Get 8867 Paid Preparers Due Diligence Checklist - Irs Tax Forms

Filling out the 8867 Paid Preparers Due Diligence Checklist is essential for tax preparers to ensure compliance with IRS requirements regarding the California Earned Income Tax Credit. This guide offers step-by-step instructions to assist users in completing the form accurately online.

Follow the steps to fill out the 8867 Paid Preparers Due Diligence Checklist online.

1. Press the ‘Get Form’ button to access the form and open it in your chosen editor.
2. Enter the preparer's name as shown on the tax return in the designated field.
3. Input the preparer's PTIN in the appropriate section.
4. Indicate the type of preparer's license, registration, or enrollment by checking the corresponding box (CPA, EA, Attorney, CTEC, or Other). If applicable, specify the state of the license, registration, or enrollment.
5. Fill in the preparer's license, registration, or enrollment number in the required field.
6. Answer question 2 by selecting 'Yes' or 'No' regarding the completion of form FTB 3514 based on the information provided by the taxpayer.
7. For question 3, indicate 'Yes' or 'No' for whether the California Earned Income Tax Credit Worksheet was completed.
8. For question 4, confirm if you satisfied the knowledge requirement by documenting your interview with the taxpayer and review of their eligibility for the EITC.
9. Question 5 requires you to check if any information provided appeared to be incorrect or inconsistent, followed by answering sub-questions about making reasonable inquiries and documentation.
10. Document any taxpayer-provided information relevant to question 6 in the specified area.
11. Question 7 requires you to confirm whether you asked the taxpayer for documentation to substantiate their eligibility for the EITC.
12. If applicable, for question 8, indicate whether you asked necessary questions regarding the self-employment income of the taxpayer.
13. In Part II, assess the eligibility of the taxpayer for claiming the EITC based on the number of qualifying children, answering questions 9a, 9b, and 9c as required.
14. In Part III, ensure compliance with all due diligence requirements, certifying that all answers are correct in question 10.
15. Once all sections are completed, save your changes, download the form, print it, or share it as needed.

Complete your 8867 Paid Preparers Due Diligence Checklist online today.