2021 Annual Federal Tax Refresher

Overview

The 2021 Annual Federal Tax Refresher course is designed to meet the requirements of the IRS Annual Filing Season Certificate program. It discusses new tax law and recent updates for the upcoming 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, a tax return preparer should be able to:

  • identify the principal individual income tax changes brought about by new tax legislation;
  • apply the inflation-adjusted and other limits to the proper preparation of taxpayers' income tax returns;
  • 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; and
  • identify the duties and restrictions imposed on tax preparers under Circular 230

Tax Year: 2020

Designed For

Unenrolled (non-exempt) tax professionals looking to gain the IRS'voluntary AFSP Record of Completion. The course is not intended for EAs, CPAs, or Attorneys

Prerequisites

Students should have a general understanding of federal tax law concepts.
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