Tax return preparers may receive an IRS letter to raise awareness of their due diligence responsibilities when claiming an earned income tax credit for a self-employed individual. If they did not meet these responsibilities, they may be penalized. Their clients may have to repay refunds, plus interest, and may also be barred from claiming the EITC for 2 years.
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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It's important to take care of ourselves and take steps to nourish ourselves--body, mind and soul. We may have to do this in different and creative ways now that many of us are staying at home. It's still important that we take time for ourselves. #selfcare #Health