The IRS has launched a campaign to step up
efforts in enforcing the Earned Income Tax Credit (EITC) duty of due diligence. The Internal Revenue Service has recently raised penalties for when a tax preparer fails to meet his or her duty of due diligence. This change is relevant to tax preparers all throughout Alabama & Georgie. The IRS has assumed a predatory role in enforcing its new policies. Previously, the penalty for failure to meet the standard for due diligence was only $50, and was rarely enforced. With the new regulations in place, the IRS has not only raised the penalty from $50 to $500, but it has sent out more auditors specifically looking to take advantage of unsuspecting preparers.
For more visit www.mooresservicesonline.comefforts in enforcing the Earned Income Tax Credit (EITC) duty of due diligence. The Internal Revenue Service has recently raised penalties for when a tax preparer fails to meet his or her duty of due diligence. This change is relevant to tax preparers all throughout Alabama & Georgie. The IRS has assumed a predatory role in enforcing its new policies. Previously, the penalty for failure to meet the standard for due diligence was only $50, and was rarely enforced. With the new regulations in place, the IRS has not only raised the penalty from $50 to $500, but it has sent out more auditors specifically looking to take advantage of unsuspecting preparers.
MOORE'S SERVICES, LLC
2160 Green Springs Hwy., Suite E.
Birmingham,AL 35205
Phone: (205) 324-8753
Email: mooreservices1@gmail.com
Email: mooreservices1@gmail.com
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