Due diligence happens by not understanding the law or by taking what the client says at “face value.” Other times, it is straight out fraud! As a tax preparer, I need to give due diligence more diligence. Doing this, will protect my clients, build their trust, and possibly receive more referrals. Equally important, it will protect me from getting in trouble with the law (IRS). Penalties can be avoided by following due diligence. Plus, it is the ethical thing to do. With that being said, the due diligence issues presented in this scenario and the steps to comply with due diligence are as follows:
The first thing came to mind was to verify Charlie’s age and filing status. For his age, I would ask to see his social security card and driver’s
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If so, then information such as legal documents regarding the separation would be needed. This is because he might fall under a different filing status and may also meet the requirements as head of household. Also, things such as alimony paid or received and child support could be a factor in preparing his income tax. Plus, this could help in determining who can claim the children as an exemption and receive the child tax credit and earned income tax credit.
In addition to the inquiries above, I would need to help him figure out if the children meet the requirements as a qualifying child. The test includes verification of the children’s age, residency, and relationship. In some cases, where the child is older, the joint return test would be required too, but the latter does not seem to apply in this scenario. However, for clarification of the children’s age and to comply with due diligence, I would ask for their social security cards. Furthermore, to ensure his confidence in me, I would help him understand that these are the IRS requirements and that I am here to assist him in properly filing his taxes.
Now, as we determine if the relationship and residency tests are met, I must (1) explain to him what relationships are acceptable as a qualifying child, which are most relatives except cousins, and (2) verify that he provided his residency for the children for over half of the year. This can be substantiated by him providing (1) receipts of
Identify and investigate these contemporary issues relating to family law and evaluate the effectiveness of legal and non-legal responses to these issues
often viewed as a back burner issue but more often than none they are the center
-OK, Let’s get back to the original question. Say, a potential client came to you not with 20k, but several million dollars. But these kinds of clients already have their own tax and legal advisors whose opinion means a lot to the clients. And in case their opinion differs from your advice…
In Ontario, the OHSA Section 25(2) (h) requires an employer to take “every reasonable precaution in circumstances for the protection of a worker”. This is known as due diligence. In a legal sense due diligence is a measure of prudence to be expected from and ordinary exercised by a reasonable and prudent person under particular circumstances depending on relative facts of the special case. Further meaning a standard of conduct measured by what would be expected from a reasonable person in the same circumstances.
(c) If the child is actually residing with a grandparent in a stable relationship, whether the court has awarded custody or visitation to the grandparent or not,
I’m writing this letter on behalf of Abigail Raup, student ID #4406770 in support of waiving the non-custodial profile. I have known Abby for about three and a half years, as her School Counselor. Her relationship with her biological father has been estranged for many years now.
Mr. Hesterberg stated if the mother is allowed to stay in Florida, he is unable to move to Florida. If he has to have a residence, finances associated with his travel and other expenses needs to taken into consideration. Mr. Hesterberg reported that he would establish a residence and not see his daughter in a hotel. If he has to go to Florida, the mother will be responsible for her own expenses, he would be able to go to Florida once a month for the weekend. He would see if he could work remotely on occasion. Mr. Hesterberg reported that he would want the mother to bring the child to New York as often as is possible.
Mr. Katzoff stated in July 2014, they came up with an agreement, joint decision making which included four overnights. He indicated that he agreed to 4 overnights over a 14 day period until Hudson fourth birthday. He indicated that he wanted to avoid litigation. The father reported on the child’s fourth birthday, Dr. Kaplowicz was going to make a recommendation for a fifth overnight. It was recommended and he get an extra overnight. The father stated that he agreed to the recommendation of Dr. Kapolowicz to avoid going to court. However, he indicated that from the beginning he wanted to 50-50 custody. The father stated that the parents signed a document agreeing to the proposal of Dr. Koplowicz. Mr. Katzoff stated that the parents lived by Dr. Koplowicz recommendation for about one year until October 2015. He indicated that decided that he was no longer agreeable to the plan of Dr. Koplowicz. He reported that Dr. Koplowicz recommendation indicated that the father would not get a sixth day until after the child was in first grade (2.5 years later).
4. The high school junior is classified as a qualifying child because he is under 19 years old and although Spouse B
The joint liability could cause issues for both parties if there were more tax liabilities or an audit was found in the IRS’s favor. When a joint return is filed personal exemptions are allowed for both spouses and exemptions for dependents can be claimed for all dependents.
Section 3 requires information about the employment status of your spouse. Record appropriate response and specify name of the spouse’s employer if your response is yes. Specify the number of children under age 18 in Section 4.
The child chosen for this child observation paper is a nine month old male, who appears to a healthy normal child. His mother is Caucasian and father is half Caucasian and half Hispanic. Mother and father are together however, are not married. He lives in the home with grandmother, mother, father, aunt, uncle a older
A check found his social security number to be valid and issued in the correct geographical region and time period. A check for criminal history and of the Sex Offender Registry was negative. The applicant has a valid
given him a list of questions that would prepare him well for the job. According to the boss:
Tzemach Lemmon, G., Coleman, I., Laksi, L. Nailante Leng'ete., N., Steinberg, D., & B. Vogelstein, R. (2013). Child Marriage. Retrieved August 11, 2015, from the interactive on the same page, [http://www.cfr.org/search/?Ntt=child+marriage&submit.x=0&submit.y=0]