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:
- 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
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.