Federal Paid Preparer's Earned Income Credit Checklist
Extracted from PDF file 2017-federal-form-8867.pdf, last modified December 2017
Paid Preparer's Earned Income Credit ChecklistForm 8867 Paid Preparer’s Due Diligence Checklist OMB No. 1545-1629 2017 Earned Income Credit (EIC), American Opportunity Tax Credit (AOTC), Child Tax Credit (CTC), and Additional Child Tax Credit (ACTC) Department of the Treasury ▶ To be completed by preparer and filed with Form 1040, 1040A, 1040EZ, 1040NR, 1040SS, or 1040PR. Internal Revenue Service ▶ Go to www.irs.gov/Form8867 for instructions and the latest information. Attachment Sequence No. 70 Taxpayer identification number Taxpayer name(s) shown on return Enter preparer’s name and PTIN Part I Due Diligence Requirements EIC Please check the appropriate box for the credit(s) claimed on this return and complete the related Parts I–IV for the credit(s) claimed (check all that apply). 1 CTC/ACTC Yes No Did you complete the applicable EIC and/or CTC/ACTC worksheets found in the Form 1040, 1040A, 1040EZ, 1040SS, 1040PR, or 1040NR instructions, and/or the AOTC worksheet found in the Form 8863 instructions, or your own worksheet(s) that provides the same information, and all related forms and schedules for each credit claimed? . . . . . . . . . . . . . . Yes No Did you satisfy the knowledge requirement? To meet the knowledge requirement, you must do both of the following: • Interview the taxpayer, ask questions, and document the taxpayer’s responses to determine that the taxpayer is eligible to claim the credit(s) • Review information to determine that the taxpayer is eligible to claim the credit(s) and for what amount . . . . . . . . . . . . . . . . Yes No Did any information provided by the taxpayer, a third party, or reasonably known to you, in connection with preparing the return, appear to be incorrect, incomplete, or inconsistent? (If “Yes,” answer questions 4a and 4b. If “No,” go to question 5.) . . . . . . . . . . . . . . . . . . . . Yes No a Did you make reasonable inquiries to determine the correct, complete, and consistent information? . . . . . . . . . . . . . . . . . . Yes No b Did you document your inquiries? (Documentation should include the questions you asked, whom you asked, when you asked, the information that was provided, and the impact the information had on your preparation of the return.) . . . . . . . . . . . . . . . . . . . . . . . . Yes No Yes No Yes No Yes No Yes No Yes No 2 Did you complete the return based on information for tax year 2017 provided by the taxpayer or reasonably obtained by you? . . . . . . . . . . 3 4 5 Did you satisfy the record retention requirement? To meet the record retention requirement, you must keep a copy of your documentation referenced in 4b, a copy of this Form 8867, a copy of applicable worksheets, a record of how, when, and from whom the information used to prepare Form 8867 and worksheet(s) was obtained, and a copy of any document(s) provided by the taxpayer that you relied on to determine eligibility or to compute the amount for the credit(s) . . . . . . . . . . . . . . AOTC List those documents, if any, that you relied on. 6 7 Did you ask the taxpayer whether he/she could provide documentation to substantiate eligibility for and the amount of the credit(s) claimed on the return if his/her return is selected for audit? . . . . . . . . . . . . Did you ask the taxpayer if any of these credits were disallowed or reduced in a previous year? . . . . . . . . . . . . . . . . . . . . (If credits were disallowed or reduced, go to question 7a; if not, go to question 8.) a Did you complete the required recertification Form 8862? . . . . . . . If the taxpayer is reporting self-employment income, did you ask questions to prepare a complete and correct Form 1040, Schedule C? . . . . . . . N/A 8 For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 26142H N/A Form 8867 (2017) Page 2 Form 8867 (2017) Part II Due Diligence Questions for Returns Claiming EIC (If the return does not claim EIC, go to Part III.) EIC 9a Have you determined that this taxpayer is, in fact, eligible to claim the EIC for the number of children for whom the EIC is claimed, or to claim EIC if the taxpayer has no qualifying child? (Skip 9b and 9c if the taxpayer is claiming EIC and does not have a qualifying child.) . . . . . . . . . . . . b Did you explain to the taxpayer that he/she may not claim the EIC if the taxpayer has not lived with the child for over half the year, even if the taxpayer has supported the child? . . . . . . . . . . . . . . . c Did you explain to the taxpayer the rules about claiming the EIC when a child is the qualifying child of more than one person (tie-breaker rules)? . . . . Part III CTC/ACTC Yes No Yes Yes N/A No No Due Diligence Questions for Returns Claiming CTC and/or ACTC (If the return does not claim CTC or ACTC, go to Part IV.) 10a Did all children for whom the taxpayer is claiming the CTC/ACTC reside with the taxpayer? (If “Yes,” go to question 10c; if “No,” go to question 10b.) . . Yes No b Did you ask if there is an active Form 8332, Release/Revocation of Claim to Exemption for Child by Custodial Parent, or a similar statement in place and, if applicable, did you attach it to the return? . . . . . . . . . . . c Have you determined that the taxpayer has not released the claim to another person? . . . . . . . . . . . . . . . . . . . . . . . Yes N/A Yes N/A No Part IV 11 No Due Diligence Questions for Returns Claiming AOTC (If the return does not claim AOTC, go to Part V.) Did the taxpayer provide substantiation such as a Form 1098-T and/or receipts for the qualified tuition and related expenses for the claimed AOTC? Part V AOTC Yes No Credit Eligibility Certification ▶ You have complied with all due diligence requirements with respect to the credits claimed on the return of the taxpayer identified above if you: A. Interview the taxpayer, ask adequate questions, document the taxpayer’s responses on the return or in your notes, review adequate information to determine if the taxpayer is eligible to claim the credit(s) and in what amount(s); B. Complete this Form 8867 truthfully and accurately and complete the actions described in this checklist for all credits claimed; C. Submit Form 8867 in the manner required; and D. Keep all five of the following records for 3 years from the latest of the dates specified in the Form 8867 instructions under Document Retention. 1. A copy of Form 8867, 2. The applicable worksheet(s) or your own worksheet(s) for any credits claimed, 3. Copies of any taxpayer documents you may have relied upon to determine eligibility for and the amount of the credit(s), 4. A record of how, when, and from whom the information used to prepare this form and worksheet(s) was obtained, and 5. A record of any additional questions you may have asked to determine eligibility for and amount of the credits, and the taxpayer’s answers. ▶ If you have not complied with all due diligence requirements for all credits claimed, you may have to pay a $510 penalty for each credit for which you have failed to comply. 12 Do you certify that all of the answers on this Form 8867 are, to the best of your knowledge, true, correct, and complete? . . . . . . . . . . . Yes No Form 8867 (2017)
2017 Form 8867
More about the Federal Form 8867 Other TY 2017
We last updated the Paid Preparer's Earned Income Credit Checklist in January 2018, so this is the latest version of Form 8867, fully updated for tax year 2017. You can download or print current or past-year PDFs of Form 8867 directly from TaxFormFinder. You can print other Federal tax forms here.
Other Federal Other Forms:
|Form Code||Form Name|
|Form 8283||Noncash Charitable Contributions|
|Form 8962||Premium Tax Credit|
|Form W-4V||Voluntary Withholding Request|
|Form 8889||Health Savings Accounts (HSAs)|
|Form 8949||Sales and other Dispositions of Capital Assets|
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8867 from the Internal Revenue Service in January 2018.
Historical Past-Year Versions of Federal Form 8867
We have a total of seven past-year versions of Form 8867 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2011 Form 8867
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