MAINE TAX PRACTITIONER INSTITUTE

coordinated by the Augusta Chapter

• The Maine Tax Practitioner Institute holds workshops at three convenient locations throughout Maine. It is designed for the professional tax practitioner and others who wish to stay current with Federal tax regulations. Augusta SCORE coordinates these workshops with the Internal Revenue Service. Specialists in the field of taxation will make the presentations and stand ready to answer your questions.

• We have held our fee the same amount for four years but our costs have risen to the point where we must pass along these increases. In addition the IRS requires Continuing Education Providers to pay a substantial fee for registering their workshops.

• This year you will be provided with two workbooks which are included as part of the fee: Federal Tax Workbook “Tax Update and Ethics" and “Entities and Advanced 1040 Issues". Our fee this year is $125.

• The format has been changed this year to an all Federal tax program and is designed to provide 8 IRS Continuing Education credits to assist preparers in fulfilling the IRS requirements. We will provide 2 hours of Federal tax law update, 4 hours of other Federal tax law education and 2 hours of ethics and professional responsibility.

• A certificate awarding eight IRS Continuing Education Credits will be presented to attendees completing the workshop.

• The Maine Tax Practitioner Workshop has been approved by the Maine Overseers of the Bar for continuing education credits.

• We believe that the Maine Tax Practitioner Workshop also qualifies for continuing education credits for CPAs under Chapter 5 Section 9(A)(1)(f) of the Rules of the Maine Board of Accountancy Click here to download the rules.

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• Treasury Department Circular No. 230 specifies that continuing education credits must be obtained from IRS approved Continuing Education Providers and the requirements are listed below:

Enrolled Agents - 72 hours every three years.

Obtain a minimum of 16 hours per year (2 of which must be on ethics).

Registered Tax Return Preparers - 15 hours per year (beginning in calendar year 2012).

2 hours of ethics; 3 hours of federal tax law updates; 10 hours of other federal tax law.

Registered Tax Return Preparer candidates (provisional PTIN holders who have until 12/31/13 to become RTRPs) - 15 hours per year (beginning in calendar year 2012).

2 hours of ethics; 3 hours of federal tax law updates; 10 hours of other federal tax law.

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