Hello, I need help with assignment: Module Three Assignment Guidelines and Rubric ACC 330 Module Three Assignment Guidelines and Rubric Overview Due diligence is the responsibility of a paid tax prepa
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Introduction[Provide a 1-2 paragraph introduction describing Form 8867, Paid Preparer’s Due Diligence Checklist, and requirements of tax practitioners relating to due diligence.]
Knowledge Requirement[Explain how a tax practitioner can satisfy the knowledge requirement discussed on Form 8867.]
Document Retention Record Keeping Requirement[Describe the type of documentation relied upon to complete Form 8867 and any accompany worksheets relating to applicable tax credits or HOH filing status.]
Inquiry Level – Reasonable Inquiries
[Explain the types of inquiries that should be made to complete Form 8867 with proper due diligence.]
[Consider discussing the credit-specific (and filing status-specific) questions noted on Form 8867.]
Consequences
[Describe the potential consequences of not meeting due diligence requirements.]
[Discuss any monetary or nonmonetary consequences.]
Conclusion[Provide a 1-2 paragraph conclusion discussing the importance of Form 8867 and due diligence required of tax practitioners.]
References[Sources should be cited according to APA style]
