Question

Which of the following is NOT TRUE about the due diligence requirements? The tax preparer must submit Form 8867 with the return, with entries for the following credits claimed on the return: EITC, CTC/ODC/ACTC, and AOTC. The tax preparer must always obtain documentation to prove the relationship and residency of a qualifying child before completing a claim for the EITC, CTC/ODC/ACTC, and AOTC. The tax preparer must keep a copy of any documents provided by the taxpayer upon which the tax preparer relied to determine eligibility for, or the amount of, the EITC, CTC/ODC/ACTC, and AOTC. The tax preparer must make additional inquiries if the taxpayer's responses appear incorrect, inconsistent, or incomplete. They also need to record any questions asked and the taxpayer's answers provided.

          Which of the following is NOT TRUE about the due diligence requirements? The tax preparer must submit Form 8867 with the return, with entries for the following credits claimed on the return: EITC, CTC/ODC/ACTC, and AOTC. The tax preparer must always obtain documentation to prove the relationship and residency of a qualifying child before completing a claim for the EITC, CTC/ODC/ACTC, and AOTC. The tax preparer must keep a copy of any documents provided by the taxpayer upon which the tax preparer relied to determine eligibility for, or the amount of, the EITC, CTC/ODC/ACTC, and AOTC. The tax preparer must make additional inquiries if the taxpayer's responses appear incorrect, inconsistent, or incomplete. They also need to record any questions asked and the taxpayer's answers provided.

Added by William S.

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