Immediate Release
Contact:
Paul Lamonia
202-559-9330 x705
IRS DIRECTORS VERLINDA PAUL AND WILLIAM NELSON TO APPEAR ON
NOVEMBER TAX TALK TODAY PROGRAM
SERVICE LOWER INCOME FILERS PROPERLY
Program Covers Need-to-Know Rules and Issues Affecting Tax Returns Filed By Lower-Income Individuals
WASHINGTON, DC (November 1, 2011) — Tax Talk Today®, an online series of webcasts designed to educate tax professionals announced its November program, “Service Lower Income Filers Properly”. The Live webcast is scheduled for Tuesday, November 8, 2011, at 2 p.m. ET.
Tax professionals will learn about issues affecting tax returns filed by lower-income individuals. The broadcast will be archived for 12 months for viewers who are unable to watch the Live program, wish to review the material, or wish to complete a Self-Study CPE program. Viewers can earn 2 CPEs for completing this program, and may email questions before and during the program.
Verlinda Paul, IRS Director, Earned Income Tax Credit Program will discuss the new due diligence requirements for tax preparers filing EITC claims submitted in 2012. Panelists will offer steps to take to assure that a client is properly entitled to take the credit.
William Nelson, IRS Director, LITC Program, Taxpayer Advocate Service, will discuss the importance of the Low Income Taxpayer Clinics to taxpayers who need help, but lack resources.
Specific topics that will be discussed:
· EITC – how to probe client for proper support
· EITC due diligence new regulations and Form 8867 filing requirements and penalty provisions
· EITC issues and common errors
· Child credit
· Dependent care credit
· Other refundable credits – how to insure client receives available credits, new car, first time homebuyer, and energy.
· Qualifying Child and Dependency issues – who is dependent, how does the definition change based on the tax issue
· Refund issues (RALs, RACs) and how to help the unbanked client
· Practitioners involvement in Low Income Tax Clinics, VITA and TCE programs
· Tax consequences for clients who have not been in lower income categories before
Additional Tax Practitioner panelists include:
· Paul R. Harrison, EA, LITC Coordinator, The Community Tax Law Project
· R. John Smith, Esq., US Tax Court Bar
Continuing Professional Education credit, (CPE) credit, is available at the subscription price of $217.50 or $14.50/credit for 15 CPE credits, which includes all 8 programs. Credits for individual programs can also be purchased.
About Tax Talk Today, The Tax Show for the Tax Pro
An8-program, 15 CPE,webcast series designed to educate tax professionals with reliable information about complex tax issues. Tax Talk Todayfeatures roundtable discussions and real-time interaction with industry professionals, and IRS officials. Tax Talk Todaycollaborates with Tax Analysts,Tax.comand NAEA to provide content meeting CPE Credit requirements for CPAs, enrolled agents, attorneys, and all professionals needing CPE credits in the tax area. Programs are available live, archived or podcast. For additional information, contact Paul Lamonia at 202-559-9330 x705 or or visit www.TaxTalkToday.com.
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