New 8867

[mlinderEA]

Has any one looked at the new 8867?It is almost an affidavit of the client being eligible for EITC so they can fine you if they feel like it.I think I will have to raise my prices $50.00 just for this form.

[Kram BergGold]

My take

From previous posts on TTB, it seems like IRS is going after Tax Pro's who are doing like a 100 or more EITC returns. For people like myself, who do under 10 a year, it seems like as long as we prepare the 8867 the chance of an IRS examination is about the same as any return. So I am inclined not to over react.

[JoshinNC]

Raising mine by $500.00!

Has any one looked at the new 8867?It is almost an affidavit of the client being eligible for EITC so they can fine you if they feel like it.I think I will have to raise my prices $50.00 just for this form.

As soon as EITC pops up on the return the fee will go up $500.00. This is equal to the potential fine, as I understand it. This way, I am covered in the event the client lies and I don't catch it.