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How to fill out the IRS 8867 online
The IRS Form 8867, also known as the Paid Preparer's Earned Income Credit Checklist, is an essential document for tax preparers submitting a client's return who are claiming the Earned Income Credit (EIC). This guide offers clear instructions for filling out this form online, ensuring compliance with IRS requirements.
Follow the steps to successfully complete the IRS 8867 form.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Enter the preparer's name and Preparer Tax Identification Number (PTIN) at the top of the form.
- Answer whether the taxpayer's filing status is married filing separately. If 'Yes', stop here; EIC cannot be claimed.
- Check if the taxpayer or their spouse is filing Form 2555 or 2555-EZ. If 'Yes', stop here as EIC cannot be claimed.
- Confirm that the taxpayer and their spouse, if applicable, have valid Social Security numbers (SSNs) that allow them to work. If 'No', stop here; EIC cannot be claimed.
- Indicate whether the taxpayer or their spouse was a nonresident alien at any time in the year. If 'Yes', check the subsequent requirements.
- Is the taxpayer’s investment income more than $3,300? If 'Yes', stop here; EIC cannot be claimed.
- Determine if the taxpayer could be a qualifying child of another person. If 'Yes', EIC cannot be claimed.
- If there are children, fill in each child's name and confirm their relationship to the taxpayer. Follow the instructions on age and residency.
- For each child, answer whether they lived with the taxpayer for more than half the year and if they meet the age requirements.
- Document whether the qualifying child has an SSN that is valid for EIC purposes. If 'No', EIC cannot be claimed.
- Check that the taxpayer's earned income and adjusted gross income are below the applicable limits for EIC.
- Complete due diligence requirements, ensuring that all provided information is accurate and documented.
- Once all sections are completed, save changes to your document. You can download, print, or share the completed form as needed.
Begin completing your IRS 8867 form online today to ensure you meet all EIC requirements.
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Delays in refunds associated with the Child Tax Credit often arise from the IRS's thorough review process. They need to ensure that all claims are accurate and compliant with tax regulations, which can prolong the wait time for your refund. Adhering closely to the guidelines in Form 8867 can help minimize these delays. For assistance in navigating this process, consider leveraging resources available from US Legal Forms.
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