IRS Publication 4687 Spanish

IRS Publication 4687 Spanish – In the world of tax preparation, compliance and accuracy are paramount. For paid tax preparers serving Spanish-speaking clients, IRS Publication 4687 Spanish, titled “La Diligencia Debida para los Preparadores Remunerados” (Paid Preparer Due Diligence – Spanish Version), serves as an essential resource. This publication outlines the critical due diligence requirements that must be followed when preparing tax returns or refund claims involving specific tax benefits. Released in its latest revision in March 2025, it helps ensure preparers avoid penalties while accurately determining client eligibility for credits and filing statuses. Whether you’re a professional tax preparer, accountant, or someone interested in IRS guidelines, this article breaks down the key aspects of this publication, its importance, and how to access it.

What Is IRS Publication 4687 Spanish?

IRS Publication 4687 Spanish is the official Spanish-language version of Publication 4687, “Paid Preparer Due Diligence.” It provides detailed guidance on the legal obligations of paid tax return preparers under Treasury Regulation §1.6695-2. The document emphasizes that due diligence goes beyond simply checking boxes—it’s about thoroughly evaluating client information to ensure eligibility for certain tax benefits.

The publication applies specifically to returns or claims for refund that include:

  • Earned Income Tax Credit (EITC)
  • Child Tax Credit (CTC), Additional Child Tax Credit (ACTC), or Credit for Other Dependents (ODC)
  • American Opportunity Tax Credit (AOTC)
  • Head of Household (HOH) filing status

By law, if you’re paid to prepare such returns, you must meet four specific due diligence requirements. Failure to do so can result in penalties under Internal Revenue Code §6695(g). The Spanish version makes this information accessible to preparers and clients who prefer or require materials in Spanish, promoting better understanding and compliance within diverse communities.

The latest revision, dated March 2025, was posted on March 19, 2025, and remains relevant for the 2025 tax year. As of early 2026, no further updates have been announced, making this the current go-to resource for Spanish-speaking tax professionals.

Key Due Diligence Requirements for Paid Tax Preparers

The core of Publication 4687 Spanish revolves around four “must-do’s” for due diligence. These requirements focus on accurately determining eligibility and computing credits based on the client’s unique situation. Here’s a breakdown:

1. Know the Facts (Knowledge Requirement)

Preparers must thoroughly understand the tax laws related to EITC, CTC/ACTC/ODC, AOTC, and HOH status. This involves carefully evaluating the client’s personal information, such as income, dependents, and expenses. If any details seem incorrect, incomplete, or inconsistent, additional inquiries are mandatory until the information is verified. The IRS stresses that over 90% of due diligence penalties stem from failures in this area.

2. Compute the Credits Based on the Facts

Once the facts are gathered, credits must be calculated accurately using the verified information. This step ensures the return reflects the client’s true eligibility and avoids overclaiming or underclaiming benefits.

3. Complete Form 8867

Every return or claim involving these benefits requires the submission of Form 8867, “Paid Preparer’s Due Diligence Checklist.” This form must be filled out completely and attached to electronic or paper filings. It’s not just a formality—it’s a tool to document your compliance efforts.

4. Keep Records for Three Years

Preparers are required to maintain records demonstrating due diligence compliance for at least three years. This includes copies of Form 8867, worksheets, client questionnaires, and any supporting documents used to verify eligibility.

These steps are designed to protect both the preparer and the taxpayer, reducing errors that could lead to audits or penalties.

Why Is Due Diligence Important for Tax Preparers?

Failing to adhere to these guidelines can result in significant consequences. The IRS imposes a penalty for each return or claim that doesn’t meet due diligence standards, which can add up quickly for high-volume preparers. Beyond fines, non-compliance may trigger IRS visits, audits, or even referral to the Office of Professional Responsibility.

On the positive side, following Publication 4687 Spanish enhances trust with clients, especially in Spanish-speaking communities where language barriers can complicate tax matters. It also aligns with broader IRS efforts to educate preparers through toolkits, training modules, and resources like the Paid Preparer Due Diligence Training, which offers continuing education credits.

For clients, proper due diligence means accurate returns and maximized legitimate benefits, such as the EITC, which supports low- to moderate-income families.

How to Comply with IRS Due Diligence Guidelines?

To stay compliant:

  • Educate Yourself: Review the tax laws for each credit and status annually. Use IRS resources like Publication 4717, “Help Your Tax Preparer Get Your Tax Return Right,” to guide client interactions.
  • Ask the Right Questions: Develop client intake forms or questionnaires that probe for complete information.
  • Document Everything: Keep detailed records to prove your efforts in case of an IRS inquiry.
  • Utilize Tools: The IRS offers checklists like Form 886-H-EIC for additional support.

For Spanish-speaking preparers, the publication’s translation ensures clarity on terms like “diligencia debida” (due diligence) and specific requirements.

Download and Additional Resources

You can download the PDF of IRS Publication 4687 Spanish directly from the official IRS website: https://www.irs.gov/pub/irs-pdf/p4687sp.pdf. For the English version, visit https://www.irs.gov/pub/irs-pdf/p4687.pdf.

Other helpful IRS resources include:

Conclusion

IRS Publication 4687 Spanish is a vital tool for paid tax preparers aiming to meet due diligence standards while serving Spanish-speaking clients. By understanding and applying its guidelines, you can avoid penalties, ensure accurate filings, and build stronger client relationships. Stay updated with IRS announcements, as tax rules evolve. If you’re preparing taxes involving refundable credits or HOH status, make this publication a staple in your toolkit for compliant and efficient service.