The Earned Income Tax Credit (EITC) is by far the largest refundable credit available to individuals filing tax returns.  This fact inevitably brings the scammers out of the woodwork trying to cash in on what they see as easy money.  The fact of the matter is that you, the tax preparer, need to be sure […]

Offices preparing returns that have had the Earned Income Tax Credit denied will be receiving compliance letters stressing the importance of operating with Due Dilligence in the future.  Earned Income Tax Credit is one of the most fraudulently used tools in individual tax preparation.  As a preparer you should be aware of the EITC due diligence requirements as well […]