Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2025 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Must Do for All Tax Pros: Update your Checklists before Busy Season
IRS has accelerated its examinations of tax professionals. A little-known due-diligence requirement has been greatly expanded by recent tax acts, including the Tax Cuts and Jobs Act of 2017. The rules require documentation that you questioned clients about their qualification for the child tax credit, tuition credit, head of household filing status and earned income tax credit.
Due Diligence Definitions and Critical Steps to Avoid Office of Professional Responsibility
Wolters Kluwer will guide you through the maze of return prepare due diligence through this one-hour CPE course taught by expert instructor and tax professional Greg White, CPA. This course will cover latest developments in due diligence. This fast-paced program will highlight legal and regulatory developments.
Publication Date: September 2022
Designed For
All CPAs, EAs, tax preparers, and other tax professionals who advise clients and file returns.
Topics Covered
- What strategies are available to comply with the due diligence requirements?
- Documentation requirements
- Credits covered by the due diligence requirements
Learning Objectives
- Identify credits covered by the due diligence rule
- Recognize and implement the documentation standards for head of household status
- Recognize and implement the documentation standards applicable to credits so as to avoid IRS penalties
- Identify the preparer penalty per failure
- Identify one of the common errors in claiming the child tax credit based on IRS Publication 4687
Level
Overview
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
Basic understanding of federal income taxation concepts.
Advance Preparation
None
Instructor
Greg White
Greg White, CPA, taught for 14 years as an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. He is a founder and shareholder, in WGN PS in Seattle, WA. He has been named a Top 50 IRS Representation Practitioner in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.