Is a Reinstatement of an Earned Income Credit possible?
If you claimed the Earned Income Credit (EIC) on a recent tax return, and have now found yourself in a position where the IRS has disallowed it and has either reduced your tax refund or is demanding repayment of the deduction you took for the EIC, let our tax advisors help you with this complex tax problem. Eligibility for the Earned Income Tax Credit is based on several factors and obviously you felt confident that you filed it correctly and were entitled to the EIC deduction. Insuring there is a successful reinstatement of your Earned Income Credit is best achieved by following the specific filing guidelines, using the proper forms, attempting to uncover and address the reasons the IRS has disallowed the EIC, and then tenaciously following up on a decision from the IRS.
