An employee could be eligible to receive advance EIC payments if all three of the following conditions are met.

1. You have at least 1 (one) qualifying child.
2. You expect that your 2007 earned income and modified adjusted gross income will each be less than $33,241 ($35,241 if you expect to file a joint return for 2007).
3. You expect to be able to claim the EIC for 2007.

If you think you may be eligible for advance EIC payments, you should request a W-5 from the Business Office. The W-5 will provide more guidelines and the criteria that must be met before filling out the W-5, "Earned Income Credit Advance Payment Certificate". If you are eligible for the advance EIC payment, fill out the W-5 and return to Payroll, Heston Hall.

An adjustment will not be made to taxes withheld prior to the payroll of the first advance EIC payment made after the W-5 is completed. If your status changes during the year and you are no longer eligible for the advance EIC payment, you need to fill out a new W-5. You should put "no" on the line that no longer applies to your status. A W-5 expires on December 31 of each year. An employee must complete a W-5 each year that he/she qualifies for the advance EIC payment.

Employees with questions can contact the Human Resources Department at (605) 642-6549 or the Internal Revenue Service at 800-424-1040.