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The Internal Revenue Service plans to send warning letters to preparers who are suspected of filing inaccurate claims that involve the Earned Income Tax Credit. To be sent out this month and in December, the letters detail issues identified on returns and explain the consequences of filing inaccurate EITC claims.
Those warned will be advised that the IRS plans to continue monitoring EITC claims they file. The IRS also plans visits to some preparers to provide education and outreach on meeting due diligence requirements.
The IRS offers the EITC Due Diligence Made Easy DVD (IRS Publication 4926) that has tools and resources for assisting in preparation of returns.
