Question 6 of 10. Bob, who is not a dependent and is self-employed,...
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Question of Bob, who is not a dependent and is selfemployed, states he wishes to claim the Earned Income Credit this year for his yearold dependent child. Bob tells you he earned $ from his business but has no records tc substantiate income or expenses. Both Bob and his child reside in the US Bob tells you that the child lives with him, is not married, is disabled, and has never had a job. Which of the following is true? They cannot claim EIC. The tax preparer cannot prepare the return. They can make a Form MISC to document their own income. The tax preparer must assist the client in preparing a reconstruction of income and expenses and keep a copy of the reconstruction in the H&R Block office file. Mark for follow up
Question of
Bob, who is not a dependent and is selfemployed, states he wishes to claim the Earned Income Credit this year for his yearold dependent child. Bob tells you he earned $ from his business but has no records tc
substantiate income or expenses. Both Bob and his child reside in the US Bob tells you that the child lives with him, is not married, is disabled, and has never had a job. Which of the following is true?
They cannot claim EIC.
The tax preparer cannot prepare the return.
They can make a Form MISC to document their own income.
The tax preparer must assist the client in preparing a reconstruction of income and expenses and keep a copy of the reconstruction in the H&R Block office file.
Mark for follow up
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