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. Exams can be retaken as many times as needed at no additional cost.

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

	This course is designed to meet the 10 hour federal tax law requirement for the Annual Filing Season Program (AFSP). This course is divided into 2 parts. Part 1, Education Expense, details all of the various types of tax benefits and savings opportunities available for education. Covering Qualified Tuition Programs (529 plans), the American opportunity credit, the lifetime learning credit, student loans, tuition and fee deductions, Coverdell Education Savings Accounts, Education Savings Bond Programs and much more. Part 2, The Benefits of Roth IRAs, describes the benefits of a Roth IRA as compared to its traditional counterpart. It also covers contribution limits, eligibility requirements, rules for converting one type of IRA into another, and rules governing the withdrawal of funds.	Course Info: Course #: 200D Delivery: Self-Study CPE Hours: 10 Course Level: Basic Prerequisites: None Advanced Preparation: None Category: Federal Tax Law Total Pages: 188 Questions: 50
IRS Program Approval Number: XE26W-T-00178-18-S
Course Objectives To identify the changes made to tax benefits for education for 2018 To recognize the taxability of various types of educational assistance To recognize how and when to use the American opportunity credit To recognize when and how to use the lifetime learning credit To recognize the proper tax treatment for student loans and the cancellations or repayment assistance of such To identify what tax deductions are available for tuition and fees To recognize how a Coverdell ESA can be used as a tax benefit for education To recognize the tax benefits available through the use of a qualified tuition program To recognize how early distributions from an IRA can be exempt from the 10% early withdrawal penalty when used for education To identify who can cash in bonds tax free when used for education To recall how employer-provided educational assistance plans work and their benefits To identify what work-related education expenses may be able to be deducted as a business expense To identify the key characteristics of traditional IRAs To identify the similarities and differences between Roth and traditional IRAs To recall the contribution rules for Roth IRAs To recall the requirements for converting a traditional IRA to a Roth IRA To identify the taxation rules of Roth IRA distributions To recognize the differences between a designated Roth 401(k) account and a Roth IRA Table of Contents

3-Hour Federal Tax Law Update

	This course is designed to meet the 3 hour federal tax law updates requirement for the Annual Filing Season Program (AFSP). This course examines the current tax changes effective for 2018 that are more significant from the perspective of an income tax preparer. Context is provided, as appropriate, to assist in understanding the changes. A brief discussion of the individual taxpayer provisions of the Tax Cuts and Jobs Act of 2017 is also included.	Course Info: Course #: 300D Delivery: Self-Study CPE Hours: 3 Course Level: Basic Prerequisites: None Advanced Preparation: None Category: Federal Tax Updates Total Pages: 90 Questions: 15
IRS Program Approval Number: XE26W-U-00179-18-S
Course Objectives Recall the various standard mileage deductions Identify the 2018 standard deduction amounts available to taxpayers Recognize the tax-deductible premiums for and tax-free benefits received under qualified long-term care insurance contracts Recall the retirement savings contribution credit available to eligible taxpayers Recognize the rules and income limits applicable to eligibility for the earned income credit Identify the adoption credit rules Identify the changes made by the PPACA effective in 2018 related to the: Health flexible spending arrangement contribution limits; Penalty for individuals who fail to comply with the PPACA mandate to maintain minimum essential coverage in 2018; Small business health care tax credit; Large employer shared responsibility provision; and Large employer reporting and notification requirements. Recognize the eligibility rules applicable to Archer MSAs and HSAs Identify the maximum contributions that may be made to an Archer MSA Recall the tax treatment rules to contributions to and distributions from Archer MSAs and HSAs Identify individual tax rate changes affecting taxpayers Recognize the changes made to the various exemptions and deductions available to taxpayers Recall changes made regarding the available Child Tax Credit Table of Contents

2-Hour Ethics for Tax Preparers

	This course is designed to meet the 2 hour ethics requirement for the Annual Filing Season Program. It covers the IRS Circular 230 and Statements on Standards for Tax Services.	Course Info: Course #: 400D Delivery: Self-Study CPE Hours: 2 Course Level: Basic Prerequisites: None Advanced Preparation: None Category: Ethics Total Pages: 54 Questions: 10
IRS Program Approval Number: XE26W-E-00180-18-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