all of the following are requirements for a tax professional to meet the EITC due...

60.1K

Verified Solution

Question

Accounting

all of the following are requirements for a tax professional to meet the EITC due diligence requirement except:

a) maintain a record of how and when EITC information was obtained and the identity of the person who provided it.

b) investigate and verify the accuracy of information a client provides to show eligibility for EITC.

c) make inquires to determine if a well-informed tax return preparer knowledgeable in the law would conclude that the information received from the taxpayer appears to be incorrect, inconsistent, or incomplete.

d) compute the EITC by completing an earned income credit worksheet or alternate computation record.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students