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
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This course is designed to meet the 10-hour federal 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
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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
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3-Hour Federal Tax Law Update
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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
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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
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2-Hour Ethics for Tax Preparers
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This course is designed to meet general ethics requirements. It covers the IRS Circular 230 and Statements on Standards for Tax Services.
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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
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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
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