Save Your Practice: Form 8867 Landmines for Tax Pros
Author: Greg White
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 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
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.
Publication Date: September 2025
Designed For
Tax professionals who want to comply with ethical due diligence requirements for tax credits and head of household filing status.
Topics Covered
- History - Due Diligence
- Requirements (Regulations)
- Checklists
- Importance of Policies and Procedures
Learning Objectives
- Identify credits covered by the due diligence rule
- Recognize and implement the documentation standards for head of household status
- Identify the documentation standards applicable to credits so as to avoid IRS penalties
- Identify a frequent mistake when claiming the child tax credit, according to IRS Publication 4687
- Identify the dollar amount of the penalty the IRS can impose on a preparer for each due diligence failure
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
