2022 American Opportunity Tax Credit Due Diligence Form

2022 American Opportunity Tax Credit Due Diligence Form

Required Due Diligence Questions for Certain Income Tax Positions
The IRS requires tax return preparers to complete a due diligence checklist with all income tax returns that contain certain credits and deductions, with steep penalties for noncompliance. Your return qualifies for the following special credits/deductions; therefore, it is imperative you read and understand this entire document. YOUR RETURN WILL NOT BE FINALIZED UNTIL YOU ANSWER EACH QUESTION BELOW AND SIGN AND RETURN THIS DOCUMENT TO US.

AMERICAN OPPORTUNITY TAX CREDIT:
The American Opportunity Tax Credit is a credit for qualified education expenses paid for an eligible student for the first four years of higher education. To be eligible for this credit, a student must meet ALL OF the following requirements:
- Be pursuing a degree or other recognized education credential.
- Be enrolled at least half time for at least one academic period beginning in the tax year.
- Not have finished the first four years of higher education at the beginning of the tax year.
- Not have claimed this credit or the former Hope credit for more than four tax years.
- Not have a felony drug conviction at the end of the tax year.
Additionally, in order to claim this credit, the taxpayer, spouse, and the qualifying student must all have a valid taxpayer identification number issued or applied for on or before the due date of the tax return.

PLEASE ANSWER THE FOLLOWING QUESTIONS:
List each person included on your tax return (taxpayer, spouse, or dependent) for whom you paid tuition in 2022 and who met every one of the above criteria.
If your tax return was to be audited by the IRS, you would need to provide documentation to prove that you qualify for this credit. Would you be able to provide them with such documentation if requested?

YesNo
Have you ever been notified by the IRS that this credit was disallowed or reduced in a previous year?

YesNo
By signing below, you indicate that you and your spouse, if applicable, have read and agreed to all of the above answers.
Taxpayer Name*

First NameLast Name
Email*
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Taxpayer Signature*

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Date

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Date
Spouse Name (if applicable - if not, please N/A)*

First NameLast Name
Spouse Signature (if applicable - if not, please N/A)*

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Date
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