Federal Tax Refresher Course Overview
ACTUAL QUESTIONS AND CORRECT
ANSWERS
Circular 230 - Correct answers✔Regulations covering professional responsibility for tax
preparers
Tax Code - Correct answers✔Set of laws governing taxation
Inflation Adjustments - Correct answers✔Changes made to account for inflation in tax
calculations
Taxable Income - Correct answers✔Income subject to taxation after deductions
Deductible Expenses - Correct answers✔Costs that can be subtracted from income to reduce tax
liability
Circular 230 Requirements - Correct answers✔Mandated practices and procedures for tax
preparers
Annual Filing Season Program (AFSP) - Correct answers✔Program for non-exempt preparers to
enhance tax knowledge
Enrolled Agents - Correct answers✔Tax advisors authorized to represent taxpayers before the
IRS
, AFTR Exam - Correct answers✔Test to assess tax knowledge for AFSP participants
Ethics - Correct answers✔Moral principles governing professional conduct
Federal Tax Law Topics - Correct answers✔Subjects covering laws related to federal taxation
Registered Tax Return Preparer (RTRP) - Correct answers✔Individual who passed IRS test
between 2011-2013
Special Enrollment Exam (SEE) - Correct answers✔IRS exam for tax professionals seeking
enrollment
VITA Volunteers - Correct answers✔Individuals assisting with Volunteer Income Tax Assistance
program
Accredited Business Accountant/Advisor (ABA) - Correct answers✔Credential for tax
professionals by Accreditation Council for Accountancy and Taxation
Accredited Tax Preparer (ATP) - Correct answers✔Credential for tax professionals by
Accreditation Council for Accountancy and Taxation
CPAs - Correct answers✔Certified Public Accountants
EAs - Correct answers✔Enrolled Agents licensed to practice before the IRS
ERPA - Correct answers✔Enrolled Retirement Plan Agent
ACTUAL QUESTIONS AND CORRECT
ANSWERS
Circular 230 - Correct answers✔Regulations covering professional responsibility for tax
preparers
Tax Code - Correct answers✔Set of laws governing taxation
Inflation Adjustments - Correct answers✔Changes made to account for inflation in tax
calculations
Taxable Income - Correct answers✔Income subject to taxation after deductions
Deductible Expenses - Correct answers✔Costs that can be subtracted from income to reduce tax
liability
Circular 230 Requirements - Correct answers✔Mandated practices and procedures for tax
preparers
Annual Filing Season Program (AFSP) - Correct answers✔Program for non-exempt preparers to
enhance tax knowledge
Enrolled Agents - Correct answers✔Tax advisors authorized to represent taxpayers before the
IRS
, AFTR Exam - Correct answers✔Test to assess tax knowledge for AFSP participants
Ethics - Correct answers✔Moral principles governing professional conduct
Federal Tax Law Topics - Correct answers✔Subjects covering laws related to federal taxation
Registered Tax Return Preparer (RTRP) - Correct answers✔Individual who passed IRS test
between 2011-2013
Special Enrollment Exam (SEE) - Correct answers✔IRS exam for tax professionals seeking
enrollment
VITA Volunteers - Correct answers✔Individuals assisting with Volunteer Income Tax Assistance
program
Accredited Business Accountant/Advisor (ABA) - Correct answers✔Credential for tax
professionals by Accreditation Council for Accountancy and Taxation
Accredited Tax Preparer (ATP) - Correct answers✔Credential for tax professionals by
Accreditation Council for Accountancy and Taxation
CPAs - Correct answers✔Certified Public Accountants
EAs - Correct answers✔Enrolled Agents licensed to practice before the IRS
ERPA - Correct answers✔Enrolled Retirement Plan Agent
