• Tax Year 2024 Due Diligence

  • You are being supplied with this questionnaire because you have indicated that you will be claiming the EITC/CTC and/or AOTC credits. The questionnaire is designed to assist us in qualifying you for some valuable refundable tax credits. While the questions may seem to be a little intrusive at times, they are questions that we are required to ask under the Due Diligence Requirements of the new Tax Laws.
  • Were you unmarried or considered unmarried on December 31, 2023?*
  • If you were married on December 31, 2023, did you live apart from your spouse for EVERY night within the last six months of 2023?
  • Will the other parent of the child/children be claiming the child on their tax return?
  • Did you provide over 50% of the upkeep and maintenance of your home for yourself and your dependent(s) in 2023?
  • Do you have full custody of your dependent(s)? And can provide documented proof to the IRS if requested.
  • Can anyone else claim your dependent(s) as a dependent on their tax return?

  • Not Your Biological Child Section:

    Please ONLY answer these questions in this section if the child/children on your return is NOT your biological child.
  • Did the dependent live in your home for more than 6 months?
  • Are you listed as the guardian for this dependent(s) on school records, medical records, daycare records, or place of worship records?

  • College Students ONLY

    Please complete this section ONLY if you or your dependent is in college.
  • Did student attend at least half time?
  • Did this student receive a tuition statement from the school? Form 1098-T?
  • Does the student have any drug related felonies?

  • Prepared Notes (For the Tax Professional only)

  • We will prepare your tax return based on information you provide. In the event your return is audited, you will be responsible for verifying the items reported. It is important that you review the return carefully before signing to make sure the information is correct. You the taxpayer are responsible for the information on your return. Preferred Wealth Financial strongly urge you the taxpayer to provide all your tax documents at the time of filing to avoid IRS letters, tax penalties, and extremely long tax return delays.

  • Taxpayer Certification

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    • CAN YOU, THE TAXPAYER, PROVIDE SCHOOL/MEDICAL/DAYCARE/PLACE OF WORSHIP/BIRTH CERTIFICATES UPON REQUEST FROM THE IRS?*
    • Date
       - -
      2 digit month, 2 digit day, 4 digit year
    • Should be Empty: