Stay ahead in the tax preparation industry with our Annual Federal Tax Refresher (AFTR) 2024 course. Each year, inflation-related adjustments and new tax laws significantly impact taxpayers’ income tax liability. Therefore, this comprehensive course covers these changes in detail. It ensures that tax preparers are well-equipped for the upcoming filing season.

Course Overview

Our AFTR course meets the requirements of the IRS Annual Filing Season Certificate program. It discusses the latest tax law updates, provides a general tax review, and examines important rules governing tax return preparer ethics, practices, and procedures. Moreover, the course includes an in-depth analysis of recent updates and critical changes in tax regulations.

Learning Objectives

Upon completing this course, tax return preparers will be able to:

• Apply inflation-adjusted limits to the proper preparation of taxpayers’ income tax returns.
• Recognize third-party network transaction reporting requirements.
• Describe the Direct File Pilot program.
• Understand the SECURE 2.0 Act requirements for designated Roth account catch-up contributions to employer-sponsored retirement plans.
• Explain changes in designated Roth account distributions brought about by the SECURE 2.0 Act.
• Identify the federal income tax filing statuses and the criteria for their use.
• Identify the types of income that must be recognized.
• Apply tax rules to various credits and adjustments to income available to taxpayers.
• Understand penalties that may be imposed on a preparer for failing to meet ethical and practice standards in preparing tax returns.
• Describe duties and restrictions imposed on tax preparers under Circular 230.

Course Benefits

Enrolling in the AFTR course offers numerous benefits. Firstly, it helps you stay updated with the latest tax laws and regulations. Additionally, it enhances your understanding of ethical practices and procedures essential for tax return preparation. This knowledge ensures that you provide accurate and compliant services to your clients. Consequently, you can build a reputation as a knowledgeable and reliable tax preparer.

Why Choose This Course

Choosing our AFTR course means you are investing in your professional growth. The course is designed by experts in the field of taxation, ensuring that you receive high-quality education. Furthermore, the self-study format allows you to learn at your own pace, making it convenient for busy professionals. Therefore, take this opportunity to enhance your skills and stay ahead in your career. Enroll in the Annual Federal Tax Refresher (AFTR) 2024 course today!

The AFTR course is a crucial resource for tax preparers. It helps them stay current with the latest tax laws and preparation techniques. By enrolling in this course, you will gain valuable insights into new tax regulations, ethical practices, and essential updates. Consequently, your tax preparation skills will enhance, and you will ensure compliance with IRS standards. Don’t miss this opportunity to advance your knowledge and stay ahead in your profession.

What Non-Exempt Preparers Must Know!

Those taking the AFTR course must understand the following:

• Open Book Course
• Score at least 70% to pass
• 3-hour time limit, no breaks allowed
• Only 3 attempts are allowed
• Must be passed by December 31 at midnight
• Successful completion of the course is reported to the IRS within 24 hours.