Lucy Jordan has been married to Leon Jordan for 25 years. They've been coming to the same office for 25 years to do their taxes. Leon is at work and cannot attend the tax prep appointment. Lucy has brought her drivers license, Leon's Indian tribal ID, and a copy of his W-2. She is expecting a refund and wants to get a Refund Transfer with direct deposit to pay for her fees. Does Lucy have sufficient documentation in order to complete the transaction? 

A.) Lucy and Leon have sufficient documentation to meet compliance requirements even without him being present. 

B.) The Tax Pro can let Lucy complete the e-Signature process on Leon's behalf so that the Refund Transfer can be processed in one visit. 

C.) The Tax Pro can sign on behalf of Leon because he's done the return for so long and knows the clients won't mind. 

D.) Lucy needs to have a power of attorney for Leon; or Leon needs to come into the office and sign the documents at another time before transmittal with appropriate ID.

 

The four critical pieces of information required for proper customer identity verification are:

A.) Name, date of birth, eye color, hair color

B.) Name, physical address, blood type, occupation

C.) Name, rank, serial number

D.) Name, physical address, date of birth, identification number

E.) None of the above

Answer rating: 100% (QA)

1 These documents are vouchers Cash Memos Bills Debit Notes Credit Notes VAT invoice... View the full answer