In General, Contracts Are Invalid If They Are Not in Writing

question 33

True/False

In general, contracts are invalid if they are not in writing or signed.

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Definitions:

Lifetime Learning Credit

A tax credit available to students to offset the costs of tuition, fees, and other education expenses at eligible educational institutions.

Child And Dependent Care Expenses Credit

A tax credit available to taxpayers who pay for childcare or dependent care while they work or look for work.

Dependent Children

Children who are financially supported by a parent or guardian and meet specific criteria, qualifying the parent to receive tax benefits; a reiteration with emphasis on the criteria aspect.

Qualified Day Care Center

A child care facility that meets specific criteria set by the IRS to be eligible for certain tax benefits.