Question
Would You Sign This Tax Return? Your clients, Adam and Amy Accrual have a 21-year-old daughter named April. April is single and is a full-time
Would You Sign This Tax Return?
Your clients, Adam and Amy Accrual have a 21-year-old daughter named April. April is single and is a full-time student studying for her bachelors degree in accounting at California Poly Academy (CPA) in Pismo Beach, California, where she lives with her roommates year-round. Last year, April worked at a local bar and restaurant four nights a week and made $18,000, which she used for tuition, fees, books, and living expenses. Her parents help April by sending her $300 each month to help with her expenses at college. This is all of the support given to April by her parents. When preparing Adam and Amys tax return, you note that they claim April as a dependent for tax purposes. Adam is insistent that they can claim April because of the $300 per month support and the fact that they have claimed her since she was born. He will not let you take April off his return as a dependent. Would you sign the Paid Preparers declaration (see example above) on this return? Why or why not?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started