New Filing Status for Head of Household Penalty Starts NOw

The IRS issued out the finally regulations expanding the long-standing Paid preparer Due diligence requirement to include individual income tax returns claiming the head of household filing status.


The additional requirement will apply starting with 2018 returns, prepared on or after November 7, 2018.


Failure to complete form 8867 and comply with the requirement, the penalty will be $520.00