Annual Federal Tax Refresher (AFTR) Course: Advance Your Career
Are you ready to advance your career in tax and consulting services? The Annual Federal Tax Refresher (AFTR) Course at Kian Finance Authority is your pathway to professional growth. Our comprehensive three-days annual federal tax refresher course offers PTIN holders and AFTR/AFSP participants a chance to enhance their expertise and earn valuable Continuing Education (CE) credits. After the first day, which focuses on AFSP, Days two and three offer in-depth tax topics that qualify for Continuing Education (CE) credits for CPAs, EAs, and attorneys as well as AFSP participants. Get on the IRS Database and stand out in taxation with Kian Finance Authority. Register today!
Your Journey to IRS AFSP Certification
IRS Annual Filing Season Program (AFSP) courses are now available at Kian Finance Authority if you wish to offer audit tax services in Florida. By completing our annual federal tax refresher AFTR course, you are on your way to earning your Record of Completion, after applying for a Preparer Tax Identification Number (PTIN). Whether you prefer in-person or online learning, we’ve got you covered.
IN PERSON OR ONLINE!
AFSP/AFTR Course Details
Our 3-day AFTR/AFSP course covers crucial topics for tax professionals, helping you stay current with IRS requirements and provides you with a limited representation rights before the IRS. The program includes:
Tax Year Inflation Adjustment
Learn about inflation, adjustments, deductions, and credits applicable for the tax year.
Taxation of Various Income
Gain insights into the taxability of different types of income, including foreign accounts, contractor income, 1099 forms, Schedule C, Schedule D for Capital Gain (loss), and rental income on Schedule E.
Nonrefundable and Refundable Credits
Explore nonrefundable and refundable tax credits, including the new increased threshold for the Dependent Care Credit.
Penalties Avoidance and New Tax Law Changes
Understand how to avoid penalties and stay updated on new tax laws, including the Child Tax Credit and Dependent Care Credit changes.
Why Earn the AFSP Record of Completion?
- Limited representation rights for clients whose returns they have prepared and signed.
- Broader knowledge of tax topics and updates, including inflation-related adjustments.
- PTIN holders need a professional credential or AFSP Record of Completion to have limited representation rights for the returns you prepared before certain IRS representatives.
Public Recognition
Participants with an AFSP Record of Completion will be listed publicly on the IRS website, helping taxpayers find qualified preparers.
Increased Credibility
Show clients you’re a tax professional up-to-date with the latest tax law changes, setting yourself apart from other preparers.
Comprehensive 20-Hour AFSP Bundle
Our 20-hour AFSP bundle includes everything you need to earn your Record of Completion, available for on-site classes at only $599. The bundle comprises:
- 6 hours of Annual Federal Tax Refresher Course (AFTR)
- 12 hours of Federal Tax Laws
- 2-hour Ethics course
The Annual Federal Tax Refresher (AFTR) course is designed for non-credentialed tax return preparers who are committed to maintaining a high standard of professionalism. To earn the IRS AFSP – Record of Completion, preparers must complete 18 hours of continuing education (including the 6-hour AFTR course as well as two hours of ethics), pass the AFTR test, and agree to adhere to the duties and restrictions outlined in Circular 230 by signing a consent statement in their PTIN account.
Note: AFTR courses and credits are not intended for Enrolled Agents, and no CE credits are offered for professionals already authorized to represent clients before the IRS.
Test Details and Deadline
The 3-hour uninterrupted AFTR test requires a passing score of 70 points (70 out of 100 questions), by December 31. If successful, you will have your PTINs listed on the IRS website, but you must agree to the terms and conditions in the PTIN area to be eligible for the IRS directory. Limited representation rights before select IRS offices for clients whose returns you prepared and signed.
For more information, please visit IRS.gov.
AFSP Requirements for NON-EXEMPT Preparers
Non-exempt preparers must complete 18 hours of continuing education, including:
- 6 hours of IRS annual refresher course
- 2 hours of ethics
- 10 hours of Federal Tax Law Topics
AFSP Requirements for EXEMPT Preparers
To obtain the AFSP – Record of Completion, you must fulfill the following criteria:
- Complete 15 hours of IRS-approved Continuing Education (CE).
- Agree to adhere to Circular 230 practice requirements.
- Obtain or renew a valid PTIN for the upcoming filing season.
It is essential to emphasize that the 15 hours of CE should meet the IRS-approved needs, which include:
- 3 hours of tax law updates
- 10 hours of federal tax law topics
- 2 hours of ethics
For more information, please visit Publication 5646 (5-2022)
Public Recognition and Limited Representation Rights
AFSP participants will be featured in a public database on the IRS website published by the end of January each year. This directory includes the names, cities, states, zip codes, and credentials of all qualified professionals with valid PTIN and AFSP – Record of Completion holders. Record of Completion holders have limited representation rights, allowing them to represent clients whose returns they prepared and signed before select IRS employees.
Receiving Your Record of Completion
You will receive an email from TaxPros@ptin.irs.gov if you have an online PTIN account, with instructions on signing the Circular 230 consent and obtaining your certificate in your secure online mailbox. If you possess an online PTIN account, you can anticipate receiving an email with instructions on how to proceed with the application process and acquire your certificate.
Conclusion
Kian Finance Authority should be your ultimate choice if you are looking for professional development opportunities in the tax and consulting services field. We offer comprehensive training, including an annual federal tax refresher AFTR course, in the heart of Florida.
In addition, our courses cover audit tax and consulting services, ensuring you are well-equipped for success. Whether you’re in Florida or searching for a ‘business consultant near me,’ our programs are designed to meet your needs. Join us today to advance your career in Florida’s dynamic world of finance.
Join us today to advance your career in Florida’s dynamic world of finance.
Frequently Asked Questions
What is the Annual Federal Tax Refresher (AFTR) Course?
The annual federal tax refresher AFTR course is designed to help non-credentialed tax preparers stay updated with the latest tax laws and earn their AFSP Record of Completion.
Who should take the AFTR course?
The course is ideal for PTIN holders, CPAs, EAs, attorneys, and other tax professionals who wish to enhance their expertise and earn Continuing Education (CE) credits.
How can I prepare for the AFTR test?
Our annual federal tax refresher course provides all the necessary resources, including study guides, presentation slides, and live classes, to help you prepare effectively for the test.
Are there any prerequisites for taking the AFTR course?
There are no specific educational prerequisites for taking the AFTR course. However, you must have a valid PTIN to earn the AFSP Record of Completion.
What are the benefits of earning the AFSP Record of Completion?
Earning the AFSP Record of Completion enhances your representation rights, public recognition, and credibility as a tax professional.
AFSP Record of Completion?
Join us at Kian Finance Authority and take the first step towards enhancing your career with our annual federal tax refresher AFTR course. Our tailored courses and expert guidance will ensure you are well-prepared to pass the AFTR test and excel in your career.