EIC Enforcement: How to Avoid Becoming an IRS Target Webinar

Summary

The earned income tax credit (EIC) is a refundable federal income tax credit that is available to individuals with low- to moderate-income levels. The EIC helps low- and moderate-income individuals who are employed by providing them with a much-needed financial boost. According to the IRS, in 2019 alone, more than 26 million taxpayers received around $63 billion from the credit, bringing an average of almost $2,500 per family.

It is also a source of great angst with the IRS due to significant fraud. This webinar will review the requirements preparers must follow, what happens when a preparer is targeted by the IRS and what to do (and not do) if you want to avoid appearing in front of the Office of Professional Responsibility (OPR), Criminal Investigation or both.

Objectives

Upon completion of this course, you will be able to:

• Outline the requirements for preparers to prepare EIC claims
• Identify issues auditors will look for during an EIC audit
• Describe the EIC enforcement process and the role of the audit function, criminal investigations and OPR

Course Details

Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.

This webinar includes the presentation slides and access to the webinar recording.