Earned Income Credit is probably one of the best credits that a taxpayer could qualify for. This is a refundable credit that has many restrictions as to whom can qualify and how much the credit will be.
Because of the extreme differences in the credit amount based on a persons qualifications and the fact that it is refundable, there could be penalties and interest applied to both the taxpayer and the tax preparer if it is not applied correctly.
This course is designed to review the qualifications for the earned income credit and steps you need to complete in order to prove due diligence.
By the time you are finished with this course you should be able to know the steps to find out if someone qualifies for the EIC and if they have a qualifying child.
This is a tax law fundamental course that all tax preparers should know extensively. Whether you are a first time tax preparer that needs to know the basic rules or a seasoned tax professional that needs a refresher, this course is for you.
IRS CE credit of 2 hours is provided with this course.