California Tax Education Council (CTEC) — 60-HOUR QUALIFYING EDUCATION COURSE.
California Tax Education Council (CTEC) — 60-HOUR QUALIFYING EDUCATION COURSE Table of Contents;
About CTEC 60-Hour Qualifying Education Course:
CTEC 60-Hour Course is the first step to becoming a tax professional in California and to prepare taxes for compensation.CTEC 60-hour course Table of Contents:
43-Hours of federal tax law topics,
2-hours of ethics, and
15-hours of California tax law topics.
Tax Code, Regulations and Official Guidance (Internal Revenue Code).
Laws Governing Tax Practice:
Any tax professional with the appropriate education, training, and experience is certainly familiar with the U.S. tax code, along with local laws and regulations governing tax practice.
Whether they are working with clients to prepare individual tax returns, working as an accountant for a company, or providing professional tax advice, or interfacing directly or indirectly with the IRS is obligated to bound to code of conduct known as Circular 230.
As an official publication of the governing body of the IRS, the Department of the Treasury, Circular 230 is the defining standard of conduct for any Certified Public Accountant, Enrolled Agent, tax attorney, and anyone else working as a taxation professional.
The document, available on the IRS website, is complex, but tax professionals don’t need to read it line by line to understand it and use it in their practice.
California Tax Education Council (CTEC) — 43-HOUR CALIFORNIA TAX LAW COURSE.
California Tax Education Council (CTEC) — 43-HOUR CALIFORNIA TAX LAW, SCENARIOS and EXAMINATION Tabke of Contents;
BASIC INCOME TAX FORMULAIncome
— Deductions from income
== Tax Liability
— Tax Payments and Tax Credits
== Refund or Tax Due
California Tax Education Council (CTEC) — 2-HOUR ETHICS COURSE.
California Tax Education Council (CTEC) — 2-HOUR ETHICS COURSE Table of Contents.
2-HOUR ETHICS PROFESSIONAL COURSEThe course is based on 2020 Internal revenue Circular 230 ethics tax code.
This intermediate self-study course covers Federal Tax Preparer Ethics and is eligible for 2-hours of CPE credits.
THE IMPORTANCE OF ETHICS IN TAXATION:
As the IRS explained in its guide to frequently asked questions concerning Circular 230, the document outlines not only ethical standards that every U.S. tax professional must adhere to, but also the details of what constitutes a violation of those ethical standards and what sanctions may be applied as a result.
Experienced Tax professionals are familiar with IRS Tax Code, Official Guidance and Regulations (Internal Revenue Code) and the IRS Circular 230 Best Practices PDF governing the tax practice.
The Federal tax law begins with the Internal Revenue Code (IRC) in the Title 26, United States Code.
The Internal Revenue Code (IRC) codifies all federal tax laws, including income, estate, gift, excise, alcohol, tobacco, and employment taxes. These laws constitute Title 26, U.S. Code.
Tax professionals must follow the code of conduct known as Circular 230 when they are working with clients to prepare individual or business tax returns, working as an accountant for a company, providing professional tax advice, or interfacing with IRS.
The Treasury Department Circular No. 230 is an official publication of the governing body of the IRS and the defining standard of conduct for any Certified Public Accountant, Enrolled Agent, Tax Attorney, and anyone else working as a tax professional.
The Treasury Department Circular No. 230 (Rev. 6-2014), the current document, is available on the IRS website.
IRS 2021 Important News!
Receive Advance Child Credit Payments Monthly, beginning July 15:
There have been important changes to the Child Tax Credit that will help many families receive advance payments.
The IRS will pay half the total credit amount in advance monthly payments beginning July 15.
You will claim the other half when you file your 2021 income tax return. The American Rescue Plan Act (ARPA) of 2021 expands the Child Tax Credit (CTC) for tax year 2021 only.
