Again this year you will be asked by me, and and should be asked by other tax professionals, to prove your relationship with your dependent for the Earned Income Credit and Additional Child Tax Credit. Both of these credits give a taxpayer money that is more than their tax refund. If you cant prove that the child lived with you for half the year, in the U.S., and you paid more than half his/her support (via various documents including school/medical records), I wont file your tax return. Why the tough stand? Because the IRS has made tax professionals responsible for the information used on those tax returns that claim the credits. It all began a few years ago. While helping low-income individuals, the IRS unintentionally opened a flood-gate of fraud. You might remember such reports as this one from 2012: https://youtube/watch?v=0gwWaKkV6RM#t=369
Posted on: Sat, 10 Jan 2015 16:14:01 +0000
Trending Topics
Recently Viewed Topics
© 2015