We came up with a due diligence aid / (client questionnaire) that compiled some info I found on various forums and what we felt was good for us and our clientele. If anyone is interested in the pdf file, just pm me your email and I will send a copy to you. This is by no means an end all form, but an aid. Feel free to PM me any comments. I also have it in MSWord format if one would like to make changes to it to conform to their practice. Have a great day. Oh yeah, bear with me, I will try to check PM's daily. But it may be every other day or so. Have a great season.
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Please shoot me any suggestions or concerns too. -
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So I called the Practitioner Hotline today to try and get some answers to a few questions. Was told 15 - 30 minute wait time. One hour later the **** thing said wait time of 30 - 60 more minutes. Then 14 minutes later it just cut me off. I am so pissed off !!! Wish I had some valium !!!Comment
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Everybody should pay his income tax with a smile. I tried it, but they wanted cashComment
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I would appreciate a copy also. I would appreciate the Word copy also. Thanks.
ClergyTaxes@aol.com
MikeComment
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I would like a copy including the word document. Thanks so much for offering to send us all a copy. Very nice of you!!!
cortax@charter.netComment
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Thank you! wolters@optonline.netThis post is for discussion purposes only and should be verified with other sources before actual use.
Many times I post additional info on the post, Click on "message board" for updated content.Comment
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Copy of Aid
I bet you you are sorry you started this but please send copy to rwagner39@verizon.netOriginally posted by BOB W View PostComment
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No problem. Glad to help.Originally posted by rwagner39 View Post
I do have a question on how other preparers are handling question 3, a and b and question 5
Question 3 to me is wide open to interpretation. Example, I can see answering yes to 3 (which a and b have to be yes too to do so) for new clients.
Now for prior clients, ones you have known for years, do you grill them and document the answers ? Or just answer "no" on line 3 and move on ? If you answer "no" on line 3, did you meet your "due diligence" ? Is your butt in trouble ? Our repeat clients a lot of times just drop off their stuff and living in a small community, we know them personally. Is a signed and dated "questionnaire" Like the one posted good enough to meet the "knowledge requirement" ?
Question 5 That's another tricky one. We scan all documents given to us. Now does a 1099T and college bursar statement fall in this category ? Or a W2 for a EIC client with no kids ? Should we as preparers check yes to 5 all the time because, well we get a lot of client documents ? Or check no because those are documents you always get !! Do you check yes to 5 only when you "question" the credit and rely on a document that "proves" the credit. Will checking "No" mean you did not meet your "due diligence"
If you read the instructions for 3 and 5 they are pretty vague and open to interpretation. And the questions themselves the same. All others are pretty much straight forward.
I posted roughly the same question before and the answers were, well, all different too
I tried to get through to the IRS law dept. and ask them, but after 1 1/2 hours on hold, the line went dead. How are other doing 3 (a &b), and 5
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