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Citing Colangelo, Davenport warns, "Don't just quote FinPlan. You need to lay a foundation for the report." She says that in the cases over which she presides, she prefers to see any report presented to her accompanied by a memorandum that sets forth what assumptions and data were used to generate the report.
Dennis Casty, CPA, CFP, of FinPlan Co., Park Ridge, Illinois, notes that "accurate computation of the child tax credit is complicated, especially for low income individuals."
Source: FinPlan Co., 2333 North Geneva Terrace, Suite 5A, Chicago, Illinois 60614, (800) 777-2108.