18-hour AFTR Tax Preparer Package

This package satisfies the full continuing education requirement to be eligible for the IRS Annual Filing Season Program Record of Completion for PTIN holders who are required to complete the 6-hour AFTR course. It includes courses listed below, which satisfy the following categories:

• Annual Federal Tax Refresher - 6 hours
• Federal Tax Law - 10 hours
• Ethics - 2 hours

All course materials are provided as PDF files that can be downloaded from your account immediately after purchase, exams are administered online and are accessed by logging in to your account. The IRS requires a passing score of 70% for each course.

Sequoia CPE is an IRS Approved Continuing Education Provider, our provider ID is XE26W.

Purchase - $79.50

All AFSP courses were required to be completed by 12/31. Courses for next year will be available Summer 2023.

See Am I Exempt? if you are unsure whether this is the correct package for your requirements.

2022 Annual Federal Tax Refresher

	Satisfies 2023 AFSP AFTR requirement Each year, various limits affecting income tax return preparation and tax planning are affected by inflation-related changes. In addition, various laws passed to address the financial consequences of the coronavirus pandemic significantly affect tax planning and may also affect taxpayers’ income tax liability. This course will examine many of those changes. The Annual Federal Tax Refresher course is designed to meet the requirements of the IRS voluntary Annual Filing Season program. It discusses new tax law—including various tax extenders—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. In organizing this course, 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.	Course Info: Course #: 100H Delivery: Self-Study CPE Hours: 6 Course Level: Basic Prerequisites: None Advanced Preparation: None Category: Annual Federal Tax Refresher Total Pages: 181 Questions: 100
Note on course title: In previous years, the IRS included the upcoming year in AFTR course titles. Starting this year, the IRS now uses the year that CE is completed instead. As such, the 2022 and 2023 AFSP AFTR courses both have the same course title - 2022 Annual Federal Tax Refresher. Our system will automatically select the correct version for your CE requirements.
IRS Program Approval Number: XE26W-A-00329-22-S
Course Objectives Identify the principal individual income tax changes brought about by recent legislation; Apply the inflation-adjusted and other limits to the proper preparation of taxpayers’ income tax returns; Recognize the federal income tax filing statuses and the criteria for their use; Describe the current status of tax extenders; Identify the types of income that must be recognized; Apply the tax rules to the various credits and adjustments to income that are 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. Table of Contents

10-Hour Federal Tax Law Topics

	This course is designed to meet the 10 hour federal tax law requirement for the Annual Filing Season The first part of this course provides an understanding of the various individual retirement arrangements. It covers traditional IRAs, Roth IRAs, Simplified Employee Pensions (SEPs), and Savings Incentive Match Plans for Employees (SIMPLEs). It explains the rules for setting up an IRA, contributing to an IRA, transferring money or property to and from an IRA, handling an inherited IRA, making withdrawals from an IRA, receiving distributions from an IRA, and taking a credit for contributions to an IRA. It also explains the penalties and additional taxes that apply when the rules are not followed. To assist in complying with the tax rules for IRAs, this course contains worksheets, sample forms, and tables, which can be found throughout the course and in the appendices in the back. The second part of this course discusses the tax treatment of virtual currency. Roughly 3 in 10 Americans younger than age 30 indicate they have invested in, traded, or used a virtual currency, such as Bitcoin or Ethereum. As a result, tax preparers are more likely than ever to encounter clients who have engaged in one or more virtual currency transactions during the year and who may have taxable income as a result. Tax Treatment of Virtual Currency briefly discusses the nature of virtual currency, how transactions in virtual currency occur and are recorded, and the tax treatment to which they are subject.	Course Info: Course #: 200H Delivery: Self-Study CPE Hours: 10 Course Level: Basic Prerequisites: None Advanced Preparation: None Category: Federal Tax Law Total Pages: 256 Questions: 50
IRS Program Approval Number: XE26W-T-00332-22-S
Course Objectives To identify the changes related to IRAs for 2021 and 2022 To recognize the characteristics of the traditional IRA and the advantages and disadvantages of this type of arrangement To recognize what a Roth IRA is, who qualifies to make contributions to it, and the advantages and disadvantages of using it for retirement To recall how a SEP can be used by employers, including self-employed individuals To recognize what a SIMPLE plan is, what contributions can be made to it, and the consequences of distributions taken from the plan To recognize the eligibility standards for taking the retirement savings contributions credit To recognize the impact of compounding To identify the disaster-related relief limits To recognize virtual currency To recall how central bank digital currency (CBDC) is used To recognize how stablecoins differ from unbacked cryptocurrency To recall how virtual currency networks maintain security To recognize how blockchain is employed with respect to virtual currency transactions To identify how to calculate the adjusted cost basis of virtual currency that is purchased, mined, or received as a gift To recall the tax treatment of virtual currency given as a charitable gift To recognize the tax treatment given virtual currency when less than all is sold, exchanged, or otherwise disposed of Table of Contents

2-Hour Ethics for Tax Preparers

	This course discusses various frivolous tax arguments and scams in relation to a federal tax preparer’s ethical obligations under IRS Circular 230. Additional information is provided on the civil and criminal penalties that can apply to your clients and the various penalties that can apply to you, the tax preparer, that violates ethical standards and your obligations under Circular 230.	Course Info: Course #: 400H Delivery: Self-Study CPE Hours: 2 Course Level: Basic Prerequisites: None Advanced Preparation: None Category: Ethics Total Pages: 49 Questions: 10
IRS Program Approval Number: XE26W-E-00330-22-S
Course Objectives To recognize characteristics of common frivolous tax positions To identify the penalties and fines that may be assessed in frivolous tax cases To identify the current “Dirty Dozen” tax scams Table of Contents