Each course is 50 minutes of video and/or PDF deliverables.

Cost are subject to change and are listed on the course outline link

All our courses at this time are online and you set your own schedule.

Not at this time, but we are working on a Spanish translation in the future.

Our general requirement is that participants must complete all course with 70% to complete the course.

Our courses are designed to cover the basic tax prepartion requirements and build the foundation needed to prepare a tax return.

NO, credit for previous education or training is offered. No credit earned at FTI may be transfer to another educational institution.

No. Shortly before the start of the 2013 tax filing season, the IRS lost their authority to require tax preparers to take and pass the test they were calling the Registered Return Preparer Exam. The IRS’s new program, called the AFSP (Annual Filing Season Program) is now in effect, and is voluntary. Even though this new program is optional there are some disadvantages for those preparers that choose not to participate. If you choose to not take the AFSP you will not be listed on the IRS’ website as an AFSP preparer and you will not have the ability to speak with the IRS regarding tax returns you file.

Yes. California, Oregon, New York, and Maryland all have individual state level requirements for tax preparers. If you reside and are preparing tax returns in these states please consult a Federal Direct account representative for the requirements for your state.

$64.25 is the price to initially obtain a PTIN. PTINs must be renewed annually for $50.00.

Yes, if you are going to be preparing returns within the United States. There is a waiver for this requirement for preparers located outside of the US.

You set your own pace, it depends on the amount of time you devote to your studies and on your individual speed of learning.

Absolutely not. And you don’t need any experience in tax work either.

The RTRP exam is no longer required nor is it available. The US appeals court ruled on January 18th, 2013 that the IRS does not have the authority to require that exam. Our Federal Income Tax Course did prepare students for that exam when it was required.

Most of our students come to us with prior years tax experience. They rely on our traning to update their knowledge, supplement their skills to meet new job requiremets. They come us to get their EA certification, our Federal Tax Refresher (AFTER Course) and more.

Absolutely. Tax practice is particularly well suited for older persons, not only because the work involves little physical exertion, but even more so because clients instinctively feel confident in the competence and judgment of a mature individual. Then too, tax preparation is light, enjoyable work performed in delightful working conditions at your own working pace. For the same reason, tax work constitutes an excellent part- or full-time source of income for those with physical disabilities.

No. If you prepared the return, a tax preparer may, under IRS rules, represent the client at the audit. The only function that requires CPA or Enrolled Agent status is practice before the IRS Appeals Divisions. And, even then you can accompany the client to explain the return and argue his case. Since only about 1 to 3 percent of returns are audited, and the great majority of those cases are settled at the audit, you will find this restriction to be of little practical importance.

No, all students are required to have a minimum of a high school diploma or equivalent.

Students must be 18 years or age or older at the time of enrollment with Financial Traning Institution.

The Internal Revenue Services (IRS) defines a “tax return preparer” as “an individual who, for compensation, prepares all or substantially all of a federal tax return or claim for refund”.

The IRS requires all paid tax preparers to sign up with the IRS and obtain a preparer tax identification number (PTIN). All tax preparers will need to renew an existing PTIN annually. Enrolled Agents have separate requirements, Click Here to learn more. Please note, residents of California and Oregon will also need to complete a state registered tax preparation course approved by their respective state.

How do you become an enrolled agent? There are two tracks to becoming an enrolled agent.

These tracks are described in Federal regulations contained in a pamphlet known as Treasury Department Circular 230, Regulations Governing the Practice of Attorneys, Certified Public Accountants, Enrolled Agents, Enrolled Actuaries, and Appraisers Before the Internal Revenue Service.

The two tracks are:

•Written examination.

You can become an enrolled agent by demonstrating special competence in tax matters by taking a written examination.

This track requires that you –

•Apply to take the Special Enrollment Examination (SEE); Prometric.com

•Achieve passing scores on all parts of the SEE;

•Apply for enrollment; and

•Pass a background check to ensure that you have not engaged in any conduct that would justify the suspension or disbarment of an attorney, CPA, or enrolled agent from practice before the IRS.

•IRS experience.

You can become an enrolled agent by virtue of past service and technical experience with the IRS that qualifies you for enrollment.

This track requires that you –

•Possess the years of past service and technical experience specified in Circular 230;

•Apply for enrollment; and

•Pass a background check to ensure that you have not engaged in any conduct that would justify the suspension or disbarment of an attorney, CPA, or enrolled agent from practice before the IRS.

Continuing Education Requirements

The IRS requires 16 hours minimum per year, with a total of 72 hours within 3 years.

They also require a minimum of 2 hours of Ethics per year, with a total of 6 hours within 3 years. The 16 hours minimum per year can include 2 hours of Ethics.

You can obtain a PTIN online by going to the IRS website: www.irs.gov/PTIN It only takes about 15 minutes to apply. Generally your PTIN will be provided to you immediately once you complete the application. Here is what you should have ready before you apply: Your name and mailing address

This is honesty with morale and ethics compounded on top. Integrity is about conduct while honesty is about adherence to the facts.

No. As a tax preparer, you do not have a required continuing education requirement at the Federal level. While many tax preparers choose to take continuing education for their own betterment and to keep up on changing tax laws, it is not a requirement for being a tax preparer. Enrolled Agents and CPAs DO have an annual continuing education requirement, as do tax preparers wanting to obtain the voluntary AFSP designation. Tax preparers should also be aware of different state level continuing education requirements which can differ from state to state. 

Yes. All tax return preparers who are compensated for preparing or assisting in the preparation of any federal tax returns must possess a valid PTIN, and must renew that PTIN every year they intend to preparer tax returns.

Yes. You must be 18 years of age to obtain a PTIN

You can visit the IRS preparers PTIN website at – www.irs.gov/ptin

You can see the cost of our Federal Tax Course on the course description page. No extras to pay for or unpleasant surprises with cost. Most of our graduates reported that a few days work during tax season pays them enough to recover the entire cost of their training.

Our school was created out of the need to provide additional training opportunities for team members of Tesoco Financial Corporation as a result of the founder not being satisfied with how easy someone could pass a course and represent the industry. The founder quickly realize how little the average tax payer understand about tax preparation and decided to create specialize course for the company regular clients.

Our comprehensive list of courses is written by our own instructors who are trained educators with practical experiences in the preparation of both federal and state income tax preparation. Members of our executive team are required to write and teach courses every year to demonstrate their knowledge of tax topics. It is our goal that our students will be proficient enough to work immediately after graduation.

Don’t let other institution fool you, without experience you will not be on top of your craft with just 18 IRS CE Credits. This is why we push our students to take advantage of over 40 IRS CE Credits to have the knowledge to help tax payers solve what can be complex issues.

Yes. Because of the difficulties in obtaining qualified staff members, CPAs, Public Accountant, and Tax Service firms enroll selected members of their staff in our training program. Others encourage their employees to enroll on their own by offering partial or complete tuition reimbursement upon satisfactory completion of the course.

NO, some of our students are client of Tesoco Financail Corpration.

Most accountant’s primary duties and sources of income are the preparation of financial statements, audits, installation and supervision of accounting systems, management and consulting services, and the like as well as complicated business tax returns. They are, as a rule, not anxious for tax return work for individuals because the seasonal rush interferes with their year-round practice. In fact, we show you how you can obtain valuable client referrals from many of these firms.

IRS does not approve or accredit schools or courses to initially train tax preparers, but they do approve providers of continuing education programs. Tesoco Financial Corporation is an IRS approved Continuing Education (CE) Provider and offers programs that satisfy the annually required CPE credits for Enrolled Agents.