Louisiana Contractors License Practice Exam

Question: 1 / 400

What is needed to receive earned income credit in advance?

Form W-4

Employment Certificate

Form W-5

To receive the Earned Income Credit (EIC) in advance, individuals must submit Form W-5, which is specifically designed for this purpose. Form W-5 allows eligible taxpayers to receive a portion of their EIC benefits as an advance payment rather than waiting until they file their tax return. This can be particularly beneficial for those who may have limited cash flow and need assistance throughout the year.

Form W-4 is primarily used to determine the amount of federal income tax withholding from an employee's paycheck, while an Employment Certificate is generally associated with proving an individual's age and eligibility to work, especially in cases involving minors. Form I-9 is specifically used for verifying the identity and employment authorization of employees in the U.S. Therefore, the only form relevant to receiving the earned income credit in advance is Form W-5.

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Form I-9

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