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IRSThe Internal Revenue Service is sending notices of proposed penalties to nearly 800 preparers who had already received a warning letter about their not submitting forms required for returns claiming the Earned Income Tax Credit. The letters are going to those received notices after they did not file Form 8867 for tax year 2011 for returns claiming the EITC, but continue to submit such returns for 2012.

Preparers are subject to a $500 penalty per return for not submitting or attaching Form 8867, the Paid Preparer's Earned Income Credit Checklist, with electronic and paper EITC returns or claims for refund.

The IRS is sending these preparers Letter 4989, which orders  them to immediately begin submitting the required forms. The agency also tells these practitioners that it can also consider revoking their Authorized IRS e-file Provider status for continued failure to comply.

Last modified on Monday, 23 December 2013
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