What's Hot

Topics:

  • It's Official—EITC Awareness Day is January 30, 2015
  • IRS Webinar—Earn Continuing Education Credits Free!!
  • 2014 Nationwide Tax Forums Now Available Online for Auditing or Continuing Education Credit
  • The EITC and Refundable Credit Office is at the Nationwide Tax Forums
  • Legal Same-Sex Marriages Recognized For Federal Tax Purposes
  • Connect Your Social Network to Increase EITC Awareness
  • Guide for Everything EITC for Individuals Online
  • Choosing a Tax Return Preparer
 

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It's Official

EITC Awareness Day is January 30, 2015. Join us in making this 9th EITC Awareness Day successful. Find out more on Awareness Day here. 

Earn Continuing Education Credits Free!! Take an IRS Webinar

The, IRS Webinar, Keeping Up with Earned Income and Refundable Tax Credits, is offered in both English (January 7, 2015) and Spanish (January 8, 2015) for all tax professionals, preparers and enrolled agents. Continuing Education credits are being issued to registered practitioners who attend/watch the English or Spanish webinars.

Keep your tax preparation business in good standing. In just under an hour, you’ll learn how to avoid common errors and penalties when determining eligibility for IRS Refundable Tax Credits such as the American Opportunity Tax Credit, Child Tax Credit and Earned Income Tax Credit. You’ll also hear how due diligence can benefit you, your clients and your business. We will offer tips and resources to help you prepare and file accurate claims for refundable tax credits.

Know the law, ask the right questions and get the facts. Happy clients are returning clients who give good references.

REGISTER TODAY FOR THE KEEPING UP WITH EARNED INCOME AND REFUNDABLE TAX CREDITS WEBINAR

Register here for the English version on Wednesday, January 7, 2015 at  2 p.m. EST
 

Register here for the Spanish version on Thursday, January 8, 2015 at 2 p.m. EST

2014 Nationwide Tax Forums Now Available Online for Auditing or Continuing Education Credit

The two seminars the EITC and Refundable Credit office presented at the 2014 Nationwide Tax Forums are now available online. You can audit the seminars for no fee or pay a fee to take the courses for Continuing Education credit.  Find out more on our tax forum page.

Legal Same-Sex Marriages Recognized For Federal Tax Purposes

The U.S. Department of the Treasury and the Internal Revenue Service recently ruled they will treat same-sex couples, legally married in jurisdictions that recognize their marriages, as married for federal tax purposes. Any same-sex marriage legally entered into in one of the 50 states, the District of Columbia, a U.S. territory or a foreign country is covered by the ruling. But, the ruling does not apply to registered domestic partnerships, civil unions or similar formal relationships recognized under state law.

Under the ruling, IRS will treat same-sex couples as married for all federal tax purposes where marriage is a factor, including filing status, claiming personal and dependency exemptions, taking the standard deduction, employee benefits, contributing to an IRA and claiming the earned income tax credit or child tax credit. Refer to Notice 2013–61, Application of Windsor Decision and Revenue Ruling 2013–17 to Employment Taxes and Special Administrative Procedures for Employers to Make Adjustments or Claims for Refund or Credit, for more information. Or, see IRS’s Frequently Asked Questions for same sex couples.

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Connect Your Social Network to Increase EITC Awareness

Visit our social network page for grab-and-go social media tools including EITC widgets, banner ads, podcasts, and more.

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Guide to Everything Earned Income Tax Credit for Individuals Online

Post a link to, or download this electronic guide for finding EITC information on line. Pub 4935,  Guide to Everything Earned Income Tax Credit for Individuals Online helps you find the information you need to determine eligibility for EITC and how to file accurate EITC claims. This publication describes a topic briefly and then provides a link to an on line resource for more information. We also have an electronic guide for return preparers, find the guide, Pub 4933, Tax Preparers Guide to Everything Earned Income Tax Credit Online here.

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Choosing a Return Preparer

IRS provides tips to taxpayers to ensure they are working with a reputable tax return preparer. Find the fact sheet titled "How to Choose a Tax Return Preparer and Avoid Preparer Fraud" on irs.gov or view the videos on Choosing a Tax Preparer , Choosing a Tax Preparer in American Sign Language or Elegir a un Preparador de Impuestos on YouTube.

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EITC and Due Diligence Made Easy DVD Online

Our EITC Due Diligence Made Easy DVD (IRS Publication 4926) is still available. It contains tools and resources to help you prepare tax returns. The DVD has information for 2012 but is still relevant for the following:

  • Links to the current EITC related forms and publications
  • The popular Due Diligence video clips form the tax forums
  • Basic EITC eligibility requirements
  • The Schedule C and Reconstructing Records training
  • Links to additional resources to make Due Diligence easy for you

Order your copy of the EITC Due Diligence DVD online (enter "4926" in the search box) or, call 1-800-829-3676 to place your order for up to five copies of Publication 4926. Need more copies? Send an email to us at eitc.program@irs.gov.
 

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Page Last Reviewed or Updated: 18-Dec-2014