Question 31 of 50. Review the following scenario, then choose the appropriate response describing steps a paid tax preparer must tato demonstrate due diligence. Charlie (21) comes in to your office to have his tax return prepared. He states that he is a full-tim college student with income from a part-time job, and his parents will not claim him as a dependent. He wants to daim the American Opportunity Tax Credit (AOTC). Which of the following describes an appropriate question to ask or action to bala Ask him if he has ever been convicted of a misdemeanor offense or had his driver's license revoked Inform him that he may be assessed a penalty of $545 if he fails to provide all the information required. Inform him he must provide copies of all transcripts before you can prepare his retum. Request a copy of his Form 1098-T, Tuition Statement, and inquire into when and how his education and other living expense were paid. Mark for follow up Question 32 of 50. rise of theSA mbing systems. She is Only services
Question 31 of 50. Review the following scenario, then choose the appropriate response describing steps a paid tax preparer must tato demonstrate due diligence. Charlie (21) comes in to your office to have his tax return prepared. He states that he is a full-tim college student with income from a part-time job, and his parents will not claim him as a dependent. He wants to daim the American Opportunity Tax Credit (AOTC). Which of the following describes an appropriate question to ask or action to bala Ask him if he has ever been convicted of a misdemeanor offense or had his driver's license revoked Inform him that he may be assessed a penalty of $545 if he fails to provide all the information required. Inform him he must provide copies of all transcripts before you can prepare his retum. Request a copy of his Form 1098-T, Tuition Statement, and inquire into when and how his education and other living expense were paid. Mark for follow up Question 32 of 50. rise of theSA mbing systems. She is Only services
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 40P
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Transcribed Image Text:Question 31 of 50.
Review the following scenario, then choose the appropriate response describing steps a paid tax preparer must take to
demonstrate due diligence. Charlie (21) comes in to your office to have his tax return prepared. He states that he is a full-tim
college student with income from a part-time job, and his parents will not claim him as a dependent. He wants to claim the
American Opportunity Tax Credit (AOTC). Which of the following describes an appropriate question to ask or action to take
ooo
Ask him if he has ever been convicted of a misdemeanor offense or had his driver's license revoked.
Inform him that he may be assessed a penalty of $545 if he fails to provide all the information required.
Inform him he must provide copies of all transcripts before you can prepare his retum.
Request a copy of his Form 1098-T, Tuition Statement, and inquire into when and how his education and other
were paid.
Mark for follow up
Question 32 of 50.
Tee of these pro
ambing systems. She is not
Only services
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