It is estimated that the IRS erroneously paid out 11 to 13 BILLION dollars in EITC.  The IRS thought forcing preparers to send in the 8867 Due Diligence worksheets would put “a dent” in the fraud. The number of fraudulent/erroneous EITC payments has gone down 2-3 billion compared to last year’s numbers.

Have your own tax suggestions? taxreform.gov

Joseph Rogers

Recent Posts

Is Owning a Tax Franchise Worth it?

As tax season approaches, and tax adverts begin flooding the radio and tv, you may…

5 hours ago

Why is Tax Software So Expensive?

Professional tax software costs range from lower cost, a few hundred dollars, to very high…

4 weeks ago

When Will Tax Season Start in 2026?

Tax season for tax filing year 2025 is rumored to be starting late this year.…

1 month ago

How to Prepare for 2026 Tax Season

Preparing for the incoming tax season doesn't have to be time consuming. Here is a…

2 months ago

Important Phone Numbers for 2026 Tax Season

Identity Theft Protection Unit: 800-908-4490 Refund Offset Questions: 800-304-3107 IRS Refund Hotline: 1-800-829-1954 ITIN Line:…

2 months ago

Prepaid Debit Cards for Tax Refunds

If you own a tax business, you may have encountered taxpayers who have no bank…

2 months ago

This website uses cookies.