CPE Credits: 8 for RTRP and CTEC*
Field of Study: Federal Tax Law Topic
Course Level: Basic
Prerequisite: Basic knowledge of individual income taxation
Advance study is recommended before attending this course
*CTEC credit is available at select locations
As of January 1, 2011, all tax return preparers must have a PTIN to prepare returns for compensation. In addition, all paid tax return preparers must be attorneys, certified public accountants (CPAs), enrolled agents (EAs), or registered tax return preparers (RTRPs) unless they are supervised by such an individual or prepare returns not covered by the competency exam. An unenrolled individual must pass a competency exam to become an RTRP.
This course is designed to provide guidance to study for and subsequently pass the competency exam. The course contains examples and review questions to ensure your understanding of the material.
RTRP Exam Review Course Table of Contents
Upon completion of this course you will be able to:
- Determine if a filing requirement exists and which form to file.
- Establish filing status and identify dependents.
- Report various types of income and deductions on Form 1040.
- Identify which credits (refundable and nonrefundable) are available to the taxpayer.
- Determine if a taxpayer is subject to the alternative minimum tax or any other special taxes.
- Complete the filing process including e-file procedures.
- Determine tax return due dates.
- Exercise due diligence in tax practice and procedure.
- Explain an RTRP’s rights and responsibilities under Circular 230.