earned income tax credit Archives

Feature Article

Tax Compliance for Refugees

“Give me your tired, your poor, your huddled masses yearning to breathe free…” – Emma Lazarus All... Mary Beth Lougen, EA, USTCP

Spring 2024, Feature Article, nonresident alien, permanent resident, earned income tax credit, international information returns, green card, EITC, humanitarian, child tax credit, §6013(g), visa, Economic Impact Payment, §6013(h), employment authorization document, Form 8858, §6428B, EAD, Form 8938, §6428, foreign, §7701(b), Form 5471, §7701(b)(1)(A), immigrants, Form 8865, Form 8621, FBAR, Form 3520, refugees, COVID-19, Form 3520-A, asylees, Form 114

Representation

Low-Income Taxpayer Clinics: Helping Low-Income Taxpayers Level the Playing Field with the IRS

Low-income taxpayer clinics (LITCs) are programs that provide free or low-cost legal assistance to low-income taxpayers who are facing disputes with the Internal Revenue Service (IRS). Low-income taxpayer clinics, ... Desmond Hudson, EA, NTPI Fellow®

Fall 2023, Representation, Low-income taxpayer clinic, audit, Pub 4134, appeals, Pub 4134 (SP), collection, Pub 3319, earned income tax credit, EITC, CTC, child tax credit, LITC, representation

Audit

IRS to Review High Audit Rates for Black Taxpayers

The current climate regarding artificial intelligence and bias has been a hot topic for debate. It seems Black taxpayers are unfairly being targeted in a largely automated pro... Camari Ellis, EA

Fall 2023, Audit, LITC, Black, automation, low-income tax clinic, South, audit, AI, earned income tax credit, EITC, Artificial intelligence

When Your Client Says, “I’ll Fake a Receipt.”

Feature Article

When Your Client Says, “I’ll Fake a Receipt.”

You are representing a long-time client in an Internal Revenue Service (IRS) audit. You just received a Form 4564, Information Document Request (IDR), from the IRS. The IDR is focusing on his Schedule C business expenses. You call the clie... Daniel N. Price

Nov/Dec 2022, Feature Article, fraud, Schedule C, earned income tax credit, EITC, §6663, document, Form 4564, Eze, §7207

Should Circular 230 More Widely Permit Contingent Fees?

Feature Article

Should Circular 230 More Widely Permit Contingent Fees?

Editor’s note: Fees are a hot topic currently in the tax industry since there is high demand for our services but limited capacity in our firms. Circular 230 does cont... Jeremy Wells, EA, CPA, and Sarah Moessinger, EA

Sept/Oct 2022, Feature Article, modified adjusted gross income, MAGI, Form 1099-K, business, contingent fee, fraud, Venmo, Form 1099-NEC, Zelle, Schedule C, Cash App, earned income tax credit, §10.27, EITC, R&D tax credit, Schedule E

Capitol Corner

The Value of NAEA Advocacy

The National Association of Enrolled Agents (NAEA) engages in government relations and advocacy activities on behalf of the membership with the goal of enhancing and protecting the enrolled agent credential. After many decades working closely with... Jeffery S. Trinca and Michelle McCaughey

July/Aug 2021, Capitol Corner, Centralized Authorization File, UI, CAF, IRS Taxpayer First Act Report, Circular 230, Automated Collection System, COVID-19, ACS, Minnesota, Practitioner Priority Service, New Mexico, PPS, NAEA PAC, Form 8821, American Families Plan Tax Compliance, Form 2848, PTIN, earned income tax credit, Preparer Tax Identification Number, EITC, unemployment income

Feature Article

From Hero to Zero in 60 Seconds or Less

The following is a collection of anecdotes from members of the National Association of Enrolled Agents' (NAEA Ethics and Professional Conduct (EP&C) Committee. Names have been changed to preserve the confidentiality of our complainants and respondents. So...

May/June 2021, Feature Article, Code of Ethics, ethics, fraud, COVID-19, practice management, earned income tax credit, EITC, Form 1099-MISC, Form 8867, Rules of Conduct

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

Excluding Medicare Waiver Payments from Income

Feature Article

Excluding Medicare Waiver Payments from Income

The Internal Revenue Service (IRS) has provided guidance on the tax treatment of certain payments to individual care providers for the care of eligible individuals under a state Medicaid waiver program in IRS Notice 2014-7.i The prog... Laurie W. Ziegler, EA

Mar/Apr 2021, Feature Article, §1915(c), Notice 2014-7, HCBS, Form W-2, home and community-based services, Schedule C, earned income tax credit, Social Security, EITC, SECURE Act, caregiver, Notice CP 2000, Medicare, Form 1099-MISC, Medicaid, Wisconsin, waiver, §131, Form 1099