Help New Client Utilize EITC/ACTC Lookback using IRS Transcript via Form 8821

For many clients, this look back yields a significant increase in EIC and/or ACTC – a BIG win for our clients! For prior year clients, we can easily tell if clients will benefit from this look back. But for new clients, they must provide the exact amount of earned income from last year’s tax return. This process can be daunting for clients not able to access their prior year returns, potentially missing out on a higher refund.

This is where we can make a difference for our new clients! As an added value for new clients, request their transcript via Form 8821.