15-hour AFTR-Exempt 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 NOT required to complete the 6-hour AFTR course. It includes courses listed below, which satisfy the following categories:

• Federal Tax Law - 10 hours
• Federal Tax Updates - 3 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 - $64.50

All AFSP courses were required to be completed by 12/31/18. Courses for next year will be available Summer 2019.

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

10-Hour Federal Tax Topics

	tax law requirement for the Annual Filing Season Program (AFSP). This course is divided This course is designed to meet the 10 hour federal tax law requirement for the Annual Filing Season Program (AFSP). Real estate is the largest investment most Americans will ever have. This course covers the tax implications of selling a home, as well as the investment of a second home for personal or rental purposes. This course will also guide you through the ins and outs of maximizing business deductions for car expenses, travel, meals, and home offices. It includes detailed, clear explanations and practical examples of how the tax law is applied.	Course Info: Course #: 200F1 Delivery: Self-Study CPE Hours: 10 Course Level: Basic Prerequisites: None Advanced Preparation: None Category: Federal Tax Law Total Pages: 261 Questions: 50
IRS Program Approval Number: XE26W-T-00265-20-S
Course Objectives To identify current information related to transportation expenses To recognize what travel expenses are deductible To recognize the tax rules that apply when an individual sells his or her main home To identify some of the tax implications of owning a second home, whether or not for rental purposes To identify how the passive activity and at-risk rules affect the deductibility of investment losses To identify the deductibility of non-entertainment-related meals and entertainment expenses To identify the restrictions on the deduction for business gifts To recall deductible transportation expenses To identify the section 179 deduction requirements To recognize the rules regarding the depreciation of vehicles To recognize the various recordkeeping requirements for travel, gift, and transportation expenses To identify what is required to adequately account to an employer for employee business expenses To recognize the tax rules regarding the business use of a home To identify how daycare facilities in a home qualify for different rules than other businesses Table of Contents

3-Hour Federal Tax Law Update

	Each year, various limits affecting income tax preparation and planning change. Some changes commonly occur each year as a result of inflation indexing, while others occur because of new legislation or the sunsetting of existing law. This course will examine the tax changes that took effect as a result of passage of the Tax Cuts and Jobs Act of 2017 (TCJA) and the inflation-changed limits effective for 2020 that are more significant from the perspective of an income tax preparer. Some context will be supplied, as appropriate, to assist readers in understanding the changes.	Course Info: Course #: 300F Delivery: Self-Study CPE Hours: 3 Course Level: Basic Prerequisites: None Advanced Preparation: None Category: Federal Tax Law Update Total Pages: 94 Questions: 15
IRS Program Approval Number: XE26W-U-00251-20-S
Course Objectives To identify the 2020 standard deduction amounts available to taxpayers To recognize the tax-deductible premiums for and tax-free benefits received under qualified long-term care insurance contracts To recall the retirement savings contribution credit available to eligible taxpayers To identify the changes made by the PPACA effective in 2020 related to the health flexible spending arrangement contribution limits To identify the changes made by the PPACA effective in 2020 related to the small business health care tax credit To identify how to calculate full-time equivalent employees (FTEs) for purposes of the Affordable Care Act To recognize the eligibility rules applicable to Archer MSAs and HSAs To identify the maximum contributions that may be made to an Archer MSA To recall the tax treatment rules of contributions to and distributions from Archer MSAs and HSAs To recognize a taxpayer’s eligibility to make a Roth IRA contribution To recognize the changes made to the standard deduction available to taxpayers To recognize the allowable §199A QBI deduction Table of Contents

2-Hour Ethics for Tax Preparers

	This course is designed to meet general ethics requirements. It covers the IRS Circular 230 and Statements on Standards for Tax Services.	Course Info: Course #: 400F Delivery: Self-Study CPE Hours: 2 Course Level: Basic Prerequisites: None Advanced Preparation: None Category: Ethics Total Pages: 60 Questions: 10
IRS Program Approval Number: XE26W-E-00253-20-S
Course Objectives To identify the Internal Revenue Service Requirements as outlined in Circular 230 To identify the CPA’s responsibilities according to the AICPA’s Statements on Standards for Tax Services Table of Contents