Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Ethics (NASBA); Ethics (IRS)
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 CHICAGO, ILLINOIS, ON JULY 24, 2019, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.
The IRS Taxpayer Wage and Investment Division presented this seminar at the 2019 IRS Nationwide Tax Forum.
With one filing season complete under the new law, tax professionals continue to have questions on the effect TCJA legislation has on child tax credit/additional child tax credit/other dependents credit and the head of household filing requirements. This presentation provides information on the due diligence requirements and several complex relationship issues involving credits and filing status. This session will also include additional training resources and tools available at no charge to participants.
By the end of this presentation, you will be able to:
• List the Expanded Due Diligence Requirements
• Determine when Due Diligence is mandatory
• Identify who meets CTC and ACTC Qualifying Child Requirements
• Calculate the paid preparers potential penalties for failure to comply with Due Diligence
• List the resources available to paid preparers and where to find them
No prerequisites or advanced preparation are required for this seminar.