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IRS RTRP CPE Requirements
Along with the implementation of tax preparer regulation comes a requirement for Registered Tax Return Preparers to complete annual continuing education (CE). The annual continuing education requirement is 15 hours, including 3 hours of federal tax law updates, 2 hours of ethics, and 10 hours of other federal tax law. The continuing education requirements for Registered Tax Return Preparers do not apply to attorneys, certified public accountants, and enrolled individuals, certain supervised preparers, and individuals who do not prepare Form 1040 series returns.
The continuing education begins in 2012. Individuals who are Registered Tax Return Preparers, and those who have provisional PTINs but have until December 31, 2013 to pass the test, will need to obtain 15 hours of continuing education courses from IRS approved providers during calendar year 2012 and each subsequent year.
Preparers must retain the following records for four years:
In addition, records must be maintained by the CE Provider to verify the participants who attended and completed the program for a period of four years following completion of the program. Tax professionals taking CE courses should expect the provider to request their first and last name, as well as their PTIN number in order to comply with reporting requirements.
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