2019 Annual Federal Tax Refresher

Study Level: Overview
Delivery Method: Online self-study
Provider of Record: WebCE
Field of Study: Tax Law Update
Tax Year: 2018
Prerequisites: None

This course must be completed by midnight 12/31/2018.

Course Description:
Each year, various limits affecting income tax return preparation and tax planning are affected by inflation-related changes. In addition, the Tax Cuts and Jobs Act of 2017 will significantly affect tax planning and may also affect taxpayers’ income tax liability. This course will examine many of those changes. 

The Annual Federal Tax Refresher course is designed to meet the requirements of the IRS voluntary Annual Filing Season program. It discusses new tax law and recent updates for the 2019 filing season, provides a general tax review, and examines important rules governing tax return preparer ethics, practices and procedures.

Learning Objectives:
Upon completion of this course, you should be able to:

  • identify the principal individual income tax changes brought about by the Tax Cuts and Jobs Act of 2017
  • apply the inflation-adjusted and other limits to the proper preparation of taxpayers’ income tax returns
  • calculate nonexempt taxpayers’ tax penalty under the Affordable Care Act for failure to maintain healthcare coverage
  • recognize the federal income tax filing statuses and the criteria for their use
  • identify the types of income that must be recognized
  • apply the tax rules to the various credits and adjustments to income that are available to taxpayers
  • recognize the penalties that may be imposed on a preparer for failing to meet ethical and practice standards in preparing tax returns
  • identify the duties and restrictions imposed on tax preparers under Circular 230

Revised: May 2018

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