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IRS to Monitor "High Risk" Preparers
The Internal Revenue Service plans to inform preparers who have been identified as "high risk" that it has noticed questionable traits on a number of the Schedules A, C or E that they have prepared. The IRS will send letters to these preparers and will also contact those whose clients' returns have traits associated with questionable Earned Income Tax Credits.
That was the plan oultined by IRS Commissioner Doug Shulman this month. He said the letters will ask preparers to review rules about those areas in order to ensure they are meeting their due-diligence requirements when interviewing clients. Shulman also said that the IRS will perform in-person visits with EITC return preparers "to discuss due-diligence requirements, assessing penalties against those who are found to be non-compliant."
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