Hot Topics for Return Preparers

Scroll down for news on these Hot Topics:

  • Earn Continuing Education Credits Free!! Take an IRS Webinar
  • Sending Letters to, Visiting and Auditing Client Returns of Tax Preparers Filing Questionable EITC Claims
  • 2014 Nationwide Tax Forums Now Available Online for Auditing or Continuing Education Credit
  • IRS EITC Compliance Strategy Brings in Injunctions
  • Protect Your EFIN and PTIN
  • EITC and Due Diligence Made Easy DVD
  • Make a Complaint About a Tax Return Preparer
  • Don't Miss Any EITC News

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

Sending Letters to, Visiting and Auditing Client Returns of Tax Preparers Filing Questionable EITC Claims

We are sending letters starting October 1 and continuing through December to preparers filing questionable EITC claims. The letters:

  • pinpoint the primary issues identified on the returns,
  • talk about the consequences of filing inaccurate claims for EITC, and
  • lets the preparer know we will continue to monitor the types of claims for EITC they file.


We will include the Letter 5138 notifying preparers who received one of the warning letters previously that IRS may audit their clients’ returns in this mailing.
For more information and examples of the letters in English or Spanish, see our page, Reaching Out to Preparers.

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.

IRS EITC Compliance Strategy Brings in Injunctions


The IRS recently got another  EITC Due Diligence injunction that prohibits preparers from preparing any further federal income tax returns. The cumulative injunctions represent over $115 million dollars in harm to the government. Find more information on the process and the preparers involved here.

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Protect Your EFIN and PTIN

Keep yourself and your practice safe from fraud. We have found unauthorized uses of PTINs, Preparer Tax Identification Numbers, and EFINs, Electronic Filing Identification Numbers. Find out more on our page, What Can I Do to Protect my EFIN and PTIN?

EITC and Due Diligence Made Easy DVD

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 from 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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Make a Complaint Against a Tax Return Preparer

Use this site to find out how to file a complaint about a tax preparer.

 

Don't Miss Any EITC News

Visit What's Hot on EITC Central for more news related to EITC and Visit our Hot Topics for  Partners for what's happening to increase EITC awareness. 

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Page Last Reviewed or Updated: 18-Dec-2014