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Level 2
December 7, 2019
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Does Lacerte have a Due Diligence WorkSheet for CTC/ACTC/ODC?

  • December 7, 2019
  • 3 replies
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Best answer by George4Tacks

Lacerte does produce 8867, based upon preparer input. 

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

3 replies

George4Tacks
Level 15
December 7, 2019

Lacerte does produce 8867, based upon preparer input. 

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

Answers are easy. Questions are hard!
ebalkeAuthor
Level 2
December 7, 2019
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?
George4Tacks
Level 15
December 7, 2019

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)

Answers are easy. Questions are hard!
itonewbie
Level 15
December 7, 2019

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.

---------------------------------------------------------------------------------Still an AllStar