A quarterly magazine from the National Association of Enrolled Agents
Fall 2024 vol.42 no.3
Key Considerations When Representing an Undocumented Taxpayer
Representation

Key Considerations When Representing an Undocumented Taxpayer

Millions of American citizens and noncitizens alike have the obligation to pay income taxes every year. For undocumented immigrants, it is no different. In fact, undocumented workers paid $382.9 billion in federal taxes in 2022.i ... Brittany Sabalza, EA

Fall 2024, Representation, §2(b), EITC, §6041(a), ACTC, undocumented, CTC, §301.7701, §6109, §61, ITIN, SSN, representation, §152, immigrants, §32(c)(3)(A)), Form 1099
Avoid Penalties by Doing Your Due Diligence
Tax News Briefs

Avoid Penalties by Doing Your Due Diligence

New Due Diligence Requirements For tax year 2020, the Consolidated Appropriations Act, 2021, allows eligible taxpayers to elect to use their 2019 earned income to figure the 2020 earned income credit (EIC) or additional child tax cred... TheTaxBook

May/June 2021, Tax News Briefs, earned income, penalties, capital account, partnership, Form 1065, §6698, Schedule K-1, §6721, earned income tax credit, §6722, generally accepted accounting principles, due diligence, GAAP, EIC, §6662, additional child tax credit, §704(b), ACTC
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 As originally enacted, the law...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, 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, ODC