Gain an understanding on the rules governing the Earned Income Tax Credit and the eligibility required to claim this credit.
Gain a better understanding of the rules governing the Earned Income Tax Credit (EITC). This topic is geared to assist tax return preparers and payroll professionals in understanding the EITC and the due diligence requirements behind it. It discusses best practices under the regulations for preparing returns that claim the EITC.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Background for the Earned Income Tax Credit
- History
- Policy Rationale
Eligibility to Claim the EITC
- Income Level
- Family Status
- Employment Status
Mechanism for Claiming the EITC
- Tax Return
- Timing
Duties of Tax Return Preparers in Connection With the EITC
- Due Diligence
- Sources of Information
- Protection Against Potential Liabilities
Duties of Employers in Connection With the EITC
- Information Reporting
- General Withholding Obligations
Problems Presented by the COVID-19 Pandemic
- Late Filing
- Income Limitations
- IRS Return Processing Issues
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on March 5, 2021.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Edward James Leyden, Esq.
Leyden Law LLC
- Owner of Leyden Law LLC in Bowie, Maryland
- Counsels companies on taxation and employment issues
- Has advised a diverse group of clients, including technology companies, health care enterprises, National Football League players, the online gaming community, and the commissioner of Major League Baseball
- Current chair of the American Bar Association Section of Taxation, Committee on Employment Taxes, and has been elected as a fellow of the American Bar Foundation
- Law degrees, University of Baltimore, and the Georgetown University Law Center; undergraduate degree in commerce and engineering, Drexel University
- Can be contacted at [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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