AFSP – Annual Federal Tax Refresher (v22)

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Course Description

The IRS created the Annual Filing Season Program to promote and acknowledge unenrolled tax return preparers who have voluntarily increased their knowledge. The enhancement of education allows participants in the program to improve their filing season competency through continuing education. The Annual Federal Tax Refresher is a six-hour course that must be taken by non-exempt AFSP Participants. This course is broken into three domains and covers general filing season concepts, up-to-date tax changes and professional responsibility.

This course is followed by a 100-question exam, which has a 3-hour time limit and a passing score of 70% and higher. This test can be taken more than once, however, no two exams are the same. Upon completion of course and passing the final exam, CPE365 will report all AFTR course credit to the IRS.

Learning Objectives

Upon successful completion of this course participant should be able to be complete the following objectives:

  • Recognize the new tax laws and recent updates for the 2022 tax filing season.
  • Identify the new standard mileage rates for 2022.
  • Recognize the requirements for the 3-year repayment of COVID related distributions.
  • Identify the IRA contribution amount for 2022.
  • Recognize the taxability of Schedule C.
  • Recognize the standard deduction for different taxpayer types.
  • Identify eligibility for various tax credits.
  • Recognize prepare responsibilities in the event of taxpayer identify theft.
  • Identify the requirements for safeguarding taxpayer data.
  • Recognize the requirements and expiration related to TINs and PTINs.
  • Recognize the requirements for the Annual Filing Season Requirements.

CPE Credits: 6 CPE for AFSP Participants

Level: Intermediate

Instructional Method: Self-Study

NASBA Field of Study: Taxes

Program Prerequisites: Basic understanding of federal tax code.

Advanced Preparation: None

Revision Date: June 1, 2022