Which of the following is a requirement for a taxpayer claiming the Child and Dependent Care...

  
 
 

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Which of the following is a requirement for a taxpayer claiming the Child and Dependent Care Credit? The care must have been provided in a dependent care center meeting all applicable state and local regulations. The care must have been provided for a qualifying child who was under age 13 at the end of the tax year. The childcare provider may not be an individual the taxpayer could claim as a dependent. The person receiving the care must not have any earned income. Choose the response that best describes a credit that is not claimed very often because the income limits are very low, and taxpayers who are eligible generally receive only a small amount. .... Adoption Credit. Child and Dependent Care Credit. The Foreign Tax Credit. Credit for the Elderly or Disabled. In 2019, John, a single parent, paid a qualified after-school program $750 so his dependent daughter, Marlene, could attend from January through May. Marlene turned 13 on June 1, 2019. John then paid the same organization $1,200 so Marlene could attend a summer day camp from June 1 through August 21. When John completes Form 2441, Child and Dependent Care Expenses, how much does he report for the amount paid, and how much does he report for qualified expenses? $1,950 for both the amount paid and as the amount of qualified expenses. $1,950 for the amount paid and $750 as the amount of qualified expenses. $750 for both the amount paid and as the amount of qualified expenses. John will not be able to claim the child care expenses because his daughter turned 13 during the year. Paid tax preparers must exercise due diligence when preparing returns for taxpayers claiming the American Opportunity Tax Credit (AOTC). Which of the following is NOT one of the due diligence requirements? 0 0 0 Complete Form 8867. Knowledge. Complete Form 8863. Retain records. Which of the following is a requirement for a taxpayer claiming the Child and Dependent Care Credit? The care must have been provided in a dependent care center meeting all applicable state and local regulations. The care must have been provided for a qualifying child who was under age 13 at the end of the tax year. The childcare provider may not be an individual the taxpayer could claim as a dependent. The person receiving the care must not have any earned income. Choose the response that best describes a credit that is not claimed very often because the income limits are very low, and taxpayers who are eligible generally receive only a small amount. .... Adoption Credit. Child and Dependent Care Credit. The Foreign Tax Credit. Credit for the Elderly or Disabled. In 2019, John, a single parent, paid a qualified after-school program $750 so his dependent daughter, Marlene, could attend from January through May. Marlene turned 13 on June 1, 2019. John then paid the same organization $1,200 so Marlene could attend a summer day camp from June 1 through August 21. When John completes Form 2441, Child and Dependent Care Expenses, how much does he report for the amount paid, and how much does he report for qualified expenses? $1,950 for both the amount paid and as the amount of qualified expenses. $1,950 for the amount paid and $750 as the amount of qualified expenses. $750 for both the amount paid and as the amount of qualified expenses. John will not be able to claim the child care expenses because his daughter turned 13 during the year. Paid tax preparers must exercise due diligence when preparing returns for taxpayers claiming the American Opportunity Tax Credit (AOTC). Which of the following is NOT one of the due diligence requirements? 0 0 0 Complete Form 8867. Knowledge. Complete Form 8863. Retain records.

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