Earned Income Credit Due Diligence - Updated for 2024
SKU: 02-262-01-CPE
Credit Hours: 3
CPE Category: Taxes
CE Category: Federal Tax
Delivery Method: Online PDF
Instructor: Paul J. Winn CLU ChFC
Course Description:
This course summarizes the earned income credit rules, examines the common errors committed when claiming the credit, discusses the EIC due diligence requirements imposed on professional tax return preparers, and identifies the sanctions to which preparers and their employers may be subject for a failure to meet expected due diligence requirements.
Upon completion of this course, you should be able to:
- Recognize the earned income credit eligibility rules
- List the common errors committed in connection with claiming the earned income credit
- Describe the consequences for the taxpayer of the IRS’ disallowance of the earned income credit
- Identify the tax return preparer’s earned income credit due diligence requirements
- List the sanctions that may be applied on a tax return preparer and his or her employer for a failure to meet due diligence requirements.