Earned Income Tax Credit


The Earned Income Credit (EIC) is a refundable tax credit that has a significant impact on United States revenue. EIC claims are increasing in both number and amount and it's important for tax professionals to know the rules and common errors surrounding the EIC. 

This course examines the earned income credit rules, the common errors made in claiming the credit, the consequences of its disallowance by the IRS and the requirements imposed on tax return preparers for earned income credit due diligence. The course discusses the rules applicable to everyone, the rules applicable only to individuals with a qualifying child and the rules that apply only when the taxpayer has a qualifying child. The requirements for tax return preparer due diligence are examined and best practices are identified. 

Learning Objectives

After completing this course, students will be able to:

  • identify the earned income credit rules that are used to determine if a taxpayer is eligible for the tax credit
  • identify the common errors committed by tax preparers in connection with the earned income credit
  • identify the consequences of the IRS’s disallowance of the earned income credit
  • recognize the tax return preparer’s EIC due diligence requirements

Tax Year: 2023-2024

Designed For

CPAs, EAs, and other tax professionals

Advanced Preparation


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