Due Diligence check list for Tax Return Form 1065 Partnership LLC Firm

[Yeshwaant]

As a paid tax preparer and e-Filer, what safeguard I should take to complete and fulfil the IRS due diligence requirements in the preparation of tax return for partnership LLC Form 1065 and where can I find the due diligence form in the ProConnect tax software.

[TaxGuyBill]

For tax professionals, "due diligence" typically refers to qualifying for the Earned Income Credit, Child Tax Credit, Head of Household, and the American Opportunity Credit.  None of that applies to a 1065.

In a general sense, a tax preparer needs to exercise "due diligence" by examining the information that the client gives you to determine if it is reasonable and accurate.  You don't need to audit your clients to get proof of everything, but you need to determine if things are reasonable and make sense.  There is no IRS form for that.

[Accountant-Man]

There are no such tax forms, but you can google tax checklists.