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Form 8867 for South Carolina: What You Should Know

Humble was among six preparers who filed the Tax Cuts & Jobs Act (TCA) on May 4, 2017 [See my previous post, which also includes some tips for preparing the completed form by yourself with the help of a tax advisor. You can skip the previous post if you already have Form 8867. ] I recently received the following: “The paid preparer's due diligence checklist is one of our required forms for certified preparation returns. It's a great form that will save you hundreds, if not thousands, of dollars. However, you will have to contact your tax preparer or tax professional at their convenience for instructions and their contact information, which may result in delays. It is the tax preparer/tax professional's responsibility to complete and file the form for you at the time and with the required information, or when you contact them or their tax professional, depending on the situation.” Humble had never heard about this policy, and, of course, was very surprised when I told her that this is a requirement for the completed Form 8867. She gave me a copy of the IRS Form 1065-B, Information to Preserve for Filing Information Returns Due to the Emergency and Theft of Preparer's Identity. The form must be attached to or completed on the return, and must include tax information, including social security number and your own pay stubs and pay statements. In addition, the IRS Form 8867, Earned Income Credit Checklist, must be completed and attached to your tax return or claim for refund, unless you have already filed the completed form using Chub. I thought about how to complete the form with the help of a tax advisor. After speaking with a tax professional, I learned that even without a form of ID, the due diligence information can be obtained from the pay stub of an individual who does not qualify for a credit. As long as I can find the pay stub, the information is there. You can also go to , search for the Earned Income Credit Checklist, and look for the appropriate year, such as 2007.

Online methods assist you to arrange your doc management and supercharge the productiveness within your workflow. Go along with the short guideline to be able to complete Form 8867 for South Carolina, keep away from glitches and furnish it inside a timely method:

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