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    Does Lacerte have a Due Diligence WorkSheet for CTC/ACTC/ODC?

    ebalke
    Level 1
    ‎12-07-2019 11:22 AM
     
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    George4Tacks
    Level 15
    ‎12-07-2019 11:22 AM

    Lacerte does produce 8867, based upon preparer input. 

    https://www.irs.gov/pub/irs-pdf/f8867.pdf


    Here's wishing you many Happy Returns

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    5 Comments 5
    George4Tacks
    Level 15
    ‎12-07-2019 11:22 AM

    Lacerte does produce 8867, based upon preparer input. 

    https://www.irs.gov/pub/irs-pdf/f8867.pdf


    Here's wishing you many Happy Returns
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    ebalke
    Level 1
    ‎12-07-2019 11:22 AM
    Thank you. I can get the 8867 to show up, I was looking for worksheets to support the questions that need to be asked to ascertain eligibility. Pro Series keeps showing up as having good worksheets, but nothing for Lacerte. Is there such a thing?
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    George4Tacks
    Level 15
    ‎12-07-2019 11:22 AM
    The input for te 8867 is the Lacerte equivalent for the worksheet. Lacerte creates worksheets, but really does not have a worksheet entry system

    Here's wishing you many Happy Returns
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    George4Tacks
    Level 15
    ‎12-07-2019 11:22 AM

    From form 8867, select a column, select a box, RIGHT CLICK and select "Jump to Input". From that input, the form is created. That is the closest Lacerte has to a worksheet. 

    I also often refer to my Tax Tools. They have workful flowcharts created by answering YES/NO questions. https://www.taxtools.com/products_tt.aspx (AND MANY OTHER VERY USEFUL TOOLS)


    Here's wishing you many Happy Returns
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    itonewbie
    Level 15
    ‎12-07-2019 11:22 AM

    Those are fact-based tests.  No checklist is going to replace the qualitative documentation you are required to maintain on file for record retention and to substantiate these claims in case of audit.

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    Still an AllStar
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