The Earned Income Tax Credit (EITC): Administrative and Compliance Challenges by

Description: The Earned Income Tax Credit (EITC) by Congressional Research Service The Earned Income Tax Credit (EITC) is a refundable tax credit available to eligible workers earning relatively low wages. Since the credit is refundable, an EITC recipient need not owe taxes to receive the benefit. Hence, many low-income workers, especially those with children, can receive significant financial assistance from this tax provision. Studies indicate that a relatively high proportion of EITC payments are issued incorrectly. The IRS estimates that in FY2013, 22% to 26% of EITC payments-between $13.3 billion and $15.6 billion-were issued improperly. These improper payments can be overpayments or underpayments. The IRSs most recent study (released in 2014) of the factors that lead to EITC overclaims-the difference between the amount of EITC claimed by the taxpayer on his or her return and the amount the taxpayer should have claimed-concluded that there were three major reasons that tax filers claimed the wrong amount of the credit: FORMAT Paperback LANGUAGE English CONDITION Brand New Details ISBN1507737092 Author Congressional Research Service Short Title EARNED INCOME TAX CREDIT (EITC Pages 30 Language English ISBN-10 1507737092 ISBN-13 9781507737095 Media Book Format Paperback Year 2015 Publication Date 2015-01-22 Imprint Createspace Independent Publishing Platform Publisher Createspace Independent Publishing Platform Series Crs Reports Subtitle Administrative and Compliance Challenges Audience General We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:93418610;

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