Form 1120-S: Comprehensive Line-by-Line Preparation
Prerequisites
No prior knowledge, experience, or preparation is required before starting this course. Anyone can enroll without completing any prior coursework.
Course Overview
By successfully finishing the 2026 Annual Federal Tax Refresher (AFTR) Course, participants take a step toward meeting one of the voluntary requirements for receiving an IRS Annual Filing Season Program (AFSP) Record of Completion for the 2027 filing season.
Anyone interested in understanding the full value of this program can find additional details on the IRS Annual Filing Season Program page .
The course content is organized into three core areas:
- New Tax Law/Recent Updates*
- General Review
- Practices, Procedures, and Professional Responsibility
*Content for this section is based on the official outline the IRS published in April 2026.
$229.00
This course includes
Online study guides, a printable course handout for each domain section, and an online AFTR Comprehension Test.
You have three hours to complete the test and it must be completed in one sitting.
Our AFTR Comprehension Test structure allows up to three (3) attempts to pass the final exam.
The test is open book. If necessary, have your Course Handout or other resources available.
Six (6) hours of AFTR Course and Test credits are reported to the IRS upon successful completion of this course.
To earn an AFSP Record of Completion for the 2027 filing season, preparers must:
- Complete an Annual Federal Tax Refresher (AFTR) course by December 31, 2026 unless exempt.
- Earn specified continuing education (CE) credits by December 31, 2026 — see below or IRS Pub 5646 .
- Obtain or renew a PTIN for 2027 after the PTIN renewal season begins in October 2026.
- Consent to adhere to the obligations in Circular 230, Subpart B and section 10.51.
AFSP Record of Completion CE Requirements
- Non-Exempt preparers: 6 credits for AFTR Course & Exam, 10 credits of Federal Tax Law, 2 credits of Ethics, for a total of 18 CE credits.
- Exempt preparers: 3 credits of Tax Law Update, 10 credits of Federal Tax Law, 2 credits of Ethics, for a total of 15 CE credits.
Important clarification for Exempt Preparers
A quick clarification: preparers under "Exempt" status are allowed to enroll in the AFTR course and have it count for 6 hours of continuing education — with one exception.
Important exception:
Enrolled Agents do not qualify for CE credit when completing this particular course.
For those who do qualify as Exempt, only 3 of the 6 hours go toward the federal tax law update requirement.
The other 3 hours are credited instead toward the federal tax law requirement.
CPE Facts
Review the continuing education details for this course.
Note: Individuals with other professional credentials should check with their state licensing board or accrediting organization to determine if this program meets their continuing education requirements.
