Day 6 Recap Quiz

Which PTIN statuses are NOT eligible for an activation code?
Select all that apply. (Check your CPG!)

• Permanently Expired

• Active

• Expired

• Revoked

• Withdrawn

What are some reasons someone might want to participate in the AFSP?

• Increase RP tax competency

• Limited representation right for clients

• Added to preparer directory

• Given a Record of Completion Certificate

• Allows them to prepare taxes for compensation

Answer explanation

<Record of Completion Certificate>

They get a certificate as seen here.

As long as a preparer has an Active PTIN, they can prepare taxes for compensation, they are not required to participate in the AFSP.

What does AFTR stand for?

• Accurate Federal Tax Reminders

• Annual Federal Tax Refunds

• Accurate Financial Transcript Rule

• Annual Federal Tax Refresher

• Air Force Transfer Record

True or False.

Active EAs are automatically included in the Preparer Directory.

• True

• False

Answer explanation

Certain credentialed preparers are automatically included in the Preparer Directory.

Check your knowledge base for details on which credentials get preparers added automatically.

What does AFSP stand for?

• Annual Federal Refresher Practice

• Annual Filling Season Program

• Appropriate Filling Season Procedures

• Actions for Spreading Peace

• Annual Federal Return Preparer

Which of the following steps must a non-credentialed preparer take to participate in the AFSP?

Select all that apply.

• Have an Active PTIN for the upcoming year

• Consent to the Circular 230

• Complete required continuing education

• Take the AFTR course

Answer explanation

All of these are required actions for non-credentialed preparers to participate in the AFSP!

True or False.

EAs are not required to have an active PTIN if they are not preparing tax returns for compensation.

• True

• False

Answer explanation

Regardless of whether they are preparing tax returns or not, EAs are required to maintain an active PTIN.

What does CE stand for?

Slow down so you can spell it correctly 🙂

Which one of the following shows CE requirements for Non-Exempt preparers?

• 
• 

Answer explanation

TOTALS:

Non-Exempt = 18 hours

Exempt = 15 hours

What is the final step before a preparer can receive their Record of Completion (ROC)?

• Complete CE course requirements

• Renew their PTIN

• Pay the Fee

• Consent to the Circular 230