Question: Tax preparers must exercise due diligence with returns containing a Schedule C because it can place a taxpayer's income in a range to affect which

Tax preparers must exercise due diligence with returns containing a Schedule C because it can place a taxpayer's income in a range to affect which of the following?

The Earned Income Tax Credit and other child-related tax credits.

The deductibility of sales tax.

Unadjusted basis of assets immediately after acquisition.

Basis for depreciation of business assets.

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