tax cuts and jobs act head of household filing status ... · hoh hoh have you determined that each...
TRANSCRIPT
![Page 1: Tax Cuts and Jobs Act Head of Household Filing Status ... · HOH HOH Have you determined that each qualityjng person tor the CTC/ACTC/ODC is the taxpayer's dependent Who IS a Citizen,](https://reader034.vdocuments.net/reader034/viewer/2022050309/5f71b3731a193b0c14194099/html5/thumbnails/1.jpg)
Tax Cuts and Jobs ActHead of Household Filing Status
Preparer Due Diligence
Denise GoodSupervisory Management and Program Analyst, IRS
2018
1
![Page 2: Tax Cuts and Jobs Act Head of Household Filing Status ... · HOH HOH Have you determined that each qualityjng person tor the CTC/ACTC/ODC is the taxpayer's dependent Who IS a Citizen,](https://reader034.vdocuments.net/reader034/viewer/2022050309/5f71b3731a193b0c14194099/html5/thumbnails/2.jpg)
Important Change to Tax Preparer Due Diligence Requirement
• Establishment of due diligence requirement and penalty for Head of Household filing status
– Tax Year 2018 and beyond
TCJA2018
2
![Page 3: Tax Cuts and Jobs Act Head of Household Filing Status ... · HOH HOH Have you determined that each qualityjng person tor the CTC/ACTC/ODC is the taxpayer's dependent Who IS a Citizen,](https://reader034.vdocuments.net/reader034/viewer/2022050309/5f71b3731a193b0c14194099/html5/thumbnails/3.jpg)
Due Diligence Checklist 2017 vs 2018
Tax Year 2017
• EITC
• CTC/ACTC
• AOTC
Tax Year 2018
• EITC
• CTC/ACTC/ODC
• AOTC
• HOH3
![Page 4: Tax Cuts and Jobs Act Head of Household Filing Status ... · HOH HOH Have you determined that each qualityjng person tor the CTC/ACTC/ODC is the taxpayer's dependent Who IS a Citizen,](https://reader034.vdocuments.net/reader034/viewer/2022050309/5f71b3731a193b0c14194099/html5/thumbnails/4.jpg)
Key Qualifications…
Head of Household (HOH) Criteria
2018
Marital status Qualifying person
Cost of keeping up a home
4
![Page 5: Tax Cuts and Jobs Act Head of Household Filing Status ... · HOH HOH Have you determined that each qualityjng person tor the CTC/ACTC/ODC is the taxpayer's dependent Who IS a Citizen,](https://reader034.vdocuments.net/reader034/viewer/2022050309/5f71b3731a193b0c14194099/html5/thumbnails/5.jpg)
HOH and ITIN2018
5
![Page 6: Tax Cuts and Jobs Act Head of Household Filing Status ... · HOH HOH Have you determined that each qualityjng person tor the CTC/ACTC/ODC is the taxpayer's dependent Who IS a Citizen,](https://reader034.vdocuments.net/reader034/viewer/2022050309/5f71b3731a193b0c14194099/html5/thumbnails/6.jpg)
Form 88672018
6
![Page 7: Tax Cuts and Jobs Act Head of Household Filing Status ... · HOH HOH Have you determined that each qualityjng person tor the CTC/ACTC/ODC is the taxpayer's dependent Who IS a Citizen,](https://reader034.vdocuments.net/reader034/viewer/2022050309/5f71b3731a193b0c14194099/html5/thumbnails/7.jpg)
Form 88672018
7
![Page 8: Tax Cuts and Jobs Act Head of Household Filing Status ... · HOH HOH Have you determined that each qualityjng person tor the CTC/ACTC/ODC is the taxpayer's dependent Who IS a Citizen,](https://reader034.vdocuments.net/reader034/viewer/2022050309/5f71b3731a193b0c14194099/html5/thumbnails/8.jpg)
Delivering the Due Diligence Message
Spread the Word 2018
8