Paid Preparer Due Diligence Training Module
The Paid Preparer Due Diligence Training helps you, as a tax preparer, better understand the earned income tax credit (EITC), the child tax credit (CTC), the additional child tax credit (ACTC), the credit for other dependents (ODC), the American opportunity tax credit (AOTC), the head of household (HOH) filing status and your responsibilities under the paid preparer due diligence regulations.
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Paid Preparer's Due Diligence Checklist
Paid tax return preparers are required to exercise due diligence when preparing any client’s return or claim for a refund. Starting in 2016, the paid tax return preparer's Earned Income Credit (EIC) due diligence, and recordkeeping requirements ...
Paid Preparer Due Diligence Audit Videos
Paid Preparer Due Diligence Exam Initial Contact - Part 1 Paid tax preparer receives a letter stating returns prepared will be examined for meeting due diligence requirements. Preparer contacts IRS Agent to set up an appointment. CLICK HERE to watch ...
Paid Preparer Knowledge Requirement and Documenting Taxpayer Responses
Paid Preparer Due Diligence Requirements A preparer complies with the due diligence requirements set forth in Treasury Regulations for the EIC, the CTC/ACTC, or the AOTC claimed on a return or claimed for a refund if they do the following: Complete ...
Document Retention Requirements for Paid Preparers
A paid tax return preparer is required to exercise due diligence when preparing a client's tax return or claim for refund. As part of exercising due diligence, the preparer must interview the client, ask adequate questions, and obtain appropriate and ...
What To Expect During A Due Diligence Audit 2022
Keys to mastering Due Diligence Requirements CLICK HERE to watch this IRS Webinar.