The Tax Preparation Blog

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Question: earned income tax credit?

why do some “taxpayers” (i use that word generously) believe that they may manipulate or outright be dishonest in order to receive a refund they may not otherwise be entitled to. take the case of two single parents with one child living in the same home, and the taxpayers or tax preparer “belief” that either parent is entitled to take the child’s dependency exemption and associated child tax credit “type” benefits, while the tax code and regulations specifically state who must take the exemption and who may be able to take the eitc. and this is not up to anyone to manipulate or bend the rules in order to fraudently receive a earned income tax credit that they are not entitled to. do people really think they will get away with this or are they living in a fantasy world.

Answer: I’m not sure how easy it is for two people to try to claim the same child. Now that the IRS requires the SS # of the child you are claiming, don’t they cross check these numbers to see if the dependent has already been claimed by someone? If not, they should. A simple computer program could cross check SS #s.

It hasn’t been all that long ago that one needed only list the names of the children being claimed on the return. Anybody could list any number of children on their return. Now, they require the SS#. What’s the point if they’re not checking the accuracy of them?

Tax preparers to face new regulations

The IRS plans to require tax preparers to pass a test and register with the government to better police a largely unregulated industry used by most taxpayers.

Mark Wyssbrod Part 1 – Looking For Opportunity

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