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2022 Annual Federal Tax Refresher Course

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Jason Dinesen, EA, LPA

Dinesen Tax & Accounting, P.C.

  • AFSP

Published: July, 2021

Overview

  • Introduction to the Course
  • Domain 1 – New Tax Law/Recent Updates (cont.)
  • Domain 2 – General Income Tax Review
  • Domain 2 – General Income Tax Review (cont.)
  • Domain 3 – Practices, Procedures & Professional Responsibility

Course Description

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. You will get total 4 chances, to clear the exam. After attempting 2 times, you need register again and you would be eligible to attend the exam 2 more times. After that, you can not register or attempt an exam again.

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 further details.

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

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 tax 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.

Who Should Attend?

  • Annual Filing Season Program

Testimonial

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