§6695(g) Archives | EA Journal

Preparer Due Diligence Under IRC §6695(g)

Feature Article

Preparer Due Diligence Under IRC §6695(g)

Section 6695(g) was added to the Internal Revenue Code (IRC or the Code) by P.L. 105-34, the Taxpayer Relief Act of 1997. It was one of several statutory changes intended to improve earned income credit (EIC) reporting compliance. As originally enacted, the law... Patrick D. Dimmitt, EA

May/June 2021, Feature Article, ODC, AOTC, Circular 230, HOH, noncompliance, child tax credit, Form W-2, Taxpayer Relief Act of 1997, Form 8867, due diligence, §6695(g), EIC, Form 1098-T, additional child tax credit, §1.6695-2, ACTC, CTC