Register before December 31, 2018

Webinar Registration will close automatically on December 31, 2018 4:00 PM PACIFIC STANDARD TIME.
This course includes online links for study materials (VIDEO) and the exam.
EXECUTIVE MEMBER PRICE MEMBER PRICE NON MEMBER PRICE
$139.00 $189.00 $239.00
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Webinar Registration will close automatically on December 31, 2018 4:00 PM PACIFIC STANDARD TIME.

The Annual Federal Tax Refresher Webinar Course will satisfy the 6-hour course and test requirement for the new voluntary Annual Filing Season Program. After taking the 6-hour course, successfully completing the exam, and other required continuing education courses in ethics and federal tax law, the participant will be able to receive the Record of Completion directly from the IRS upon renewal of the PTIN and attesting to be subject to the Circular 230

Available online and on demand! Sign up for the Webinar and then take the course as your time permits!

*Note: Each attendee will be required to take and pass the online exam before December 31, 2018, in order to fulfill the Annual Federal Tax Refresher Course requirement for the Annual Filing Season Program. The exam is timed and must be completed within 3 hours. Instructions for accessing the online exam will be provided during the course.

This course includes online links for study materials and the exam.


Refund Policy: Annual Federal Tax Refresher Webinar is a final purchase webinar, once purchased no refunds are allowed.

Instructor

Nina Tross

Annual Federal Tax Refresher Information

Annual Federal Tax Refresher Course Details

Annual Federal Tax Refresher Course

For Tax Professionals who want to receive the Record of Completion from the IRS, NSTP is now offering a course that will satisfy the 6-hour course and test requirement for the new voluntary Annual Filing Season Program (AFSP). Included are a series of practice test questions similar to those on the online exam. Fast Forward Academy developed the educational materials for this course.

After taking the 6-hour course, successfully completing the exam, and fulfilling the other required continuing education courses of two hours of ethics and ten hours of federal tax law, the participant will receive the Record of Completion directly from the IRS.

This course includes a review of basic individual tax preparation information needed to prepare 2018 returns and tackles some of the most challenging areas for preparers, such as determining entitlement to dependency exemptions for divorced and unmarried parents, the various methods of interest income reporting, and utilizing valuable education credits. Foreign account reporting is discussed, as is the problem of tax related identity theft. Practices, procedures, and professional responsibility requirements mandated by Circular 230 are covered to equip the practitioner with the relevant information needed to complete a successful 2018 filing season. The course content is provided in a lively fashion focusing on real-world solutions to common tax preparation problems and is replete with examples and illustrations demonstrating how to apply the relevant rules.

Upon completion of this course the reader will be able to:

Learning Objectives

  • Recognize the relevant changes affecting 2018 individual tax returns
  • Identify the applicable inflation adjustments and filing thresholds
  • Determine proper dependency exemptions for clients
  • Distinguish potential sources of taxable income and deductible expenses
  • Identify the rules of professional responsibility applicable to preparers

Field of Study: Tax
Course Level: Basic
Prerequisite: None
Delivery Method: Online Group/Internet-Based
CE:6 (upon completion of exam)

Expiration: In accordance with IRS policies, access to this course will terminate at the end of the year. Incomplete courses will no longer be accessible or reportable to the IRS beyond the end of the year deadline.

Note that Enrolled Agent's (EA's), while welcome to take the course, will not receive IRS continuing education credits.

IMPORTANT INFO

In order to fulfill the Annual Federal Tax Refresher requirement for the Record of Completion:

  • The online exam will need to be completed within seven days after attending this course.
  • The exam is timed and must be completed within 3 hours.
  • The test is a minimum of 100 questions and the passing score is 70%.
  • After successful completion of the exam, Fast Forward Academy will report your hours to the IRS.

How to take the online exam from Fast Forward Academy

  • Go to their home page, www.fastforwardacademy.com.
  • Click on "Login" in the top right hand corner and when prompted enter your e-mail address and then your zip code as the password.
  • Once logged in successfully you'll be brought to your "Springboard" with your available materials.
  • Click on the blue AFSP box in the middle of the page and it will expand to display your CPE Dashboard with your "Available Course List" directly in the middle of the page. Select the Annual Federal Tax Refresher and complete the exam.
  • Note that this is an "open book" exam so you may have the pdf of the course open as you answer the questions. If you have difficulty accessing your course, please contact Fast Forward Academy at 888-798-PASS (7277).

The program requires these elements to be completed for non-exempt preparers:

  • 18 hours of continuing education from an IRS-approved CE provider, as follows:
    • Annual Federal Tax Refresher course (6 CE)
    • Passing score of 70% on the Annual Federal Tax Refresher comprehension test
    • Federal Tax Law Topics (10 CE)
    • Ethics (2 CE)
  • Have a valid PTIN for the upcoming tax season
  • Consent to adhere to specific practice obligations in Circular 230
The IRS has designated certain tax preparers as exempt from the AFSP program. Those preparers include:
  • Anyone who passed the Registered Tax Return Preparer (RTRP) test administered by the IRS between November 2011 and January 2013.
  • Established state-based return preparer program participants currently with testing requirements.
  • SEE Part I Test-Passers: Tax practitioners who have passed the Special Enrollment Exam Part I within the past two years as of the first day of the upcoming filing season.
  • Other accredited tax-focused credential-holders: The Accreditation Council for Accountancy and Taxation’s Accredited Business Accountant/Advisor (ABA) and Accredited Tax Preparer (ATP) programs.
  • Successful VITA program reviewers and instructors.
If an exempt preparer wishes to participate in the AFSP program and receive a Record of Completion, the requirements are as follows:
  • Take fifteen (15) hours of continuing education from IRS-Approved CE Providers, including:
  • Federal Tax Law Topics (10 CE)
  • Federal Tax Update Topics (3 CE)
  • Ethics (2 CE)
  • Have a valid PTIN for the upcoming tax season
  • Once the requirements are met, the exempt preparer will receive a Record of Completion.