What form must qualified members file to receive advance payments of earned income credit?

Qualified members must file Form W-5 to receive advance payments of the Earned Income Credit (EIC). This form is specifically designed to help eligible individuals, typically those with children and a low-to-moderate income, access their earned income credit benefit in the form of advance payments. When income qualifies, the W-5 allows individuals to request that their employer provide them with advance payments directly through their paycheck, which can help ease financial strain throughout the year rather than waiting for a refund at tax time.

This form simplifies the process for those who qualify, allowing them to better manage their cash flow and meet ongoing expenses. On the other hand, other forms like the W-2 and W-4 serve different purposes related to employment and tax withholding, while the W-6 is not relevant in this context concerning the Earned Income Credit.