Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)
Seminar Level: Beginner
IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (afsp) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.
Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.
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 New Orleans, LOUISIANA, ON JULY 26, 2016, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.
The IRS Wage and Investment Division presented this seminar at the 2016 IRS Nationwide Tax Forum.
Your clients deserve top-notch service! Prepare for the 2017 tax season. This presentation will put you "in the know" on which refundable credits are now permanent or extended once again. This session includes updates on income and credit thresholds, as well as qualifications along with changes in reporting requirements, documentation and refund issuance.
By the end of this presentation, you will be able to:
• Recall the requirements for qualifying for EITC
• Recognize how PATH, Protecting Americans from Tax Hikes ACT and Trade Preferences Extension on refundable credits impacts your clients
• Determine what tools are available to ensure clients get the credits they deserve
• Calculate the potential due diligence penalties that are applicable
• Identify Special rules in your tax practice to provide Top Notch Service
No prerequisites or advanced preparation are required for this seminar.