Ask Question
26 June, 16:16

Under what circumstances may a tax preparer who prepares federal tax returns endorse or otherwise negotiate a taxpayer's federal tax refund check?

a) A tax preparer may cash a federal tax refund check if the taxpayer endorses the check and grants power of attorney on form 2848.

b) no circumstances exist that allow a tax preparer to endorse or otherwise negotiate a taxpayer's federal ta refund check.

c) A tax preparer may endorse and cash a federal tax refund check if the amount of the check is less than $ 100 and the taxpayer has no bank account.

d) a tax preparer who is authorized to represent taxpayers, may endorse and cash a federal tax refund check for the taxpayer.

+2
Answers (1)
  1. 26 June, 18:33
    0
    The correct answer is letter "B": no circumstances exist that allow a tax preparer to endorse or otherwise negotiate a taxpayer's federal tax refund check.

    Explanation:

    Tax refund checks are not endorsable under any circumstance. Taxpayers can provide a Power of Attorney to other individuals or third parties so they can receive the taxpayer's confidential information but not even with a Power of Attorney the individual can endorse a tax refund check.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Under what circumstances may a tax preparer who prepares federal tax returns endorse or otherwise negotiate a taxpayer's federal tax refund ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers