Updates Made to Form 8867
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Preparers may find an addition to Form 8867, Paid Preparer’s Earned Income Credit Checklist, a big help when trying to meet due diligence requirements. A fourth page, Part IV, has been added, and includes a checklist of which documents were reviewed and if a copy was kept. It is particularly important tax preparers filing EITC (Earned Income Tax Credit) claims complete this section of Form 8867.