Back 

Seminar

Annual Federal Tax Refresher Course (151)

Register for this course:

The meeting times for this class are in the past. Please check here for additional meeting times.

Meeting Times:

Monday, September 25, 2023 10:30 AM - Monday, September 25, 2023 4:30 PM
The meeting time above is expressed in MOUNTAIN TIME, which is:
Eastern Time:
12:30 PM - 6:30 PM
Central Time:
11:30 AM - 5:30 PM
Pacific Time:
9:30 AM - 3:30 PM

Price:

This course is in the past and can no longer be purchased.

Location:

Internet Course - Live Streamed

Delivery Method:

Group Internet Based

Credit Hours:

6.0 IRS Federal Tax Refresher MF2AY-A-01422-23-O

Field of Study:

Taxes

Course Level:

Update

Prerequisites:

Working knowledge of U.S. federal income taxation

General Description:

This course is intended for non-exempt preparers who wish to earn the IRS Annual Filing Season Program record of completion.
To receive attendance credit, the IRS requires you to pass a test.
Enrolled agents are not allowed to earn credit for this course.

A self-study version of this course is available starting in mid-October 2023. It incorporates video from the seminar taught live on 9/25/2023.

The course is a high level overview of IRS-specified topics related to preparation of 2023 tax returns in 2024, and in order to receive credit, the IRS requires you pass a 100-question exam over those topics. You take the exam online, any time after you attend the course through December 31, 2023. You have three hours in one sitting to complete the exam. You must complete the exam with a passing score (70%) by midnight on December 31, 2023. You may attempt the exam up to 8 times if necessary. For more information on the IRS Annual Filing Season Program, see IRS.gov/Tax-Professionals/Annual-Filing-Season-Program.

Learning Objectives:

Course Topics Specified by the IRS

Domain 1 - New Tax Law/Recent Updates

  • Annual inflation and cost of living adjustments
  • New standard mileage rates
  • Filing status name change - qualifying widow(er) to qualifying surviving spouse
  • Updated digital asset question language and instructions
  • Third Party Network Transactions (Form 1099-K) change in reporting requirement
  • Required Minimum Distribution age change
  • Reduction in excise tax on certain accumulations in qualified retirement plans
  • Energy Efficient Home Improvement Credit (§25C)
  • Residential Clean Energy Property Credit (§25D)
  • Clean Vehicle Credits (§30D and §25E)
Domain 2 - General Review
  • Taxability of earnings
  • Schedule B: interest, dividends, foreign accounts, and trusts
  • Reporting and taxability of retirement income
  • IRAs (contributions, deductions, distributions, and 10% penalty)
  • Reporting and taxability of unemployment compensation
  • Alimony
  • Schedule C
    • Determination of gross income & deductions
    • Business versus hobby
    • Business use of home
    • Recordkeeping requirements
    • Entertainment expenses
    • Section 179 expense limits
    • Depreciation
  • Schedule D and Form 8949, capital gains and losses
  • Standard Deduction
  • Schedule A, Itemized deductions
    • Medical and dental expenses
    • State and local tax deduction
    • Home mortgage interest and home equity loans
    • Charitable contributions
    • Federally declared disaster area casualty loss deduction
    • Moving expense deduction suspended and reimbursement taxable
    • Recordkeeping and documentation of deductions
  • Tax credit eligibility
  • Overview Topics
    • Tax treatment of the acquisition and disposition of digital assets
    • Alternative Minimum Tax (AMT)
    • QBI deduction
    • Kiddie Tax
    • Section 529 Plans
    • Achieving a Better Life Experience (ABLE) account
    • Cancellation of student debt
    • Net operating loss (NOL)
    • Premium Tax Credit
    • Employee fringe benefits
    • Depreciation of rental property
  • Withholding and estimated tax payments
  • Balance due and refund options
  • Tax return due dates and filing for extensions
Domain 3 - Practices, Procedures and Professional Responsibility
  • Tax-related identity theft
  • Safeguarding taxpayer data
  • Overview and expiration of Individual Taxpayer Identification Numbers (ITINs)
  • Preparer penalties
  • Tax preparation due diligence
  • E-file requirements
  • Annual Filing Season Program Requirements

Instructors:

Mark A. Vogel is a retired professor and director of the University of Denver Graduate Tax Program, where for 38 years he taught courses in individual, fiduciary, tax accounting, partnership, and corporate taxation. He is the author of Divorce Taxation Guide (John Wiley & Sons) and Individual Taxation (Shepards/McGraw-Hill). He received a J.D. and LL.M. in Taxation from the University of Denver College of Law and an undergraduate accounting degree from the University of Notre Dame. He is also a CPA licensed in Illinois.

Related Courses:

Code Seminar Location Get details or register

Attend an AES seminar and see why our participants say,

“The real-life cases and decisions were extremely insightful.”

“Great! Well balanced program and I learned techniques I will use in my practice.”

“It was fascinating!”

“The material covered is applicable to a wide range of clients.”

“This is the best class I have taken in 30 years of practice!”

 

Upcoming Internet Courses

Please wait while the upcoming seminars are loaded...


Contact Us

Accountant's Education Services
4380 S Syracuse St Ste 110
Denver, Colorado 80237
720-389-5900 · Fax 720-708-3246
info@aestax.com

Copyright 2024 by Tax Education Services