credentialed tax preparers like tax attorneys, enrolled agents, enrolled retirement plan agents or enrolled actuaries as they already have a high- level of qualifications.
With the end of previous financial time, now is the time to take up the 2024 Annual Filing Season Program (AFSP) renewal and complete the 2024 Annual Federal Tax Refresher (AFTR). It will boost your professional expertise. It offers several other attractive benefits, such as:
In order to receive RoC, tax preparers are required to get 18 hours of continuing education from the platform as approved by IRS. These hours must include 6 hours of the Annual Federal Tax Refresher Course which is also known as AFTR Course that covers the latest tax updates along with filing issues. This AFTR Course includes a test which is conducted at the conclusion of the course by approved CE Providers.
If the tax preparer has passed the test from the recognized state or national body then he is exempted from the AFTR course. However, he still needs to complete 15 hours of continuing education requirements.
Apart from meeting the CE requirements, the tax preparers are required to renew their Preparer Tax Identification Number (PTIN) for the next year and provide their consent to the obligation specified in Circular 230.
my-CPE offers you a wide variety of IRS-approved courses for tax professionals to meet CPE/ CE requirements. You can opt for a live webinar by leading educators in the field. However, if you wish to go at your own pace, then there are numerous courses in self-study (on-demand) format which you can follow at your own convenience. Furthermore, instead of looking for each course, you can also go for an AFSP Package that will cover all your credit needs in just one go! You will also get an instant certificate at the end. All the courses are certified by the IRS. My-CPE also offers free ethics courses for all tax, finance, and accounting professionals.
The Authors, Allen Smith is a Practicing Certified public accountant and senior vice president at myCPE – Continuing Education Platform for Professionals. He understands the current needs of the education domain and strategies for the presenters to adapt the new changes.