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Course Details

2018 Annual Federal Tax Refresher (IRS AFTR) (Course Id 1223)

NewEA / Return Preparer 50.00% Discount!!!  Add to Cart 
Author : Paul Winn, CLU, ChFC
Status : Production
CPE Credits : 6.0
IRS Credits : 6
Price : $59.95
Passing Score : 70%
Primary Subject-Field Of Study:

Taxes - Taxation for Course Id 1223

Description :

Each year, various limits affecting income tax return preparation and tax planning may be affected by inflation-related changes. In addition, new tax laws come into being that may significantly affect taxpayers' income tax liability. This course will examine many of those changes.

The 2018 Annual Federal Tax Refresher course is designed to meet the requirements of the IRS Annual Filing Season program. It discusses new tax law 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.

The term "domain" is used in place of the more common "chapter" to more closely follow the language of the IRS Annual Federal Tax Refresher course outline.

Usage Rank : 0
Release : 2018
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 22-May-2017
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

IRS Enrolled Agents - Registered Tax Return Preparers - 1223

Keywords : Taxes, 2018, Annual, Federal, Tax, Refresher, IRS-AFTR, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

Upon completion of this course, a tax return preparer should be able to:
  • Apply the inflation-adjusted and other limits to the proper preparation of taxpayers' income tax returns;
  • Calculate taxpayers' additional tax liability resulting from any individual shared responsibility payment;
  • Recognize the federal income tax filing statuses and the criteria for their use;
  • Identify the types of income that must be recognized;
  • Apply the tax rules to the various credits and adjustments to income 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; and
  • Identify the duties and restrictions imposed on tax preparers under Circular 230.

Domain 1
New Tax Law/Recent Updates

When you have completed the domain 1 text, you should be able to:
  • Identify the 2017 standard deductions, exemptions, tax filing thresholds, itemized deduction phaseout amounts and preparer penalties for violation of IRC §6695;
  • List the individual tax extenders that are permanent and temporary under the PATH Act of 2015; and
  • Recognize the federal income tax return due dates and the extensions of time available for filing.

Domain 2
General Income Tax Review

When you have completed the domain 2 text, you should be able to:
  • List the five federal income tax filing statuses and the conditions applicable to their use;
  • Compute the tax penalties imposed on non-exempt taxpayers failing to maintain minimum essential health insurance benefits;
  • Identify the types of income that are taxable;
  • Calculate the amount of adjustments to a taxpayer's income for student loan interest;
  • Recognize the tax credits that may be available to a taxpayer; and
  • Identify the options available to a taxpayer to pay any tax due or obtain a tax refund.

Domain 3
Ethics, Practices & Procedures

When you have completed the domain 3 text, you should be able to:
  • Recognize the penalties applicable to a tax return preparer's negligent or intentional disregard of rules and regulations;
  • Apply the rules related to negotiating client refunds;
  • Identify the due diligence requirements imposed on tax return preparers;
  • Understand the e-file requirements; and
  • Recognize the requirements related to signing and furnishing identifying numbers on client returns and the penalties for failing to do so.
Course Contents :

Taxes Course 1223 Home: https://www.cpethink.com/tax-cpa-courses
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