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Although as many as one in five eligible taxpayers fail to claim the EITC, some of those who do claim it either compute it incorrectly or are ineligible.
The IRS is proposing this step as part of its efforts to ensure that the credit is afforded to taxpayers who qualify.
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1, 2012, to file the Form 8867 with each return claiming the EITC. Comments on the proposed regulations are due by Nov.
10, 2011, and a public hearing on the proposed regulations is scheduled for Nov. The EITC benefits low-and moderate-income workers and working families and the tax benefit varies by income, family size and filing status.
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