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H&R Block Income Tax Course Exam Questions With Solutions $17.49   Add to cart

Exam (elaborations)

H&R Block Income Tax Course Exam Questions With Solutions

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H&R Block Income Tax Course Exam Questions With Solutions Tax Professional knowledge requirement Tax Preparers are responsible for knowing the tax law and using that knowledge to ensure that the correct questions are asked to get all the relevant facts as they apply to each EIC return. Does ...

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  • October 19, 2024
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  • 2024/2025
  • Exam (elaborations)
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H&R Block Income Tax Course Exam
Questions With Solutions

Tax Professional knowledge requirement Tax Preparers are responsible for knowing the

tax law and using that knowledge to ensure that the correct questions are asked to get all the

relevant facts as they apply to each EIC return.




Does this make sense? - Tax Professional must not know or have reason to know that any

information used by the Tax Professional in determining the taxpayer's eligibility for, or the

amount of, the EIC is incorrect.

- Tax Professional must make reasonable inquires and the client's answers at the time of the

interview.




To comply with EIC - Records Retention Requirement: MUST:


- Retain Form 8867 and EIC worksheet or equivalents & maintain a record of how & when the

info used to complete these forms was obtained.




- Verify the identity of person giving you the info & maintain a record of who furnished the info

and when you received the info used to determine the credit.




- Keep the records for THREE YEARS from the latest date of the following that apply:

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