MYCPE ONE

2022 Annual Federal Tax Refresher Course 6 Credits 6 Credits

2022 Annual Federal Tax Refresher Course 6 Credits 6 Credits

  • Paul Winn

    CLU, ChFC

  • Rating

    4.5

  • Reviewed on

    November, 2023

    Reviewed on

    November, 2023

  • Subject Area

    Taxes

Learning mode

E-Book
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate

Access to this course is included with a MYCPE ONE subscription.

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AI Review Summary

Generated by AI based on all course reviews

Learning Objectives

  • To identify the principal individual income tax changes brought about by recent legislation;
  • To apply the inflation-adjusted and other limits to the proper preparation of taxpayers’ income tax returns;
  • To recognize the federal income taax filing statuses and the criteria for their use;
  • To describe the current status of tax extenders;
  • To identify the types of income that must be recognized;
  • To apply 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; and
  • To identify the duties and restrictions imposed on tax preparers under Circular 230.

Course Overview

This AFTR course is a high-level, basic 1040 “refresher” course focusing on tax law pertaining to the preparation of 2021 individual tax returns. The 6-hour Annual Federal Tax Refresher (AFTR) Course includes 3-hours of exam containing 100 questions which was first introduced by IRS in 2015 as a part of the Annual Filling Season Program. This course is necessary for non-credentialed tax preparers (preparers that are not CPAs, EAs, CFPs, and Attorneys) that wants to obtain IRS Annual Filling Season Program (AFSP) - Record of Completion.

It has been designed to encourage non-credentialed tax preparers and to be aware about the latest legislation changes regarding tax law. This 2022 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.

This AFTR Course must be taken together with the test in order to earn the IRS Record of Completion. It will be an open book exam so you can access the reference material while attending the 3-hour exam. All topics in each of the three domains highlighted in the ‘Annual Federal Tax Refresher Course Outline’ document have been tested. 

To qualify, the 100 question test that is administered over three hours has to be completed before the 31st of December 2021 in preparation for the 2022 financial year. Once this 6-hour AFTR course is completed, attendees will be issued a Record of Completion that they can display and use to differentiate themselves in the professional career. If we talk about representation rights, unenrolled return preparers with a valid PTIN and who hold a record of completion for BOTH the tax return year under examination and the year the examination is conducted may represent under the following conditions: Unenrolled return preparers with the necessary record(s) of completion may represent tax-payers only before revenue agents, customer service representatives, or similar officers and employees of the Internal Revenue Service (including the Taxpayer Advocate Service).

You can complete your AFSP Continuing education requirements by registering for the AFSP Package (including 6-hour AFTR Course 2022) on MY-CPE portal. You can also visit IRS Website for more information on IRS AFSP exempt/non-exempt table to know who is exempt or non exempt from taking the AFTR Course.

Please note that Enrolled Agents can take AFTR course but cannot receive IRS CE Credits for the course.

Exam Instructions

  • You will get total 4 chances, to clear the exam. After that, you can not register or attempt an exam again.
  • Please note that if the timer runs out and you have not clicked on Submit button, then your attempt will be counted but you will not able to receive the score for the exam.
  • During an exam, if an attendee closes the browser window, then your exam progress will not be saved and you have to start the exam again.

On Demand Credits for All Qualifications

License details Credits Status
Taxes for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-A-00663-21-S) 6 CE Approved
License details Credits Status
Taxes for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-A-00663-21-S) 6 CE Approved

Additional Information

Credits

6

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

About Author

Paul Winn

Paul Winn CLU, ChFC

Trainee, Winn Publications

  • 4.5
  • rating
  • rating
  • rating
  • rating
  • rating

Paul J. Winn, CLU, ChFC has over thirty years experience in the life insurance and investment industry. As well as fifteen years as a financial writer, editor, and trainer. Paul has worked for Mutual Life Insurance Company of New York, Security Mutual Life Insurance Company, Principal Financial Group, and the Maryland Financial Corporation. Paul is a Published book author, writer & editor of major mutual life insurance company’s agent-training “university”, and the creator of more than 100 training courses in computer-based training, print and scripted classroom formats.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses accepted by NASBA and other professional organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent (64%)

Very Good (28%)

Average (7%)

Poor (1%)

Terrible

BMH

Barbara M Hill, AFSP

5

I have a great experience with the program, it really covers all the important materials that need to be known as a tax preparer. I am very satisfied with the course, and I will take the requirements courses for next tax season. Thank you.

MB

Michael Boyle, AFSP

5

The instructor was very effective and a real plus. The course was a great update and overview of changes to essential information for tax preparers. The handout will serve as a handy reference source.

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2023 AFTR Course

Inclusions

  • Multiple Credits

    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting

    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

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    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

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