IRS sending EITC due-diligence warnings


In advance of the upcoming income tax filing season, the IRS is sending warning letters to tax preparers it believes may not be complying with due-diligence requirements for the earned income tax credit (EITC). The Service directs preparers to more information about the letters, the due-diligence requirements, and other aids and resources at its “EITC Information for Tax Professionals” webpage .

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Tackling TCJA changes this tax season

Return preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.