IRS Adds Head of Household to Due Diligence Checklist (CPA Practice Advisor) - The due diligence requirement was originally designed to reduce errors on returns claiming the Earned Income Tax Credit. Legislation in 2015 expanded the due diligence requirements to include the Child Tax Credit, Additional Child Tax Credit, and American Opportunity Tax Credit.
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Tax Preparer Due Diligence Rules are Finalized (JofA) - The IRS on Tuesday finalized proposed regulations under Sec. 6695(g) imposing a penalty on tax return preparers who do not follow certain due-diligence requirements when preparing to file returns for taxpayers who are claiming head-of-household filing status...
10 Free Data Visualization Tools (PC Mag) - Data visualization can change not only how you look at data but how fast and effectively you can make decisions. But investing in these tools can be expensive for beginners...