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Calculating the Earned Income Credit On-Demand Webinar

Summary

Tax returns filed by tax preparers that include the earned income credit (EIC) are commonly audited by the IRS and subject to additional due diligence requirements; therefore, it’s important to correctly claim this credit. EIC provides a tax benefit for taxpayers with a modest income. You may wonder what records or evidence you need from the taxpayer to feel confident the taxpayer is rightfully claiming the credit. This webinar discusses the qualifications, calculation and due diligence requirements to take EIC.

Objectives

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

  • Evaluate whether a taxpayer qualifies to take the earned income credit
  • Calculate the earned income credit for a client
  • Prepare Form 8867 for clients claiming the earned income credit
  • Identify any impacts COVID-19 has on EIC

Course Details

This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.






   

Presented by: Sheri Fronsee, CPA

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