Description
Gain an understanding on the rules governing the Earned Income Tax Credit and the eligibility required to claim this credit.Gain a better understanding of the rules governing the Earned Income Tax Credit (EITC). This topic is geared to assist tax return preparers and payroll professionals in understanding the EITC and the due diligence requirements behind it. It discusses best practices under the regulations for preparing returns that claim the EITC.
Date: 2021-03-05 Start Time: End Time:
Learning Objectives
Background for the Earned Income Tax Credit
• History
• Policy Rationale
Eligibility to Claim the EITC
• Income Level
• Family Status
• Employment Status
Mechanism for Claiming the EITC
• Tax Return
• Timing
Duties of Tax Return Preparers in Connection With the EITC
• Due Diligence
• Sources of Information
• Protection Against Potential Liabilities
Duties of Employers in Connection With the EITC
• Information Reporting
• General Withholding Obligations
Problems Presented by the COVID-19 Pandemic
• Late Filing
• Income Limitations
• IRS Return Processing Issues
AIPB ,Enrolled Agents ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Edward James Leyden, Esq.-Leyden Law LLC
