H & R BLOCK STUDY QUESTIONS WITH GUARANTEED ACCURATE ANSWERS
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H & R Block S
Institution
H & R Block S
Which of the following dependent relatives does not have to live in the same household with the taxpayer at any time during the year to qualify the taxpayer for head of household status? Aunt,mother,brother, married child? - ACCURATE ANSWERS Mother
Ronald and Sue Dobbins, a married couple, were ...
H & R BLOCK STUDY QUESTIONS
WITH GUARANTEED ACCURATE
ANSWERS
Which of the following dependent relatives does not have to live in the
same household with the taxpayer at any time during the year to qualify
the taxpayer for head of household status? Aunt,mother,brother, married
child? - ACCURATE ANSWERS✔✔ Mother
Ronald and Sue Dobbins, a married couple, were both 61 years old when
Ronald died on January 1, 2017. Sue did not remarry. How many
personal exemptions may Sue claim when filing her joint 2017 return? -
ACCURATE ANSWERS✔✔ 2
Jennifer Searcy, a single mother, has three children, Sydney (7), Patrick
(11), and joanna (17). Jennifer's AGI is $62,000, and her tax liability is
$4,804. All three children are Jennifer's qualifying child dependents.
How much is Jennifer's Child Tax Credit? - ACCURATE
ANSWERS✔✔ 2000
Which of the following income items is not subject to income tax on the
federal return? Birthday gift,bank interset,ailmony,income from illegal
activty - ACCURATE ANSWERS✔✔ Birthday gift
Taxpayers who receive interest exceeding $1,500 must file: -
ACCURATE ANSWERS✔✔ Schedule B
, The taxpayer must file Form 1040 to claim which of the following
deductions? - ACCURATE ANSWERS✔✔ Schedule A
Taxpayers whose only capital gain income is normal capital gain
distributions from mutual funds generally compute their tax using: -
ACCURATE ANSWERS✔✔ The Qual Div and Cap gain Tax
Worksheet
Failure to the meet the 2017 due diligence requirements for EITC,
AOTC, and CTC/ACTC claimed on one return could result in which of
the following? - ACCURATE ANSWERS✔✔ Maximum penalty of
$1,530, per return, assessed towards the paid tax preparer.
All of the following are due diligence requirements a Tax Professional
must meet for EITC, AOTC, and CTC/ACTC EXCEPT: - ACCURATE
ANSWERS✔✔ Investigate and verify the accuracy of information the
taxpayer provides to show eligibility for EITC, AOTC, and/or
CTC/ACTC.
Which of the following is NOT TRUE about the due diligence
requirements? The Tax Professional must _ - ACCURATE
ANSWERS✔✔ (NOT TRUE)Always obtain documentation to prove
the relationship and residency of a qualifying child before completing a
claim for the EITC, CTC/ACTC, or AOTC.
A Tax Professional should ask additional questions whenever the
taxpayer's information seems: - ACCURATE ANSWERS✔✔ Incorrect,
inconsistent, or incomplete.
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