EITC Due Diligence
webinarProduct Description
The Earned Income Credit (EIC) is a refundable tax credit that has a significant impact on United States revenue. It is
also the source of a disproportionately large number of errors in tax returns in which a claim for it is made. In a recent year, 150.3 million
individual federal tax returns were filed, and more than 27.4 million—18.2% claimed the Earned Income Credit . Based on that percentage, it
would not be unexpected that, in the years ahead, approximately one taxpayer in every five will claim the EIC. Approximately 70% of federal
income returns claiming the earned income credit are prepared by professional tax return preparers.
This course briefly 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.
Attendee Requirements
THIS IS A REBROADCAST - Earn Live CPE credit. This is a rebroadcast of an earlier webinar with a Live Moderator to answer your questions.
You must have a high speed internet connection, speakers connected to your computer, headphones or call in for audio and a monitor.
If you have more than 1 person PAID FOR and REGISTERED for the streaming webinar and all would like to watch from the same computer, please complete the Proctor Form and return to us AFTER completion of the webcast in order to receive CPE credit.
You can log in 10 minutes early. Please note-you will not see or hear the speaker until the prompt start time.
All streaming webinar times listed are Eastern Time Zone. Please adjust to your time zone.
Prerequisites
NoneField of Study
Regulatory Ethics-2.00Hours
2NASBA Categories
Regulatory EthicsCourse Level
IntermediateCourse Objectives
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; and
• 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.
Speaker Details
Terry Bakker CPA, EA
Disclaimer
Fees and Schedule - This TaxSpeaker Internet-Live webcast will begin and end promptly at stated time. All 8-hour webcasts will break for lunch, and have 2, 10-15 minute breaks.
Attendees must answer 75% of all polling questions given during the day to obtain the full hours of CPE Credits.
Cancellation, Transfer and Refund Policy Registration fees will be refunded in full for up to 30 days in advance of the seminar. Registrations cancelled between 1-30 days prior to the seminar date are subject to a $50 cancellation fee. For more information regarding administrative policies, complaints and refunds please contact us at 877-466-1040 for auxiliary aid needs or visit www.taxspeaker.com.
NO REFUNDS/TRANSFERS WILL BE ISSUED AFTER THE SEMINAR BEGINS. NO EXCEPTIONS.
Continuing Education
Jennings Advisory Group, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. NASBA Sponsor #108251
Jennings Advisory Group, LLC has entered into an agreement with the Return Preparer Office, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Return Preparer office as to the quality of the program or its contribution to the professional competence of the enrolled individual. IRS Sponsor Number 5KBKR.
ALL OF OUR TAX COURSES HAVE IRS APPROVAL UNLESS OTHERWISE NOTED**
