Which one of the following statements is correct regarding the new TCJA legislation? o A. The Act increases the AMT for corporations. B. The allowable depreciation for passenger automobiles increases. O C. The corporate tax rate is 21% for any level of income. D. The cost recovery period for farm equipment increases. The new legislation imposes a due diligence requirement on tax return preparers for which of the following? A. Student loan discharge B. Claiming head of household status O CABLE account changes O D. Contesting IRS Levies