Key West, FL, May 25, 2024 – The IRS Annual Filing Season Program (AFSP) invites tax professionals to an enriching three-day conference from June 21-23, 2024, in the beautiful and vibrant city of Key West. Organised by Kian Finance Authority, this conference offers a unique opportunity to acquire IRS credentials and advance your career while enjoying the stunning surroundings of the southernmost city in the U.S.
Understanding the IRS Tax Professional Program: AFSP
The AFSP is a voluntary initiative designed to promote ongoing education among tax preparers. Participation in the program showcases your proficiency in completing basic 1040 tax returns and understanding various aspects of IRS tax regulations. Kian Finance Authority has played a pivotal role in offering IRS Approved CE Courses, and with their comprehensive guidance, participants are well-prepared for the final test.
Requirements for AFSP Participation
To participate in the AFSP, the IRS outlines three key requirements:
1. Maintain an Active PTIN: Ensure your Preparer Tax Identification Number (PTIN) remains active.
2. Complete Continuing Education (CE):
- Accumulate a minimum of 18 CE hours from IRS-approved providers.
- This includes 10 hours covering federal tax law issues, 2 hours dedicated to ethics, and a 6-hour refresher course on federal tax law updates.
3. Agree to Ethical Standards: Adhere to the ethical standards specified in Circular 230, Subpart B, Section 10.51, prohibiting federal convictions related to tax law changes and unethical behaviour.
Benefits of Enrollment
Enrolling in the AFSP program offers notable advantages:
Inclusion in the IRS Directory: All AFSP holders are listed in the Directory of Federal Tax Return Preparers with Credentials and Select Qualifications, enhancing visibility within the tax preparation community.
Is the AFSP Right for You?
Consider the following factors when determining if AFSP is suitable for you:
- Enhanced Career Standing: Demonstrate your commitment to professional development and elevate your career prospects.
- Representation Rights: AFSP holders have limited representation rights for returns filed post-December 31, 2015. They can represent clients for returns they prepared and signed, with representation restricted to certain IRS agents.
Overview of AFSP Format & Structure
The AFSP consists of:
- Administration: The IRS does not directly administer the Annual Federal Tax Refresher (AFTR) Course or its test but provides course outlines and test criteria.
- Course Content: Approved providers craft comprehensive tests following the AFTR course, covering new tax laws, general review, and professional responsibility.
- Examination Details: The AFTR test includes 100 multiple-choice questions, with a maximum of 3 hours to complete the exam.
- Course Completion: Passing the AFTR exam is essential for course completion. Failing means the provider will not report your course completion credits to the IRS.
- Deadlines & Renewal: AFSP courses must be completed by midnight on December 31st each year for the IRS to recognize your AFSP status for the following year.
June Conference 2024 in Key West
PTIN HOLDERS, AFTR/AFSP participants (20 CE Credits)
CPA, EA and Attorneys: Weekend: Saturday June 22 and Sunday, June 23 (14 credits)
AFTR/AFSP Credits (20 CE) and EA: Enrolled Agent CPE WEEKEND (14 CE)
Schedule and Topics:
Friday, June 21, 2024 (6 CE):
- 9:00-9:50: Annual Federal Tax Refresher Course: Inflation Adjustment (1 CE-AFTR-AFSP)
- 10:00-11:40: Annual Federal Tax Refresher Course: General Review (2 CE AFSP)
- 12:40-2:20: Annual Federal Tax Refresher Course Deductions & Credits (2 CE-AFTR-AFSP)
- 2:40-3:30: Circular 230 and Due Diligence (1 CE)
- 3:40-4:30: Applied Tax Technology
- Evening: Enjoy the sunset in Mallory Square.
Saturday, June 22, 2024 (7 CE Credits for all participants.):
- 9:00-10:40: Section 1031 Exchange (2 CEs)
- 11:00-12:40: Schedule B and Schedule D (2 CE)
- 1:40-3:30: Taxation for Non residents and Expats (2 CE)
- 3:40-4:30: Federal Tax Updates (1 CE)
- Evening: Explore Key West.
Sunday, June 23, 2024 (7 CE Credits for all participants.):
- 9:00-10:40: Fundamentals of Partnership (2 CE)
- 11:00-12:40: Ethics (2 CE)
- 1:40-3:30: Estate Tax and Final 1040 (2 CE)
- 3:40-4:30: Beneficial Owner Information (BOI) Report
- Evening: Discover the sights of Key West.
Registration Information
- AFSP Registration: $599 for the three-day conference.
- Enrolled Agents: $399 for the two-day workshop (Saturday & Sunday).
- Early Bird Discount: $50 off if registered and paid by June 10, 2024.
How to Register
Register online at https://fkianfa.com/ or visit the conference page at https://fkianfa.com/afsp-conference-june-2024-in-key-west-fl/. You can also call 954-399-8980 or email info@fkianfa.com for more information.
Don’t miss this opportunity to enhance your professional credentials and enjoy a memorable experience in Key West. Register today to secure your spot at the AFSP Conference 2024!
Contact Information:
Phone: 954-399-8980
Email: info@fkianfa.com
Website: https://fkianfa.com/annual-federal-tax-refresher-course/
We look forward to seeing you in Key West!
Originally posted On: https://syndication.cloud/elevate-your-expertise-acquire-irs-credentials-at-the-afsp-conference-in-key-west-june-2024-kian-finance-authority/
