IRS Annual Federal Tax Refresher Course - (AFTR-20) - 6 Hours

Regular price $ 39.00

Delivery Method: Self-Study

Learning Objective: After completing this course, and subsequently passing the timed (3-hr) final examination the student will have completed the IRS annual refresher course and competency exam portion of the requirements to qualify for a “Record of Completion” under the IRS voluntary program. To complete the requirements for the IRS program you must also complete 2-hours of ethics and an additional 10-hours of federal tax subjects and have a valid PTIN for the 2020 season. Once all requirements have completed the IRS will notify the practitioner to retrieve their “Record of Completion” from their PTIN account. 

Hours: 6-hrs (Federal Tax Refresher Course (AFTR))
Publication Date: 06/15/2019
Level: Basic
Author: Lee T. Reams, Sr. 
Prerequisites: None

Final Exam Grading Policy: This course is specifically designed to meet the IRS Annual Federal Tax Update Course (AFTR) requirement. The IRS requires this course to be completed no later than December 31, 2019. The final examination is a 3-hour timed exam that requires a score of 70% or better to pass. Should you fail the exam, you can retake it 3 times. The completion certificate will be automatically generated by the system when the test is passed. There are no refunds for this course.

Accreditation: IRS

For the 2019 filing season, the continuing education requirements for a non-exempt tax preparer are:

  • 6-Hours IRS Annual Federal Tax Refresher Course 
  • 2-hours Ethics
  • 10-hours Federal Tax Subjects

Note: Exempt tax preparers are not required to take this course, but are required complete 3 hours of Federal Tax Update, 10 hours of Federal Tax Subjects and 2 hours of Ethics education annually.

ClientWhys offers a bundled package of CE for both exempt and non-exempt tax preparers.  Click here for information on who is exempt, why you should participate in the program and the process for obtaining a record of completion.

IRS Required Subject Matter Included In the 6-hour AFTR Course Includes:

Annual Inflation Adjustments
Current Status of Extenders
Alimony Under Post 2018 Agreements
Affordable Care Act Changes
Filing & Extension Due Dates (individuals)
Identity Theft
Individual Taxpayer Identification Number (ITIN)
Claiming Someone As A Dependent
Taxability of Wages, Salaries, Tips, Other Earnings
Dividend Income
Interest Income
Sales Tax & State Tax Refund
Schedule B Part III Foreign Accounts & Trusts
Foreign Account Reporting Requirements (FBAR)
Self-Employment Income
Business as a Hobby
Business Entertainment Expenses
Business Depreciation and Expensing
Taxability of Social Security Benefits
Taxable Distributions From IRAs, Pensions & Annuities
Capital Gains and Losses
State and local tax deduction ($10,000 married/$5,000 married filing separate)
Home mortgage interest and home equity loans
Charitable contributions
Disaster Losses
Child Tax Credit
Child & Dependent Care Credit
Education Credits
Alternative Minimum Tax (AMT)
20% deduction for a pass-through qualified trade or business
Kiddie Tax modifications
Section 529 Plan changes
ABLE accounts
Cancellation of Student Debt
Net operating loss (NOL)
Employee Fringe Benefits
Depreciation of Rental Property