Schedule Eic - (Form 1040a Or 1040) - Earned Income Credit (Page 2 of 2) in pdf

Schedule Eic - (Form 1040a Or 1040) - Earned Income Credit Page 2

Schedule EIC (Form 1040A or 1040) 2001

Page

Purpose of Schedule

The purpose of this schedule is to give the IRS

Taking the EIC When Not Eligible. If you take the

information about your qualifying child after you have

EIC even though you are not eligible and it is

figured your earned income credit (EIC).

determined that your error is due to reckless or

intentional disregard of the EIC rules, you will not be

To figure the amount of your credit or to have the IRS

allowed to take the credit for 2 years even if you are

figure it for you, see the instructions for Form 1040A,

otherwise eligible to do so. If you fraudulently take the

lines 39a and 39b, or Form 1040, lines 61a and 61b.

EIC, you will not be allowed to take the credit for

10 years. You may also have to pay penalties.

Qualifying Child

A qualifying child is a child who is your . . .

Son

Grandchild

Daughter

Stepchild

Adopted child

Foster child*

* A foster child is any child you cared for as your own child and

who is (a) your brother, sister, stepbrother, or stepsister; (b) a

descendant (such as a child, including an adopted child) of your

brother, sister, stepbrother, or stepsister; or (c) a child placed with

you by an authorized placement agency.

AND

was at the end of 2001 . . .

Under age 19

Under age 24 and a student

Any age and permanently and totally disabled

AND

who . . .

Lived with you in the United States for more than half of 2001 or,

if a foster child, for all of 2001.

If the child did not live with you for the required time, see

Exception to “Time Lived With You” Condition on page 42 of the

Form 1040A instructions or page 44 of the Form 1040 instructions.

Note. If the child was married or meets the conditions to be a

qualifying child of another person (other than your spouse if filing a

joint return), special rules apply. For details, see page 42 of the Form

1040A instructions or page 44 of the Form 1040 instructions.

Do you want part of the EIC added to your take-home pay in

+ $

2002? To see if you qualify, get Form W-5 from your employer,

call the IRS at 1-800-TAX-FORM (1-800-829-3676), or go to

Schedule Eic - (Form 1040a Or 1040) - Earned Income Credit Page 2

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