What's New for Return Preparers
Target Audience: CPAs
Field of Study: Taxation (NASBA)
Seminar Level: Beginner
THIS SEMINAR IS NOT AN APPROVED CONTINUING EDUCATION COURSE BY THE IRS RETURN PREPARER OFFICE.
DISCLAIMER: THIS SEMINAR WAS FILMED IN ORLANDO, FLORIDA, ON July 27, 2010, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.
The IRS Return Preparer Office delivered this seminar at the IRS Nationwide Tax Forum in Orlando, Florida, in July 2010.
In January 2010, the IRS announced multiple proposals to increase oversight of federal tax return preparers. Attend this session to find out how you will be affected and what steps you need to take before next filing season. This presentation will address registration, preparer tax identification numbers, user fees, competency testing, continuing education, and more. In addition, learn about the new legislative mandate requiring certain return preparers to file returns electronically beginning in 2011.
By the end of this presentation you will:
- understand the new Preparer Tax Identification Number (PTIN) requirements.
- understand how tax compliance checks will be used as a determining factor for issuing PTINs.
- know who will be required to take the competency test to become an IRS Registered Tax Return Preparer.
- understand the annual CPE requirements for return preparers.
- understand the e-file mandate.
No prerequisites or advanced preparation are required for this seminar.
CPE credit is available for this seminar. If you would like to earn credit for a seminar, you must have an account with the IRS Nationwide Tax Forums Online and purchase the seminar for $49.00. You can purchase seminars one at a time or as a group. After completing the purchase through PayPal, you will be returned to your status page on www.irstaxforumsonline.com. You have one calendar year from the date of purchase to complete the course. NOTE: Purchasing a course via PayPal e-check can take up to 10 business days to post. Your course will only appear in your Status Page after your e-check has cleared.
Navigating a Seminar for CPE Credit
Once you purchase a seminar, it will appear under the “In Progress” tab on your status page. Click on the seminar title to initiate navigation of fully self-directed learning individualized to your pace. Working at a computer at your convenience will provide you the flexibility to start, pause and stop the presentation. You can download and print the seminar’s edited transcript as well as the Power Point slides. Captions may be turned off.
Start the seminar by clicking on chapter one. Once you complete a chapter, navigation will appear at the top of the screen and take you to the first review question, followed by the next chapter, etc. A review question follows each chapter. After you have completed the video and review questions, you must take and pass a final examination. All review and final examination questions are either true/false or multiple choice.
The seminar may be viewed repeatedly; however, the final examination can only be attempted two times. You must achieve a passing rate of 70% to receive CPE Credit. A certificate of completion may be printed for each seminar successfully completed. Prior to printing the certificate of completion, there will be an opportunity to provide feedback on your learning experience.
Unexpired seminars that have not been completed will appear under the “In Progress” tab on your status page. Courses passed will appear under the “Completed and Passed” tab on your status page. Courses failed will appear under the “Failed” tab on your status page.
Prefer to audit this seminar? Clicking the “Audit” button will take you to chapter one of the seminar. Once you complete a chapter, navigation at the top of the screen will appear to take you to the next chapter. You can download and print the seminar’s edited transcript as well as the Power Point slides. Captions may be turned off. There are no review questions or final examination when auditing a seminar, and there is no credit for auditing a seminar. If you would like to audit this seminar (no cost and no CPE credit), click here
Audit