Earned Income Tax Credit: Due Diligence for Preparers
Target Audience: CPAs, EAs, RTRPs
Field of Study: Taxation (NASBA); Federal Tax (IRS)
Seminar Level: Beginner
IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG.
DISCLAIMER: THIS SEMINAR WAS FILMED IN ORLANDO, FLORIDA, ON JULY 13, 2011, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.
The Wage and Investment operating division delivered this seminar at the IRS Nationwide Tax Forum in Orlando, Florida, in July 2011.
Meet EITC due diligence requirements and avoid preparer penalties. Learn what is required to know the law, ask the right questions, get all the facts and document the answers. This seminar complements IRS free online due diligence training program.
By the end of this presentation you will:
- Know the qualifications for EITC
- Learn the income limits and EITC amounts for TY 2011
- Understand how due diligence benefits preparers and their clients
- Learn best practices for resolving or avoiding qualifying child issues, filing status issues, and income reporting issues
No prerequisites or advanced preparation are required for this seminar.