WebFeb 10, 2024 · Audits for compliance with due diligence for certain tax benefits, such as the earned income tax credit (EITC), child tax credit (CTC), including additional child tax credit (ACTC), credit for other dependents (ODC), American opportunity tax credit (AOTC) and/or the head of household (HOH) filing status, as defined by IRS Section IRC 6695(g) … WebPreparer Due Diligence. Paid tax return preparers must meet specific due diligence requirements when preparing returns or claims for refund claiming the: Child tax credit …
CTC Worksheets - Delta SEE
WebThe 4 due diligence requirements for returns with refundable credits and / or HOH status are: 1) Complete & submit Form 8867, Paid Preparer's Due Diligence Checklist, for ea EITC, CTC/ACTC/ODC,AOTC & HOH status claim prepared 2) Complete and keep all worksheets used to compute the credit 3) Apply the knowledge requirement: the … WebQuestion 8 of 18. All of the following are requirements for a Tax Professional to meet the due diligence knowledge requirement for EITC, HOH, AOTC, and CTC/ACTC/ODC EXCEPT: Requiring the taxpayer to provide all documentation to substantiate taxpayer eligibility prior to the taxpayer claiming the credit. Not knowing or having reason to know … chuck e cheese outfit roblox
Form 8867 Due Diligence Checklist - Bishop & Adkins, P.A.
WebJan 20, 2024 · Section 1.6695-2 of the Regulations describes the four due diligence requirements a paid tax return preparer must meet when preparing a return or claim for refund claiming the EITC, … WebMay 17, 2024 · d) Judy is required to complete Form 8867, the EIC worksheet, CTC/ACTC/ODC, and AOTC worksheets. Judy is also expected to ask additional questions and document the taxpayer’s answers. Copies of documentation provided by the taxpayer should be kept substantiating eligibility for the EIC, CTC/ACTC/ODC, and AOTC and … WebWhat You Need to Know about CTC, ACTC and ODC. Here's what you need to know about the Child Tax Credit (CTC), the Additional Child Tax Credit (ACTC) the refundable … Whether you are a social or civic organization, a government office or … Share the latest Child Tax and Additional Child Tax Credit tips in just 140 … chuck e cheese other name