Navigate the complexities of the Earned Income Credit with confidence. Gain a deep understanding of all rules, recent changes, and crucial due diligence to ensure accuracy.
This course covers changes all aspects of the earned income credit. 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 parts of ARPA that continue to apply.
The course provides a detailed examination of the requirements for claiming the EIC on 2023 tax returns, grounded in IRS Publication 596 and incorporating relevant permanent legislative changes. We methodically cover the 15 essential rules governing EIC eligibility, including adjusted gross income and earned income thresholds, Social Security Number mandates, permissible filing statuses, U.S. residency rules, investment income limitations, and the specific tests for a qualifying child.
Furthermore, the training places critical emphasis on the vital responsibilities of tax professionals regarding EIC. You will gain a thorough understanding of:
By completing this course, you will be equipped to accurately assess taxpayer eligibility for the Earned Income Credit and confidently navigate the mandatory due diligence procedures for the 2023 tax year.
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.
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.
