This course covers changes to the earned income credit for 2021. The American Rescue Plan made substantial changes to the EIC for 2021, with some changes specific to 2021-only, while some changes remain a permanent part of the law. We will cover the 15 rules for claiming the EIC, and also cover Form 8867 due diligence.

This course will cover the following topics:

  • Understand the EIC changes for 2021-only
  • Understand the EIC changes in ARPA that are permanent
  • Define the 15 rules for claiming EIC
  • Understand due diligence and Form 8867
Learning Objectives
  • Identify and understand the EIC changes in ARPA that are permanent
  • Discover and define the 15 rules for claiming EIC
  • Explore and understand due diligence and Form 8867
Last updated/reviewed: March 7, 2024
9 Reviews (52 ratings)

Reviews

5
Anonymous Author
good basic review of all the rules for earned income credit including the forms accompanying the credit for due diligence and from former errors. Explained in concise fashion.
5
Member's Profile
This was a good course. We seldom see the earned income credit in my practice, but it is good to have this information for the few times we use it.
5
Anonymous Author
Great review of the EIC changes for 2021 and beyond. The case discussed was very enlightening relating to Preparer Due Diligence.
5
Member's Profile
Excellent tax overview of EIC, especially due diligence part for paid preparers was something I was not aware of.
5
Member's Profile
The lecture was well-organized with the 15 rules and with appropriate number of examples as needed.
4
Anonymous Author
The instructor is easy to follow, but the materials don't provide all the information
5
Anonymous Author
Great job, thank you so much, 'i really appreciate it, good work, great material
5
Anonymous Author
Short but good combination of real life application and high level concepts
5
Anonymous Author
very informative. emphasized Due Diligence form completion
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Earned Income Credit - 2024 Tax Returns0:34
  Rule 1 - Rule 711:28
  Rule 8 - Rule 1514:46
  Form 88626:28
  Form 886720:30
CONTINUOUS PLAY
  Earned Income Credit 2021 Tax Returns53:44
SUPPORTING MATERIAL
  Slides: Earned Income Credit - 2024 Tax ReturnsPDF
  Earned Income Credit - 2024 Tax Returns GlossaryPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam