Which Form 4797 Pub 2022-2023

Instructions and Help about Which Form 4797 Pub

One of the most important things on the IRS competency exam is your use as a tax preparer of the Earned Income Credit so I want to lead you guys through the form eighty eight sixty seven which is the paid preparers or an income credit checklist so basically this is the form that you're supposed to fill out every time you claim the Earned Income Credit related to certain cases in most cases you have to fill this out and attach it to the tax return okay so you can see here that this is the taxpayers name social security number so you're verifying this taxpayers eligibility to receive their Earned Income Credit look here on the front of the form where it actually has the preparers name and PTIN on the eighty eight sixty seven okay that's a major factor as a preparer IRS statistics show that up to 40 percent of audits are related to earn income credit so IRS is really looking to find out which preparers are submitting the most earned income credits that don't actually meet the criteria okay so important thing to realize right there as a tax preparer you have to identify this is the taxpayers filing status and married filing separately remember with earned income credit you cannot file married filing separately does the taxpayer have a social security number okay so II I see is only with the social security number for the taxpayer and also the the qualifying child okay so the dependent basically also s that was social this form 2555 is for foreign income you can't actually claim the I see if you are living abroad that's kind of what that's getting at on that line non-resident alien also same idea if you're not living in the...