Things You Must Know About Annual Filing Season Program
With it comes to tax matters, a lot of things are commonly delved in. When diving over this platform, it is actually known as a voluntary program which is intended to inspire and embolden noncredentialed tax preparers. They commonly do this so they can easily partake in continuing education courses.
For those folks who are dearly enticed in this said platform will commonly need to prepare and complete various requirements. The requirements for annual filing season program will be allotted by a record of completion. It must be done this way since such record will usually parade or custom to distinguish themselves on the market if they yearn so.
If you are in question if who can freely enter in the said program then here is an ideal answer for you. This platform is created so it will be simpler to distinguish and embolden voluntary exertions of noncredentialed return preparers. It needs to be done this way so to upsurge the knowledge and to advance their filing proficiency through the given continuing education.
If you are exceedingly sure that you want to join in this program then you need to focus on the requirements you must settle rightly. When trudging your way towards this path, completing the asked requirements must be centered firmly. These requirements being asked are the consent to the circular 230 obligations, valid PTIN for the upcoming season, completion of the AFTR course, and the appropriate number of CE credits.
If there are any enrolled preparers who want to indulge into this said platform should follow a certain rule. Such rule is they need to sign an agreement most especially when they are not yet bound by Circular 230. A required fee is also asked by the authority to settle in towards this program rightly. Aside from those matters, it is also crucial that AFSP will be printed.
A lot of folks are already managing their way towards sinking in this platform because of various benefits that are of outstanding value. Each of these benefits can cater good sense of life and attainment to these folks. For those qualified individuals, they will be given representation rights. It will certainly be easier for them to embody their customers on various matters which include appeals, audits, and collection issues.
When it comes to the settled exam given for this program, passing it rightly is crucial. There is actually a course provided and it can be taken up for at least six hours only. The exam will commonly consist of 100 questions. It focuses variably on multiple choice set and a true and false set of queries.
When talking about the exam, it is extremely crucial to pass it with flying colors. To be able to pass a good score for it, you must guarantee that you have obtained a 70 percent score. It is also crucial that you are well acquainted with the domains being focused on this course as well which are composed of new tax law, general review, and procedures, practices, and professional responsibility.
If you are asking if who are exempted in taking up the course then here are details that can greatly help you with your query. There are absolutely some preparers who are enlivened with this platform but they are commonly exempted in taking up the requirement for the AFTR course. Those who can take the AFTR record are VITA volunteers, state based return preparer participants, SEE part I exam passers, and other accredited tax focused credential holders.