Looking to Tax Year 2022: American Rescue Plan Tax Changes to the Earned Income Tax Credit and Other Child-Related Credits

Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxes (NASBA); Federal Tax Law Update (IRS)

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 Seminar was recorded on August 3rd, 2022, and was a Virtual Online Event Due to COVID 19

Seminar/Program Level: Basic
Recommended Continuing Education Credit: 1

Some parts of the American Rescue Plan Act of 2021 expired after 2021. This webinar will explore the rules for the earned income tax credit (EITC), child tax credit (CTC), additional child tax credit (ACTC), credit for other dependents (ODC), and the child and dependent care credit (CDCC) for tax year 2022 returns. It will also explain additional resources, training and tools available at no charge to tax professionals through IRS’ online Tax Return Preparer Toolkit.

At the conclusion of this webinar, you will be able to:

Determine the eligibility rules for EITC, CTC, ACTC, ODC, AOTC & Head of Household filing status
Outline what your Due Diligence responsibilities are as Professional Tax Professionals
List how to avoid common errors when claiming applicable tax benefits
Discuss ways to address some of the questions most frequently asked by Tax Professionals
Determine where to find online recourses for applicable tax benefits
Recognize the kinds of cases TIGTA is prosecuting

No prerequisites or advanced preparation are required for this seminar.