EITC Due Diligence

This course briefly summarizes the earned income credit rules, examines the common errors committed when claiming the credit, discusses the EIC due diligence requirements imposed on professional tax return preparers, and identifies the sanctions to which preparers and their employers may be subject for a failure to meet expected due diligence requirements.
$30.00
Prerequisites

Prerequisites are not necessary to participate in this course and no advance preparation is needed.

Course Description

This course briefly summarizes the earned income credit rules, examines the common errors committed when claiming the credit, discusses the EIC due diligence requirements imposed on professional tax return preparers, and identifies the sanctions to which preparers and their employers may be subject for a failure to meet expected due diligence requirements.

Upon completion of this self-study course, you will be able to:

  • Recognize the earned income credit eligibility rules;
  • List the common errors committed in connection with claiming the earned income credit;
  • Describe the consequences for the taxpayer of the IRS’ disallowance of the earned income credit;
  • Identify the tax return preparer’s earned income credit due diligence requirements; and
  • List the sanctions that may be applied on a tax return preparer and his or her employer for a failure to meet due diligence requirements.
Affiliation* CPE Awarded Delivery Method Field of Study Course ID Sponsor ID
CPE Facts
NASBA 2 QAS Self-Study Taxes N/A 103137
CTEC 2/0 N/A Federal Tax Law 3038-CE-0227 3038
IRS 2 Self-Study Federal Tax Law FQTGU-T-00348-20-S FQTGU
Texas State Board of Accountancy 2 Self-Study Taxes 100291 002921
Pennsylvania State Board of Public Accountancy 1 Self-Study (Non-Interactive) Taxes N/A

* Individuals with other professional credentials should check with their state licensing board or accrediting organization to determine if this program meets their continuing education requirements.

Affilliation

 

Drake Software is an IRS-qualified sponsor of continuing professional education.

 
 

Drake Software is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website, www.learningmarket.org

Drake Software has been approved by the California Tax Education Council to offer the EITC Due Diligence, 3038-CE-0227, which provides 2 hours of federal credit and 0 hours of state credit towards the annual continuing education requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-2890, at (877) 850-2832, or at www.ctec.org.

 

Drake Software is registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program.

Course Policies

Send cancellation requests to Support@DrakeCPE.com. Requests must be made within 30 days of purchasing the course. To be granted a full refund, you must not have completed and earned continuing education for the course. No refunds will be issued after the course expiration date. For more information regarding the refund policy or to address concerns or complaints regarding courses, contact the DrakeCPE support team at Support@DrakeCPE.com.

Other Details
Last Revision January 2020
Course Expiration The CPE portion of this course expires one year from date of purchase