This humorous IRS video explains what does - and does not - constitute as a qualifying child when trying to claim the EITC. Read Publication 4717 to become familiar with the questions that, by law, tax preparers must ask taxpayers, as well as the documentation taxpayers must provide to verify their filing status and to claim [...]
The IRS recently produced a video showing how qualified manufacturers can update the products associated with their Qualified Manufacturer ID Code. First, go to the Energy Efficient Home Improvement Credit Qualified Manufacturer home page, from the Energy Credits Online portal. Then click on "Go to Maintain Product List." A warning message will appear. Take the necessary [...]
This article was published by the IRS. People with disabilities and their families can use Achieving a Better Life Experience accounts to help pay for qualified disability-related expenses. ABLE accounts are savings accounts that don't affect eligibility for government assistance programs. Here are some key things people should know about these accounts. Contribution limit The contribution [...]
This article was published by the IRS. The Internal Revenue Service has announced its annual Dirty Dozen list of tax scams for 2025 with a warning for taxpayers, businesses, and tax professionals to watch out for common schemes that threaten their tax and financial information. Ranging from email schemes to misleading tax credits, many of the [...]
The IRS conducts audits by mail to verify a taxpayer's eligibility for child-based refundable credits, such as the Earned Income Tax Credit. Typically the IRS holds the refund until the audit is complete. For Earned Income Tax Credit audits, you'll usually need to provide documentation verifying your relationship to the children claimed and that they lived [...]
