What To Expect During A Due Diligence Audit 2022

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• Paid Preparer Due Diligence Audit Videos

  Paid Preparer Due Diligence Exam Initial Contact - Part 1 Paid tax preparer receives a letter stating returns prepared will be examined for meeting due diligence requirements. Preparer contacts IRS Agent to set up an appointment.  CLICK HERE to watch ...

• Paid Preparer's Due Diligence Checklist

  Paid tax return preparers are required to exercise due diligence when preparing any client’s return or claim for a refund. Starting in 2016, the paid tax return preparer's Earned Income Credit (EIC) due diligence, and recordkeeping requirements ...

• Paid Preparer Due Diligence Training Module

  The Paid Preparer Due Diligence Training helps you, as a tax preparer, better understand the earned income tax credit (EITC), the child tax credit (CTC), the additional child tax credit (ACTC), the credit for other dependents (ODC), the American ...

• Due Diligence For Schedules A, C, and E

  Schedule A To prepare an accurate Schedule A, you should ask your clients sufficient questions to determine that the expenses that are being claimed are correct. The most common Schedule A issues are: Unreimbursed Employee Business Expenses claimed ...

• Paid Preparer Knowledge Requirement and Documenting Taxpayer Responses

  Paid Preparer Due Diligence Requirements A preparer complies with the due diligence requirements set forth in Treasury Regulations for the EIC, the CTC/ACTC, or the AOTC claimed on a return or claimed for a refund if they do the following: Complete ...