Overview
-
Introduction to the Course
1 mins
-
Domain 1 - New Tax Law/Recent Updates
2 mins
-
Domain 2 - Covering topics 2.1 - 2.8
34 mins
-
Domain 3 - Covering Topics 3.1 - 3.7
250 mins
-
What may an unenrolled return preparer not do?
300 mins
Course Description
This AFTR course is a high-level, basic 1040 “refresher” course focusing on tax law and preparing 2025 individual tax returns. The 6-hour Annual Federal Tax Refresher (AFTR) Course includes 3 hours of exams containing 100 questions, which were first introduced by the IRS in 2015 as a part of the Annual Filing Season Program. This course is necessary for non-credentialed tax preparers (preparers that are not CPAs, EAs, CFPs, and Attorneys) who want to obtain the IRS Annual Filling Season Program (AFSP) - Record of Completion.
It has been designed to encourage non-credentialed tax preparers to be aware of the latest legislation changes regarding tax law. This 2024 Annual Federal Tax Refresher course is designed to meet the IRS Annual Filing Season Certificate program requirements. It discusses new tax laws 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 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 administered over three hours must be completed before the 31st of December 2024 in preparation for the 2025 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 their professional careers. 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).
Please note that Enrolled Agents can take the AFTR course but cannot receive IRS CE Credits for the course. Please refer to the provided link for more information on professionals eligible to take the AFTR Course.
Exam Instructions
You will get a total of 4 chances, to clear the exam. After that, you cannot 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 be 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.
Elevate Your Tax Expertise with myCPE Exclusive Packages! Don't miss this opportunity to enhance your tax expertise! ENROLL NOW
|
Learning Objectives
- Discuss how to apply the inflation-adjusted and other limits to the proper preparation of taxpayers’ income tax returns.
- Identify the types of income that must be recognized.
- Identify the principal individual income tax changes brought about by recent legislation.
- Recognize the federal income tax filing statuses and the criteria for their use.
- Describe the current status of tax extenders.
- Know how to apply the tax rules to the various credits and income adjustments available to taxpayers.
- Recognize the penalties that may be imposed on a preparer for failing to meet ethical and practice standards in preparing tax returns with the consequences of not following them
- Review the duties and restrictions imposed on tax preparers under Circular 230 and Schedule C.
MY-CPE offers a comprehensive AFTR course for tax professionals looking to stay current with tax laws and regulations. Our annual federal tax refresher (AFTR) course is designed to meet IRS requirements, ensuring you stay compliant and knowledgeable. Take the IRS AFTR course online through our user-friendly platform, featuring expert-led content that simplifies complex tax topics. Enhance your professional development with MY-CPE’s trusted and convenient courses. Our seamless navigation and focused curriculum make it easy to fulfill your continuing education needs. Choose MY-CPE for your AFTR course and advance your tax career.