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    Due Diligence Documentation Sheet

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    keith
    This document is a due diligence checklist for a 2018 tax return claiming certain credits and filing statuses. It requires documentation to ensure compliance and avoid penalties for the paid preparer. It lists the client information, credits/statuses checked, and requires a compliance checklist be completed with interview questions and answers and supporting documents attached. Employees who fail to comply may face penalties and disciplinary action up to termination.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Due Diligence Documentation Sheet

    Uploaded by

    keith
    52 views2 pages
    This document is a due diligence checklist for a 2018 tax return claiming certain credits and filing statuses. It requires documentation to ensure compliance and avoid penalties for the paid preparer. It lists the client information, credits/statuses checked, and requires a compliance checklist be completed with interview questions and answers and supporting documents attached. Employees who fail to comply may face penalties and disciplinary action up to termination.

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    due diligence doc sheet

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    This document is a due diligence checklist for a 2018 tax return claiming certain credits and filing statuses. It requires documentation to ensure compliance and avoid penalties for the paid preparer. It lists the client information, credits/statuses checked, and requires a compliance checklist be completed with interview questions and answers and supporting documents attached. Employees who fail to comply may face penalties and disciplinary action up to termination.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    52 views2 pages

    Due Diligence Documentation Sheet

    Uploaded by

    keith
    This document is a due diligence checklist for a 2018 tax return claiming certain credits and filing statuses. It requires documentation to ensure compliance and avoid penalties for the paid preparer. It lists the client information, credits/statuses checked, and requires a compliance checklist be completed with interview questions and answers and supporting documents attached. Employees who fail to comply may face penalties and disciplinary action up to termination.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    Client Name Tax Period Ending 12.31.

    2018
    Primary TIN Tax Form 1040
    Return Preparer & P GREGORY K COLE II; P01744198 Completion Date
    Check the Following if Applicable
    EIC CTC/ACTC/ODC AOTC HOH

    DUE DILIGENCE DOCUMENTATION


    In order to ensure compliance with all due diligence requirements for claiming the applicable credit(s) and/or HOH filing
    status on the return, the following items are required. All preparers employed or contracted by the firm are required to
    comply with these regulations, as set forth by the Internal Revenue Service. Any paid preparer that does not comply with
    these requirements may be assessed a penalty of $520 for each failure to comply, per item, with no maximum; as outline
    in 26 CFR § 1.6695-2T. Employees will be immediately reprimanded and an internal compliance check will be completed
    to ensure there are not multiple failures to comply. Employees who intentionally disregard this requirement will face
    disciplinary actions, not to exclude immediate termination from the firm.
    COMPLIANCE CHECKLIST
    X Taxpayer(s) have been interviewed, where adequate questions were asked and their response docu
    X Form 8867 has been completed truthfully and accurately and all applicable sections have been com
    X Attached to this Form is: Form 8867, Worksheets, Tax Computation Worksheet, Copies of Documen
    INTERVIEW QUESTIONS AND ANSWERS

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