Hi, I'm Rex. Attacks on your tax return happen and generally, they delay your refund. When a mistake is made while claiming the Earned Income Tax Credit, you can expect to wait a little longer to receive that portion of your tax credit. In some cases, these errors can result in months-long delays. Additionally, errors on the EITC portion of your tax return could lead to a denial of your entire credit. If the IRS denies your AITC claim, you will face some repercussions. This includes the repayment of the EITC amount you've received, along with interest. In order to claim the earned income credit after disallowance, you will need to file Form 8862. However, if the mistake is deemed reckless or intentional by the IRS, you will not be able to claim the EITC for the following two years. In even more serious cases, if the IRS determines that your tax return was filed fraudulently, you will be banned from claiming the EITC for the next decade. For more information, please visit eatacts.com.
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Video instructions and help with filling out and completing Can Form 2350 Credits
