Studying for the AFTR course and exam: a guide for tax pros

Are you ready to elevate your tax preparer career and showcase your expertise to clients? Look no further! Obtaining the Annual Filing Season Program (AFSP) - Record of Completion is a game-changer for tax professionals like you. This designation sets you apart from the competition and proves your dedication to staying current on tax laws and regulations.

What is the AFSP - Record of Completion?

The AFSP - Record of Completion is a voluntary program offered by the IRS to tax preparers. The program aims to recognize tax preparers who have taken steps to stay current on tax law changes and maintain a higher level of knowledge and professionalism. By obtaining this record of completion, tax preparers can demonstrate their commitment to providing high-quality tax preparation services to their clients.

Benefits of obtaining the AFSP - Record of Completion

There are several reasons why a tax preparer might be interested in obtaining the AFSP - Record of Completion:

1. Increased credibility: Holding this record of completion can help you stand out from the competition and show clients that you are knowledgeable and committed to staying current on tax law changes.
2. Inclusion in the IRS Directory of Federal Tax Return Preparers: Tax preparers who obtain the AFSP - Record of Completion are included in the IRS’s public directory, making it easier for potential clients to find and verify your credentials.
3. Representation rights: Tax preparers with the AFSP - Record of Completion have limited representation rights before the IRS. This means that you can represent clients whose returns you prepared and signed, but only before revenue agents, customer service representatives, and similar IRS employees.

Study tips for the AFTR Course and Exam

Now that you understand the benefits of obtaining the AFSP - Record of Completion, it’s time to start preparing for the AFTR course and exam. Here are some study tips to help you succeed:

1. Create a study schedule: Set aside dedicated time each day or week to study for the AFTR course and exam. Consistency is key to retaining information and staying on track.
2. Take advantage of available resources: NATP members have access to a wealth of resources to help you prepare for the AFTR course and exam, including webinars to help you earn your record of completion, articles and review questions. Make sure to utilize the resources available to you to enhance your understanding of the material.
3. Focus on your weak areas: As you study, make note of any topics or concepts that you find particularly challenging. Spend extra time reviewing these areas to ensure that you have a well-rounded understanding of the material.
4. Practice, practice, practice: Although it is an open book test, the more you practice, the more comfortable you will become with the exam format and the types of questions you may encounter. Take advantage of review questions and examples to test your knowledge and identify any areas where you may need additional review.
5. Stay current on tax law changes: The AFTR course and exam cover the most recent tax law changes, so it’s essential to stay up to date on any new developments. Regularly review tax news and updates to ensure that you are prepared for any changes that may be covered on the exam.

NATP membership and the AFTR Course and Exam

NATP members have access to the AFTR course and exam as part of your membership benefits, regardless of your membership level. This means that you can take advantage of this valuable resource at no additional cost, making it easier than ever to stay current on tax law changes and obtain the AFSP - Record of Completion. You also have access to free CPE to earn and maintain your record of completion. Finally, membership includes our TAXPRO Weekly email that includes the latest industry news and alerts, sent directly to your inbox every Thursday.