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Earned Income Tax Credit (EITC) Due Diligence Requirements

Date: Monday, June 25, 2018
Time: 1:00 - 2:40 pm EST

Sponsored by Lorman Education Services

Registration - Live Webinar Only: $219.00

Registration - Live Webinar Plus CD Recording: $288.00


Gain a better understanding of the earned income rules, common errors that can occur while claiming the credit, due diligence requirements, and current issues.

This topic helps tax preparers and their employers responsible for preparing the EIC to understand EIC due diligence requirements, EIC most common errors and the use of due diligence to avoid them.

The material also explains best practices and interviewing tips to achieve compliance, consequences for non-compliant preparers, employers of preparers, and your clients. This information is critical for understanding new regulations that affect any practitioner who prepares a tax return that claims the EIC.

Learning Objectives:

  • You will be able to describe due diligence requirements.
  • You will be able to explain best practices to preparers and clients.
  • You will be able to distinguish what NOT to ask to avoid qualifying errors.
  • You will be able to describe the consequences for the preparer and their employer.

This Live Webinar Covers These Hot Issues:

  • Summary of the Earned Income Credit Rules
  • Common Errors Claiming the Credit
  • EIC Due Diligence Requirements for Professional Tax Return Preparers
  • Penalties If Requirements Are Not Met
  • Consequences for the Tax Return Preparer
  • Consequences for the Preparer's Employer
  • Eligibility Rules
  • Tie-Breaker Rules
  • Due Diligence Questions to Ask to Avoid Qualifying Errors
  • Disallowance Due to Reckless or Intentional Disregard of EIC Rules
  • Disallowance Due to Fraud
  • Case Studies and Examples

Credit Information (Sponsored by Lorman Education Services):

  • CPE
  • AIPB
  • Enrolled Agents

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Instructor Profile:

Stephen B. Jordan, EA

  • Owner at Stephen B. Jordan, EA for more than 30 years
  • More than 35 years’ experience in accounting, auditing and tax services
  • Experience: Tax Defense Network – Referral Partner; Lorman Education Services; IRS Form 1099 Reporting: What You Need to Know; Tips for Understanding IRS Field Audits; Understanding Complex Internal Control Issues; Tax Treatment of Gift Cards & Sales Certificates; Past community outreach volunteer, NH Pro-Bono, Low Income Taxpayer Project; past community outreach volunteer, Bentley Low Income Taxpayer Clinic; past adjunct faculty of accounting and taxation at: Franklin Pierce College, 1988-1989; New Hampshire College, 1993; Hesser College, 1999; KPMG Peat Marwick – Sr Accountant, 1982 -1985; Wolf & Company CPA’s PC – Audit Supervisor/CISA, 1985 – 1986; General Cinema Corp – Sr Internal Auditor, 1986 – 1987; Comprehensive Accounting Corporation – Affiliate/Accountant 1987 – 1990; has written accounting and tax articles for EA Journal and National Public Accountant professional journals; speaker at self-help tax strategy seminars
  • Member of the NATP, NAEA, MaSEA and NNESEA
  • Currently lives in Windham, NH. Outside his practice, enjoys a variety of fitness activities, cooking, reading and the arts
  • M.S.T. degree, William Howard Taft University; College for Financial Planning; M.B.A. degree, Indiana University; B.S. degree, University of New Hampshire
  • Can be contacted at 603-508-0124 or

(Not available outside the US)