Form 8867 (Rev. November 2024) Department of the Treasury Internal Revenue Service . Paid Preparer’s Due Diligence Checklist. Earned Income Credit (EIC), American Opportunity Tax Credit (AOTC), Child Tax Credit (CTC) (including the Additional Child Tax Credit (ACTC) and Credit for Other Dependents (ODC)), and Head of Household (HOH) Filing Status

Jan 23, 2025 · Information about Form 8867, Paid Preparer's Earned Income Credit Checklist, including recent updates, related forms and instructions on how to file.

Complete Form 8867 truthfully and accurately and complete the actions described on Form 8867 for any applicable credit(s) claimed and HOH filing status, if claimed. Submit Form 8867 in the manner required.

How to meet the due diligence requirements for Form 8867. For every tax return or claim for refund you prepare claiming the EITC, CTC/ACTC/ODC, AOTC or HOH filing status, you must: Complete Form 8867 based on information provided to you by the taxpayer or information you otherwise reasonably obtain or know. And you must either:

What is Form 8867? Due Diligence Requirements for Knowledge and Record-Keeping; Consequences of Failing to Meet Your Due Diligence

Jan 30, 2025 · What is Form 8867? Due diligence requirements for knowledge and record-keeping; Consequences of not meeting due diligence requirements; Free programs and resources

You'll need to include Form 8867, Paid Preparer's Earned Income Credit Checklist, with the return for both paper and electronic filings. Failure to comply with IRS EITC due diligence requirements may result in a penalty of $500 (increased from $100 in prior years).

We last updated the Paid Preparer's Earned Income Credit Checklist in January 2025, so this is the latest version of Form 8867, fully updated for tax year 2024. You can download or print current or past-year PDFs of Form 8867 directly from TaxFormFinder. You …

Feb 18, 2025 · Form 8867 is a document for tax preparers to ensure compliance with IRS due diligence requirements. It verifies eligibility for refundable credits, helping maintain the accuracy of tax filings and preventing improper claims.

Apr 16, 2024 · What is IRS Form 8867 used for? The purpose of IRS Form 8867, Paid Preparer’s Due Diligence Checklist, is to ensure that the practitioner has considered all applicable eligibility criteria for certain tax credits for each return prepared.