(X) On-Demand - Annual Federal Tax Refresher Course
This 6-hour AFTR course provides a comprehensive review of the Tax Cuts and Jobs Act passed by Congress on December 22, 2017. Stay ahead of the curve in a competitive tax preparation environment with this course covering all of the essential developments impacting individual tax returns during the upcoming 2020 filing season. This course also includes a review of basic individual tax preparation information needed to prepare 2020 returns. 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 2020 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:
Identify the major provisions of the TCJA affecting individual tax returns Recognize the relevant changes affecting 2020 individual tax returns Identify the applicable inflation adjustments and thresholds affecting 2020 individual tax returns Distinguish potential sources of taxable income and deductible expenses Identify the rules of professional responsibility applicable to preparers and preparer penalties