PURPOSE

The purpose of this bulletin is to explain the procedure for the annual review of employees with Earned Income Credit (EIC).

REQUIREMENT

Internal Revenue Service Regulations require employees eligible for advance payment of Earned Income Credit to file a new W-5 "Earned Income Credit Advance" certificate each year.

REPORT

A report is now available in REVEAL (TAX113) identifying employees in your agency currently claiming Earned Income Credit.

If you have not received a new W-5 for an employee on this report, the EIC must be canceled on the Employee Tax Data panel.

Questions concerning this bulletin should be directed to Denise Shoddy at (518) 473-6336.