How do I get a 8862 form?

Table of Contents

The easiest way to get Form 8862 is to download it from the IRS website. If you are using a professional tax preparer or tax preparation company, they will furnish this document for you. If you’re preparing your own return online, the tax software should automatically complete this form based on the data you enter.

Can I fill out a 8862 form online?

Adding Form 8862 From within your TaxACT return (Online or Desktop) click on the Federal Q&A tab. Click Other Credits to expand the category, then click Information to claim EIC after disallowance. Click Yes and the program will proceed with the interview questions.

How do I file 8862 on TurboTax?

How do I add form 8862?

Log into your account and click Take me to my return.
Go to Search box in top right cover and click there to type in 8862 and hit enter.
Then click on Jump to 8862 that appears in search results.
This takes you to the screen Looks like the Earned Income Credit may put more money in your pocket.

How do I know if I need form 8862?

File Form 8862 If we denied or reduced your EITC for a tax year after 1996 (CTC, ACTC, ODC or AOTC for a tax year after 2015) for any reason other than a math or clerical error, you must include Form 8862, Information to Claim Certain Credits After Disallowance with your next tax return.

Why do I need to fill out form 8862?

Taxpayers complete Form 8862 and attach it to their tax return if: Their earned income credit (EIC), child tax credit (CTC)/additional child tax credit (ACTC), credit for other dependents (ODC) or American opportunity credit (AOTC) was reduced or disallowed for any reason other than a math or clerical error.

Do I have to file form 8862 every year?

In other words, you only need to file Form 8862 once for each time the credit is disallowed.

How do I remove form 8862 from TurboTax?

To delete Form 8862:

Open your return in TurboTax. (To do this, sign in to TurboTax, and select the Take me to my return button.)
In the left side bar, select Tax Tools> Tools.
In the pop-up window Tool Center, choose Delete a form.
Select Delete next to the form/schedule/worksheet and follow the onscreen instructions.

What does 8862 mean?

IRS Tax Forms / Filing Tax Form 8862: Information to Claim Earned Income Credit after Disallowance.

What is the penalty for fraudulently claiming the Earned Income Credit?

If you’ve committed EITC fraud, you may be subject to the following penalties: You will need to pay back the EITC credit plus interest. You will need to re-file to claim the EITC again. In the case that you committed fraud by error, the IRS may ban you from claiming the EITC for the next 2 years.

What is an 8862?

What is the penalty for illegally claiming someone as a dependent?

If convicted of filing a return with willfully false information, such as an improperly claimed dependent, you can be sentenced to up to three years in prison, fined up to $250,000 and made to pay the costs of your prosecution.