Welcome to DrakeCPE! We offer a wide variety of continuing education courses for tax pros. Stay up to date with recent tax law and learn about new topics.

2023 Tax Update – The New Rules

2023 Tax Update – The New Rules

Area: Tax Update

Description: NEW!

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

$32 2 CPE Full Description

Circular 230 and Rogue Return Preparers

Circular 230 and Rogue Return Preparers

Area: Ethics

Description: NEW!

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

$32 2 CPE Full Description

Federal Income Tax Changes 2023

Federal Income Tax Changes 2023

Area: Tax Update

Description: NEW!

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

$64 4 CPE Full Description

Fundamentals of Schedules K-2 and K-3

Fundamentals of Schedules K-2 and K-3

Area: Federal Tax Law

Description: NEW!

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

$32 2 CPE Full Description

Navigating Schedule C

Navigating Schedule C

Area: Federal Tax Law

Description: NEW! The gig economy is here to stay and intent on growing larger with each year. With that growth is the likely growth of tax preparers’ need to be familiar with preparation of Schedule C. This course will help you identify the types of income reported on Schedule C; describe the business expenses deductible on Schedule C; list the differences between a business and a hobby; and apply the rules governing the deduction for business use of a taxpayer’s home. Revision Date: July 2023
$48 3 CPE Full Description

Schedule E: Supplemental Income

Schedule E: Supplemental Income

Area: Federal Tax Law

Description: NEW!

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

$32 2 CPE Full Description

Social Security: Tax Implications

Social Security: Tax Implications

Area: Federal Tax Law

Description: NEW! How did Social Security become the program that exists today? Which benefits are offered by the program? What are the implications when preparing tax returns? What are some common related financial planning considerations? This course helps tax professionals better understand the scope of the Social Security program, as well as how it affects their clients. Revision Date: June 2023
$48 3 CPE Full Description

WISP: Privacy, Data Security, and a Written Information Security Program

WISP: Privacy, Data Security, and a Written Information Security Program

Area: Federal Tax Law

Description: NEW!

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

$32 2 CPE Full Description

2023 Annual Federal Tax Refresher Course (AFTR)

2023 Annual Federal Tax Refresher Course (AFTR)

Area: Tax Update

Description: Successful completion of the 2023 Annual Federal Tax Refresher (AFTR) Course counts toward the voluntary annual requirement for obtaining an IRS Annual Filing Season Program (AFSP) Record of Completion for the 2024 filing season.

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.
$59 6 CPE Full Description

AFSP Bundle for Exempt Tax Preparers

AFSP Bundle for Exempt Tax Preparers

Area: Multiple

Description:

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.

$199 15 CPE Full Description

AFSP Bundle for Non-Exempt - All Webinars

AFSP Bundle for Non-Exempt - All Webinars

Area: Multiple

Description:

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.

$210 18 CPE Full Description

AFSP Bundle for Non-Exempt - New Courses

AFSP Bundle for Non-Exempt - New Courses

Area: Multiple

Description:

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.

$210 18 CPE Full Description