CPE Credits: 2
Course Level: Basic
Prerequisites: Basic Knowledge of Income Taxation
Advance Preparation: None
Fees: $49 for Members and $60 for Nonmembers
Summary
The Earned Income Credit provides both an opportunity for taxpayers as well as compliance issues for tax preparers. This session will review the rules tax return preparers must follow, including ethical situations we may encounter. It also will examine various penalties that may be assessed against preparers as well as taxpayers for failure to comply with the rules.
Objectives:
Upon completion of this webinar, you will be able to:
- Discuss Earned Income Credit Due Diligence Issues for Preparers.
- Accurately complete and calculate your client’s earned income credit.
- Evaluate potential issues as to dependency of children which effect EIC.
- Understand and analyze the accuracy of computer prepared calculations.
- Examine scenarios where tax professionals may conclude that EIC should be disallowed.
Presenter: Steve O'Rourke, EA