Course Description:

Congress added yet another item to the Form 8867 Due Diligence Checklist with the Tax Cuts and Jobs Act of 2017. Will you have procedures in place to adequately demonstrate the knowledge requirement for Head of Household this upcoming filing season.

Did you know failure to ask the right questions and document the responses may result in a $520 per infraction? This applies for:

• • Earned Income Tax Credit
  • Additional Child Tax Credit
  • American Opportunity Credit
  • Head of Household Filing Status

One bad taxpayer improperly claiming head of household, and tax credits for EITC and Child Tax could result in a very expensive penalty.

Professor Arthur Reed, MBA, CPA, MST  will review the new Form 8867 delve into the Circular 230 Due Diligence Requirements as well. If you haven’t seen the new IRS videos on Due Diligence, we will display one to get an idea of what the IRS may be looking for during a Due Diligence “Visits” as they call them.  Course is approved for 2 Credit Hours of IRS CE Credit.  Field of Study is Federal Tax Law Update.

Delivery:Video Course
Instructor: Arthur Reed
Credit Hours: 2
Field of Study: Update
Approval: IRS, CTEC

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