Course Overview

Join our comprehensive webinar, Child Tax Credit and Earned Income Credit,"* to navigate the complexities of these crucial tax credits. As tax-related questions rise, tax preparers must expertly handle the nuances of the Child Tax Credit (CTC) and Earned Income Credit (EIC). This course breaks down the 15 qualifying rules for the EIC, offering in-depth analysis through real-world case studies to help tax professionals confidently address diverse client situations.

Participants will gain a thorough understanding of the EIC's limitations, including factors like filing status, adjusted gross income (AGI), and the number of dependents. The course also explores dependent qualifications, covering essential topics such as qualifying children, qualifying relatives, unique qualification rules, and income restrictions. Attendees will learn how to identify the types of income counted toward these limitations, enabling them to provide accurate and effective guidance to clients.

Additionally, the Child Tax Credit and other dependent credits are explored through detailed case studies, ensuring tax preparers can apply these credits correctly in various scenarios. The course also provides a thorough review of Form 8867, which is essential for tax preparer compliance and documentation, ensuring due diligence in all cases.

Areas covered in Session

• Earned Income Credit (EIC) Qualifying Rules
• Limitations of EIC based on AGI, Filing Status, and Dependents
• Form 8867: Tax Preparer Compliance and Due Diligence
• Choosing Appropriate Filing Status to Maximize EIC
• Rules for Claiming Qualifying Children, and Qualifying Relatives
• Tax Benefits Associated with Different Types of Dependents 

Join Jason Dinesen for this transformative learning experience and elevate your tax preparation expertise to navigate the complexities of Earned Income and Child Tax Credits successfully. Enrol today and become a proficient tax professional equipped to provide invaluable insights to your clients.

Learning Objective:

• To explore the application of 15 qualifying rules for the Earned Income Credit with confidence
• To discuss EIC limitations based on AGI, filing status, and the number of dependents to clients
• To accurately complete Form 8867, ensuring tax preparer due diligence
• To inspect and choose the appropriate filing status to maximize the EIC for clients
• To apply the five rules for claiming a qualifying child and four rules for claiming a qualifying relative
• To analyze the tax benefits associated with each type of dependent, optimizing client tax outcomes
  
Who should Attend
• Business owners
• Office managers
• Controllers
• Bookkeepers
• Managers
• CFOs
• Accountants
• EAs