Due Diligence Mastery Form 8867 and High Risk Credits

1 Hour

Form 8867 isn’t just a checklist—it’s a compliance safeguard that can make or break a preparer’s practice. Expanded by recent legislation, including the Tax Cuts and Jobs Act, the due diligence requirements now apply to multiple credits and filing statuses. Failure to meet documentation standards can result in steep penalties and increased audit risk.

This course provides a practical overview of Form 8867 and the due diligence rules that govern credits like the Earned Income Tax Credit, Child Tax Credit, Tuition Credit, and Head of Household status. Participants will learn how to implement proper documentation procedures, avoid common mistakes flagged by IRS Publication 4687, and understand the penalty structure for noncompliance. Whether you’re preparing individual returns or managing a team, this session equips you to protect your practice and serve clients responsibly.

Speaker: James F. Tice, EA

Mr. James Tice is a distinguished leader in the firm’s tax practice. He specializes in organizing, preparing, and supervising complex tax planning and compliance for various tax-exempt organizations and small businesses. Mr. Tice frequently lectures on a wide range of topics, including tax, business, and ethics. He has been actively involved with the Pennsylvania Society of Tax & Accounting Professionals since 2005 and has been enrolled to practice before the IRS since 2012.