Due diligence training

We have developed training modules to help you comply with due diligence.

Training modules

EITC Schedule C and record reconstruction training

Paid tax return preparers generally can rely on the taxpayers' representations, but EITC due diligence requires the paid preparer to take additional steps to determine that the net self-employment income used to calculate the amount of or eligibility for EITC is correct and complete.

This training module introduces the due diligence responsibilities involved with preparing returns with a Schedule C where EITC is claimed.

• Scenario 1 - No expenses
• Scenario 2 - False business income
• Scenario 3 - Overstated expenses
• Scenario 4 - No expenses
• Scenario 5 - Rounded expenses
• 1099-NEC & 1099-MISC income treatment scenarios

EITC due diligence and self-employed taxpayers explains in detail about claiming EITC when self-employed and potential issues with Schedule C.

Paid preparer due diligence training

The Paid preparer due diligence training helps you, as a tax preparer, better understand your responsibilities under the paid preparer due diligence regulations. You may be eligible to receive two continuing education (CE) credits for tax law.

You will learn about:

• Earned Income Tax Credit (EITC)
• Child Tax Credit (CTC)
• Additional child tax credit (ACTC)
• Credit for other dependents (ODC)
• American Opportunity Tax Credit (AOTC)
• Head of household (HOH) filing status

Additional resources

• Recordkeeping

Related

Due diligence requirements for tax preparers

Tax preparer due diligence rules

Paid preparer due diligence videos

Completing Form 8867

Due diligence law, regulations and requirements