Question
In your review of the prior year returns, you notice the client inappropriately claimed an education credit for one of their non-dependent children. The credit
In your review of the prior year returns, you notice the client inappropriately claimed an education credit for one of their non-dependent children. The credit was subject to phase-out, so this error only reduced the taxpayer's taxable income by $5. You ignore the error and move on.
Was this an appropriate response?
Briefly explain your responses as well as the specific SSTS sections that support your conclusion.
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Get StartedRecommended Textbook for
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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