TAX PREPARER ANNUAL FEDERAL TAX AND ETHICS UPDATE

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TAX PREPARER ANNUAL FEDERAL TAX AND ETHICS UPDATE
                            (COURSE #CE100)
                                       COURSE DESCRIPTION
This course is designed to expand your knowledge of federal tax practice and satisfies the IRS continuing
education requirements for Registered Tax Return Preparers. The course is composed of 3 hours of federal tax
updates, 10 hours of individual income tax, and 2 hours of ethics focusing on IRS Circular 230. To receive credit
for the course, you must achieve at least 70% on the exam. Uses the materials entitled Tax Preparer Annual
Federal Tax and Ethics Update. Course #CE100  15 CE hours.

                         LEARNING ASSIGNMENTS and OBJECTIVES
As a result of studying each assignment, you should be able to meet the objectives listed below each individual
assignment.
 
ASSIGNMENT            SUBJECT

       1              Temporary Extension of Tax Credits
                      Individual Tax Relief
                      Temporary Employee Payroll Tax Cut
                      Temporary Extension of Certain Expiring Provisions
                      Business Tax Relief
                      2012 Annual Inflation Adjustments

       Study the course materials from pages 1-1 to 6-1
       Complete the review questions at the end of each chapter
       Answer the final exam questions 1 to 15

       Objectives:

              To explain the impact of the Act on income tax rates for 2011 and 2012
              To discuss the temporary extension of the child tax credit, education incentives, and reduced
               tax rates on dividends and capital gains
              To identify some of the deductions extended through 2011 by the Act
              To explain the temporary employee payroll tax cut
              To identify some of the tax credits temporarily extended by the Act
              To identify some of the business tax credits temporarily extended by the Act




                                                 Exam Page -1
ASSIGNMENT         SUBJECT

    2              Standard Deduction
                   Medical and Dental Expenses
                   Taxes
                   Interest Expense
                   Contributions
                   Nonbusiness Casualty and Theft Losses
                   Car Expenses and Other Employee Business Expenses
                   Tax Benefits for Work-Related Education
                   Miscellaneous Deductions

    Study the course materials from pages 7-1 to 15-15
    Complete the review questions at the end of each chapter
    Answer the final exam questions 16 to 65

    Objectives:

           To explain the available standard deduction
           To describe what itemized deductions are available


ASSIGNMENT         SUBJECT

    3              IRS Circular 230

    Study the course materials from pages 16-1 to 16-31
    Complete the review questions at the end of each chapter
    Answer the final exam questions 66 to 75

    Objectives:

           To discuss the IRS requirements outlined in Circular 230
           To discuss types of conduct that may result in discipline under Circular 230




                                              Exam Page -2
ASSIGNMENT

         4        Complete the Answer Sheet and Login to your TaxPreparersCE.com user account you
                  created to purchase this course to SUBMIT your answers for instant grading and
                  certification.




                                                                NOTICE

This course and test have been adapted from materials and information contained in the materials entitled Tax Preparer Annual Federal Tax
and Ethics Update and any supplemental material provided. This course is sold with the understanding that the publisher is not engaged in
rendering legal, accounting, or other professional advice and assumes no liability whatsoever in connection with its use. Since laws are
constantly changing, and are subject to differing interpretations, we urge you to do additional research and consult appropriate experts
before relying on the information contained in this course to render professional advice.

www.TaxPreparersCE.com

Program publication date 05/7/12




                                                            Exam Page -3
            TAX PREPARER ANNUAL FEDERAL TAX AND ETHICS UPDATE
                    (COURSE #CE100)  EXAM INFORMATION
 
TEST FORMAT: The following final exam, consisting of 75 multiple choice questions, is based specifically on the
material included in this course. You will find an answer sheet at the back of this exam packet that you may easily
remove and use while taking your test.

ONLINE GRADING: Your exam answers must be submitted online at www.TaxPreparersCE.com for CE
certification. Online grading is available 24 hours a day, 7 days a week.

GRADING INSTRUCTIONS: Go to www.TaxPreparersCE.com website and log into your user account that
you created to purchase this course.

   1. Once logged in, you will start on your HOME PAGE for your account.

   2. Click the GO TO MY CE IN PROGRESS icon:




   3. On the MY CE IN PROGRESS page, click the MY PDF CE EXAMS icon:




   4. Locate the exam course number and title listed under MY CE EXAMS IN PROGRESS.

   5. Click the TAKE THIS EXAM icon located on the RIGHT hand side of the course title to begin the exam.




   6. On the first page of the exam, instructions are provided on HOW TO TAKE THE FINAL EXAM. Please
      read carefully!

   7. After you have submitted all your answers you will have the option to REVIEW YOUR ANSWERS or
      SUBMIT FOR GRADING.




                                                  Exam Page -4
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