Intake/Interview & Quality Review Training 2021 Filing Season
Annual Filing Season Program - natptax.com · What is the Annual Filing Season Program? ......
Transcript of Annual Filing Season Program - natptax.com · What is the Annual Filing Season Program? ......
Genaro S. Cardaropoli, MPA, CPAGenaro Cardaropoli is a Tax Research Specialist with NATP where he writes educational materials, answers research questions, and writes for the NATP publications. He obtained a Masters in Professional Accountancy from the University of Wisconsin, Whitewater in 2009. Genaro has been a Certified Public Accountant since January of 2011 in the state of Wisconsin. Prior to working at NATP, Genaro was a senior tax associate at an international firm and was responsible for client contact, supervising other staff and managing the tax returns.
Benjamin T. Kotenberg
Ben Kotenberg is an Instructional Designer with NATP where he creates educational and multimedia materials for self-study and live courses, webinars and conference sessions. Ben obtained his Master of Science degree in Communication from Illinois State University in 2010. Prior to joining NATP, Ben was a Professor at the University of Wisconsin and Corporate Trainer at the J. F. Ahern Co..
Our mission is simple — to serve our members by providing the support, education, products, and services they need to succeed in the tax profession. The National Association of Tax Professionals
(NATP) is the largest nonprofit organization that serves individuals specializing in tax preparation.
About NATP
In this information-packed session, you will learn: The details of the Annual Filing Season Program
(AFSP) If you are exempt from the Annual Federal Tax
Refresher (AFTR) course and exam How to participate in the AFSP, whether you are
credentialed or non-credentialed The benefits of participating in the AFSP Important changes to your representation rights
Objectives
A voluntary program for tax preparers building on similar concepts established under the registered tax return preparer program (RTRP) targeting unenrolled preparers Encourages continuing education
and competency in federal tax law Record of Completion Public Directory Effective January 2015
What is the Annual Filing Season Program?
You must have a valid PTIN You must take a six (6) credit hour Annual Federal Tax
Refresher (AFTR) course You must pass an annual 100-question comprehensive exam
with a 70% or higher passing score In addition to the AFTR course, you must complete ten (10)
credit hours of federal tax law and two (2) credit hours of ethics annually
The 18 CPE and a passing score on the annual exam must be completed no later than December 31 effective for the following filing season
You must consent, under penalties of perjury, to the duties and responsibilities under Subpart B of Circular 230
Requirements
Enrolled agents CPAs Attorneys Those who have successfully passed the RTRP exam Those who have successfully passed Part I of the Special
Enrollment Exam (EA exam) during the two year eligibility window
Those who have successfully passed state based return preparer testing programs (i.e., Oregon and California)
Those who have successfully passed the Accredited Tax Preparer (ATP) test offered by the Accreditation Council for Accountancy/Taxation (ACAT)
Successful VITA program participants, reviewers and instructors
Who is exempt?
If you are exempt from the annual exam and refresher course you can still receive a record of
completion by completing the continuing education requirements
Exempt Individuals
In 2014 RTRP’s must complete: 3 Hours – Federal Tax Updates 3 Hours – Federal Tax Law 2 Hours – Ethics Renew PTIN Sign Circular 230 Consent
2015 15 Hours of CPE Renew PTIN Sign Circular 230 Consent
RTRP’s are not required to complete the AFTR course or exam
RTRP’s
Annual course designed to help Tax Professionals work efficiently and effectively with clients on their annual returns Covers the latest taw law theory and key
information that is critical to preparing an accurate return Focuses on important aspects of
representation and ethics
What is the AFTR Course?
A maximum of 6 CPE Offered by IRS-approved
Continuing Education Providers Covers tax law across three
domains New Tax Law/Recent Updates Federal Tax Law General Review Ethics, Practices and Procedures
Minimum 70% passing score on 100-question comprehension exam
AFTR Course Requirements
Includes all tax law topics covered in the AFTR course Consists of a minimum of 100
questions made up of multiple choice and True/False style questions You will have a maximum of 3
hours to complete the exam You will have unlimited attempts to
pass You must complete the course
before taking the exam
The exam
CPE is prorated for 2014 only. All CPE obtained since January 1, 2014 that
meets the AFSP requirements will count toward your total CPE requirement.
How much CPE do I need for 2014?
2 hours of ethics 3 hours of federal tax topics 3 hours of federal update
Total of 8 CPE for 2014
Exempt Individuals
6 hours of AFTR 3 hours of federal tax topics 2 hours of ethics
Total of 11 CPE for 2014
Non-Exempt Individuals
Annual Filing Season Program Exemption Status
Filing Season Annual Federal Tax Refresher Course & Test CE Credits
Tax Law Update CE Credits
Federal Tax Law CE Credits
Ethics CE Credits
Total CE Credits
Non-Exempt2015 6 3 2 11
2016 and beyond 6 10 2 18
Exempt2015 3 3 2 8
2016 and beyond 3 10 2 15
CPE Requirements
Your name will be included in a public IRS database of approved tax return preparers You will have limited
representation rights for returns you prepared and signed Encourages you to remain
current with changing tax laws You will receive a record of
completion certificate from the IRS
What’s in it for you?
A searchable, sortable public directory available on IRS.gov January 2015
Will include the name, city, state and zip code of all attorneys, CPAs, EAs and AFSP participants who have obtained a Record of Completion and who have a valid PTIN
After 2015 RTRPs will NOT be included unless they participated in the AFSP program
Allows taxpayers to find a preparer based on location and credentials
IRS database
You must have a valid PTIN You must complete all
required CPE You must pass the exam
Record of completion
Exempt individuals with a valid PTIN will automatically receive a record of completion
once all CPE requirements are met
Differentiates you from other preparers
Valid for one calendar year Effective for tax returns prepared and signed
from the later of January 1 of the year covered by the Record of Completion or the date it’s issued until December 31 of that year
Example: If a Record of Completion is issued on February 25, 2015, your 2015 Record of Completion will be effective for tax
returns and claims for refund prepared and signed from February 25, 2015 through December 31, 2015.
Valid Records of Completion
Once you renew your PTIN beginning in October, you may obtain a Record of Completion You have an online PTIN account You will receive an email from [email protected] Your certificate will be sent to your secure mailbox. You do not have an online PTIN account You will receive a letter with instructions for
completing the application process and obtaining your certificate using Form W-12 Applications are due no later than April 15 for the
current year
How will I get my record of completion?
You are permitted to represent your clients before revenue agents, customer service representatives, or similar officers and employees of the IRS (including the Taxpayer Advocate Service) during an examination You must have a valid PTIN You must have prepared and
signed the taxpayers return This applies through 2015
What’s limited representation?
You must be an AFSP participant who obtained a Record of Completion You must prepare and sign the taxpayer’s return PTIN holders without an AFSP Record of
Completion or without other professional credentials will not be able to represent clients before the IRS in any matters
NOTE: CPAs, EAs and attorneys have unlimited representation rights
Limited representation after 2015
If you prepare and sign a taxpayer’s 2014 return and it’s selected for an examination after 2015, you are not permitted to represent that taxpayer unless you are an AFSP participant with a current Record of Completion. Power of Attorney will NOT give you limited
representation rights if you do not participate.
Limited representation after 2015
You must agree, under penalties of perjury, to adhere to the practice requirements outlined in Subpart B and §10.51 Subpart B - Duties and
Restrictions Relating to Practice Before the Internal Revenue Service §10.51 - Incompetence and
disreputable conduct CPAs, EAs and attorneys are
already subject to all parts of Circular 230
Circular 230
Available in the Tax Education Center 100 Question Exam
completed online Covers 3 Domains New Tax Law/Recent
Updates Federal Tax Law
General Review Ethics, Practices and
Procedures IRS Approved Provider
NATP Online AFTR Course
Essential 1040 8 CPE for EA, CPA, CRTP
6 CPE for CFP®
Beyond the 1040 8 CPE for EA, CPA, CRTP, CFP®
$370 NATP Members$450 Non-members
Live 1040 Workshops