Learning Objectives:

• Navigate the complexities of Schedule C reporting, including advanced methods for calculating depreciation, to maximize deductions and ensure accurate income reporting.
• Acquire comprehensive knowledge of the Annual Federal Tax Refresher, including recent tax law updates and ethical considerations, to maintain IRS compliance and enhance tax preparation proficiency.
• Master the common and uncommon tax credits, including the Credit for the Elderly or The Disabled, Earned Income Tax Credit and Child Tax Credit, to effectively reduce clients’ tax liabilities and navigate IRS compliance requirements.
• Assess the tax implications and strategic advantages of different business entity structures, incorporating recent legislative updates and practical scenarios to determine the most beneficial entity selection for clients’ unique needs and goals.
• Analyze recent legislative changes and IRS updates, such as the SECURE Act 2.0 and inflation adjustments, to advise clients on optimal tax strategies and ensure accurate tax return preparation.
• Demonstrate proficiency in applying Circular 230 guidelines to resolve ethical dilemmas in tax practice, ensuring compliance and maintaining client trust.

Our 18-hour AFSP tax course bundle contains 2 hours of ethics, 6-hour AFTR and 10 hours federal tax law topics. Our 10-Hour federal tax law topics includes:

Lesson for Entrepreneurs (3 CE), Tax Credit Blueprint (2 CE), Entity Selection (2 CE), and Tax Law Updates (3 CE)