Visit our Hot Topics for Return Preparers for what's new in the return preparer world.
Keep up with Hot Topics for Partners
Try out the Hot Topics for Other Refundable Credits
And. see our What's Hot Archived Topics
Thank you to all who helped make EITC Awareness Day successful and watch this site for EITC Awareness Day success stories.
But, we still need your help to capture the attention of those eligible for EITC and motivate them to explore whether they qualify. Also, point them to no-cost options for tax return help—volunteer tax assistance and Free File. Remember that volunteers are also trained to help with other credits, the child tax credit, the education credits and the premium tax credit.
Continue throughout this filing season to get the word out to those who qualify but don't file a tax return. Explore this site for ideas and the products you need to get the word out. Or, see our quick EITC outreach kit highlighting ideas and key products (pdf format).
The IRS webinars that aired January 7, and 8, 2015 are now available for your viewing. 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. IRS subject matter experts offer tips and resources to help you prepare and file accurate claims for refundable tax credits. View the Keeping Up with Earned Income and Refundable Tax Credits video here. View the El Crédito por Ingreso del Trabajo y Créditos Reembolsables video which aired 8 de enero de 2015 here.
Educators (colleges, universities, trade and technical schools), those who prepare the Form 1098-T and tax returns preparers if you missed the IRS Webinar, Not Just College Credits; it's Tax Credits Too or would like to review it, we will post a link to the seminar in about 3 weeks. If you have comments or questions about the webinar, please contact us. Find out What You Need to Know about AOTC and LLC here.
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.
Visit our social network page for grab-and-go social media tools including facebook ads, banner ads, podcasts, and more.
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.
IRS Urges Taxpayers to Choose a Tax Preparer Wisely for the Filing Season Ahead. Find tips for choosing a tax return preparer here or view the IRS videos on YouTube:
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