Earned Income Tax Credit

Course Information

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Title:	Earned Income Tax Credit
Category:	Taxation
Field of Study:	Taxes
Course Code:	M139
CPE Credits:	3.0
Price:	27.95

Description

Description:

The Earned Income Credit (EIC) is a refundable tax credit that has a significant impact on United States revenue and, in the 2019 tax year, amounted to almost $63 billion claimed by more than 25 million tax filers. In a recent year, 153.8 million individual federal tax returns were filed, and 19.6 million – 12.7% of individual taxpayers – claimed the Earned Income Credit. Based on that percentage, it would not be unexpected that any tax return preparer will prepare the tax returns for many EIC claimants.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

Course Details

Category: Taxation

Field of Study: Taxes

Passing Score: 70%

Technical Details: Taxes: Technical

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Objectives

Objectives:

Chapter 1 – Earned Income Credit Rules 1. Recognize the EIC eligibility rules that apply to all taxpayers; 2. Identify the EIC eligibility rules applicable to taxpayers who have a qualifying child; 3. List the EIC eligibility rules that apply to taxpayers who do not have a qualifying child; and 4. Recognize how the EIC for which an eligible taxpayer qualifies is determined.

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: IRS credit for Enrolled Agents.

Profession Identifiers: CPA, EA