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 Law Topics

	This course is designed to meet the 10-hour federal tax law requirement for the Annual Filing Season Program (AFSP). This course discusses how home business owners can reduce taxes by taking advantage of the array of deductions available to them. Covering topics from what qualifies as a home business, to start up and operating expenses, as well as more advanced deductions such as long-term assets - this course looks at home business tax issues from multiple angles.	Course Info: Course #: 200G1 Delivery: Self-Study CPE Hours: 10 Course Level: Basic Prerequisites: None Advanced Preparation: None Category: Federal Tax Law Total Pages: 0 Questions: 0
IRS Program Approval Number: XE26W-T-00292-21-S
Course Objectives To identify the most popular entity choice for home businesses To recognize how the IRS determines whether a venture is truly a business or a hobby To recognize how the IRS treats start-up expenses for businesses To recall the difference between current and capital expenses To recall the limits of the de minimis safe harbor rule To recall the requirements of the home office deduction To recall the maximum qualified business income deduction available to qualifying taxpayers To identify the actual car expenses that can be deducted when using the standard mileage rate To recall the required characteristics of acceptable business travel for tax purposes To recall the characteristics of inventory and the various methods for valuing it 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 the passage of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)) and the inflation-changed limits effective for 2021 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 #: 300G Delivery: Self-Study CPE Hours: 3 Course Level: Basic Prerequisites: None Advanced Preparation: None Category: Federal Tax Law Update Total Pages: 128 Questions: 15
IRS Program Approval Number: XE26W-U-00281-21-S
Course Objectives To recognize the 2021 changes in various amounts including the standard deduction To recognize the 2021 changes in various amounts including the limits related to income from U.S. Savings Bonds for taxpayers paying higher education expenses To recognize the 2021 changes in various amounts including the deductions for qualified long-term care insurance premiums To identify the 2021 tax credit changes affecting the saver’s credit To identify the 2021 tax credit changes affecting the child tax credit To identify the 2021 tax credit changes affecting the child and dependent care tax credit To identify the 2021 tax credit changes affecting the adoption credit To recognize the changes effective for 2021 with respect to the small business employer premium tax credit To recognize the changes effective for 2021 with respect to the applicable large employer mandate To recognize the 2021 changes affecting Health Savings Account (HSA) and Archer Medical Savings Accounts (MSA) requirements and contribution limits To recognize the 2021 changes affecting Roth IRA eligibility To recognize the principal CARES Act provisions, including those related to the Paycheck Protection Program To identify various provisions of the American Rescue Plan Act 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 #: 400G Delivery: Self-Study CPE Hours: 2 Course Level: Basic Prerequisites: None Advanced Preparation: None Category: Ethics Total Pages: 44 Questions: 10
IRS Program Approval Number: XE26W-E-00284-21-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