Be Tax Ready – Understanding Eligibility Rules for EITC, AOTC, CTC and Head of Household Filing Status
Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxation (NASBA); Federal Tax Law (IRS)
Seminar Level: Beginner
IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.
Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.
IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE:
WWW.LEARNINGMARKET.ORG.
DISCLAIMER: THIS WEBINAR WAS RECORDED ON JULY 23, 2020, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.
Participants will explore scenarios from the Tax Preparer Toolkit and have an opportunity to test their understanding of the Earned Income Tax Credit, Child Tax Credit/Additional Child Tax Credit, Credit for Other Dependents, American Opportunity Tax Credit and Head-of-Household filing status rules.
By the end of this presentation you will be able to:
- Determine tax credits and Head of Household eligibility requirements
- Identify common due diligence errors
- Name an online resource for paid preparers
- List Due Diligence requirements for paid tax return preparers
- Determine when a social security number is required
No prerequisites or advanced preparation are required for this seminar.