2023 Tax Update – The New Rules
2023 Tax Update – The New Rules
Area: Tax Update
Learn about the latest tax changes and updates for the 2023 Tax Year. Our focus will be on recent legislation and the impacts the changes have on you and your clients. This course will bring you up-to-date on the 2023 facts and legislative changes that impact clients; provide you with 2023 tables of the Tax Rates; and highlight useful “tax facts” and other important material.
Last Revision: May 2023
Circular 230 and Rogue Return Preparers
Circular 230 and Rogue Return Preparers
Area: Ethics
This ethics course looks at Circular 230 from the perspective of a Special Agent with IRS Criminal Investigations. You’ll learn the basics of the duties and penalties covered by Circular 230. And you’ll hear about common problems and schemes and real-life examples of violations. This course provides an interesting way to get the Ethics CPE credits you need.
Last Revision: May 2023
Federal Income Tax Changes 2023
Federal Income Tax Changes 2023
Area: Tax Update
Each year, various limits affecting income tax preparation and planning change. Some changes commonly occur each year as a result of inflation indexing, while others occur because of new legislation or the sunsetting of existing law. This course will examine the tax changes affecting 2023 the SECURE Act 2.0 and the inflation-changed limits effective for 2023 that are more significant from the perspective of an income tax preparer. Some context will be supplied, as appropriate, to assist readers in understanding the changes. Last Revision: February 2023
Fundamentals of Schedules K-2 and K-3
Fundamentals of Schedules K-2 and K-3
Area: Federal Tax Law
The IRS recently separated Schedule K and Schedule K-1 into Schedules K-2 and K-3. The purpose is to help provide partners and shareholders better information for their reporting of international items of relevance due to the changes the Tax Cuts and Jobs Act (TCJA), specifically the changes made relating to the reporting of international tax items. This course explores the changes the IRS made with the creation of Schedules K-2 and K-3, along with information that is reportable on the new schedules.
Last Revision: September 2023
Area: Federal Tax Law
Schedule E: Supplemental Income
Schedule E: Supplemental Income
Area: Federal Tax Law
Many of your clients will have supplemental income from sources like rental real estate, partnerships, trusts, estates, and royalties. How do you report that income? This course will give you a better understanding of Schedule E, as well as rental and other income sources, which income must be reported, and which losses and deductions are allowed.
Last Revision: July 2023
Social Security: Tax Implications
Social Security: Tax Implications
Area: Federal Tax Law
WISP: Privacy, Data Security, and a Written Information Security Program
WISP: Privacy, Data Security, and a Written Information Security Program
Area: Federal Tax Law
To protect customers’ privacy and security safeguards, the IRS requires the creation of a written information security plan (WISP). Various issues come into play with the creation of a WISP, such as updating customers on privacy practices and providing them opt out notices as applicable. This course provides detailed information on these and other requirements.
Last Revision: March 2023
2023 Annual Federal Tax Refresher Course (AFTR)
2023 Annual Federal Tax Refresher Course (AFTR)
Area: Tax Update
To be eligible for an AFSP Record of Completion, participants must pass the Annual Federal Tax Refresher (AFTR) Course and complete all other required continuing education by midnight (your local time), December 31, 2023.
This AFTR course is based upon the IRS AFTR course outline.
AFSP Bundle for Exempt Tax Preparers
AFSP Bundle for Exempt Tax Preparers
Area: Multiple
This bundle contains all the necessary credits for an exempt tax preparer to meet the 15-hour requirement to earn the IRS AFSP - Record of Completion for the 2024 filing season. Certain other credentialed preparers may also benefit from this bundle.
These new and interesting courses are delivered through a mix of webinars and self-studies. Take a short test for each topic to earn your continuing education credits.
To be eligible for an AFSP Record of Completion, participants must complete all required continuing education by midnight (your local time), December 31, 2023.
Click on the title of each course for more information. No substitutions can be made.
If you have already purchased one of these courses and would like to purchase the bundle, please contact Support@DrakeCPE.com.
AFSP Bundle for Non-Exempt - All Webinars
AFSP Bundle for Non-Exempt - All Webinars
Area: Multiple
This bundle is made entirely of webinars - for those of you who learn best that way. It provides the topics and credit-hours needed for a non-exempt tax preparer to meet the 18-hour requirement to earn the IRS AFSP - Record of Completion for the 2024 filing season.
NOTE: The AFTR course itself is not a webinar. The other courses are an intriguing mix of topics delivered as webinars. Take a short test for each topic to earn your continuing education credits.
To be eligible for an AFSP Record of Completion, participants must complete all required continuing education by midnight (your local time), December 31, 2023.
For more information, click on the title of each course. No substitutions can be made.
If you have already purchased one of these courses and would like to purchase the bundle, please contact Support@DrakeCPE.com.
AFSP Bundle for Non-Exempt - New Courses
AFSP Bundle for Non-Exempt - New Courses
Area: Multiple
This bundle contains all new courses developed since last year’s AFSP release. It provides the topics and credit-hours needed for a non-exempt tax preparer to meet the 18-hour requirement to earn the IRS AFSP - Record of Completion for the 2024 filing season.
The courses are delivered through a mix of webinars and self-studies. Take a short test for each topic to earn your continuing education credits.
To be eligible for an AFSP Record of Completion, participants must complete all required continuing education by midnight (your local time), December 31, 2023.
For more information, click on the title of each course. No substitutions can be made.
If you have already purchased one of these courses and would like to purchase the bundle, please contact Support@DrakeCPE.com.
