Sworn Statement Residency

Sworn Statement of Residency Form

The Sworn Statement of Residency Form is a critical tool for tax professionals to verify a client’s residency status. This document provides a formal declaration from the client, under penalty of perjury, confirming their legal residence. It is essential for meeting due diligence requirements and ensuring accuracy in tax filings, particularly when residency impacts tax credits, deductions, or filing status.

Why Should This Form Be Added to Your Tax Office?

1. Compliance & Legal Protection: This form helps tax offices comply with IRS due diligence standards by ensuring clients formally declare their residency, reducing the risk of audits or penalties.
2. Accuracy in Filing: Residency can affect eligibility for state taxes, tax credits, or specific deductions. This form provides an extra layer of verification to ensure filings are accurate.
3. Proof for Tax Credits & Deductions: Many tax credits and deductions are contingent on the client’s place of residence. Having this form on file helps protect your office in case of an IRS inquiry.
4. Client Trust & Professionalism: Offering this form demonstrates that your tax office is thorough and professional, giving your clients peace of mind knowing that their returns are being handled with care and accuracy.

Make this form a standard part of your intake process to safeguard your office from potential discrepancies and enhance your due diligence efforts. Protect your practice and clients by ensuring proper documentation with every return.

Available for immediate download!