ProConnect HelpIntuit HelpIntuit

Understanding diagnostic ref. 18348 - Earned Income Credit (EIC) due diligence

SOLVEDby Intuit45Updated November 20, 2023

The program is generating the following informational diagnostic:

  • The program makes certain assumptions regarding the qualifications for the earned income credit.  Review Form 8867 and verify that those assumptions are correct before filing this return.  The penalty for failing to meet the due diligence requirements for the earned income credit is $510. (ref. #18348)

This diagnostic is informational and will not affect the ability to print or file the return.  

The program assumes that you're meeting your due diligence requirements for the EIC.  The due diligence requirements are found on Part V of Form 8867.  You should review these requirements to make sure you're meeting them. 

The penalty for failing to meet the due diligence requirements for the EIC is $510.

 

For tax years 2016 and prior, the due diligence requirements are found on Part IV of Form 8867.

Was this helpful?

You must sign in to vote, reply, or post
Lacerte TaxProConnect Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.

Dynamic AdsDynamic Ads