Name: Earned Income Credit - 2024 Tax Returns
Price: 99 CAD
Rating: 4.7 (12 reviews)

What You'll Learn

check_circleIdentify and explain the specific changes to the Earned Income Credit (EIC) introduced by the American Rescue Plan Act for the tax year 2021.

check_circleDifferentiate between the temporary changes to the EIC applicable only to the tax year 2021 and the permanent changes that remain part of the tax law.

check_circleDefine and elucidate the 15 rules governing the eligibility and claiming of the Earned Income Credit, including income thresholds, filing status requirements, and qualifying child criteria.

check_circleAnalyze the importance of due diligence in claiming the EIC, including understanding the requirements and implications of Form 8867, and ensuring compliance with IRS regulations.

check_circleAssess the practical implications of the EIC changes and due diligence requirements on tax preparation and compliance practices, and formulate strategies to accurately claim the credit while minimizing risks of errors or audits.

About This Course

This course covers changes to the earned income credit for 2021. The American Rescue Plan made substantial changes to the EIC for 2021, with some changes specific to 2021-only, while some changes remain a permanent part of the law. We will cover the 15 rules for claiming the EIC, and also cover Form 8867 due diligence.

This course will cover the following topics:

Understand the EIC changes for 2021-only
Understand the EIC changes that are permanent
Define the 15 rules for claiming EIC
Understand due diligence and Form 8867

Your Instructors

Lambers Inc.

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Lambers, Inc. is a leader in review courses for the EA, AFSP, and CPA exams. Lambers also offers IRS Continuing Education for Tax Preparers and CPE for CPAs. Accounting and finance professionals around the world incorporate Lambers products into their training programs.

Jason Dinesen

LPA, EA

Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on accounting and bookkeeping services, tax preparation and business advising to individuals with a business focus ranging from home-based businesses to multistate corporations and not-for-profits. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College.

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Earned Income Credit - 2024 Tax Returns

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