Ace the Registered Tax Return Preparer RTRP Exam 2024 – Tax Pro Awesomeness Awaits!

Records related to the Earned Income Credit (EIC) should be kept for a minimum of three years after June 30th following the date the return was presented to the taxpayer for signature. This requirement is in place to ensure that if the IRS were to inquire about the EIC claim on a taxpayer's return, the necessary documentation can be provided for review. Keeping these records for three years allows for compliance with the recordkeeping requirements outlined by the IRS. Option A, which suggests keeping records for only one year, is not sufficient to meet IRS guidelines for record retention related to the EIC. Option B of keeping records for two years falls short of the minimum three-year requirement. Option D, suggesting keeping records for four years, exceeds the necessary retention period for EIC-related records as required by the IRS.