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Enrolled agent tax questions and answers (graded a)
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Enrolled agent tax questions and answers
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Enrolled agent tax questions andanswers
When ipreparing ia icurrent-year itax ireturn, iwhich iof ithe ifollowing ibenefits iare iderived
ifrom ithe iuse iof ithe iprevious iyear's ireturn i- iCorrect iAnswers i-prevents igross
imathematical ierrors, iidentifies isignificant ichanges, iincreases iefficiency
Which iof ithe ifollowing iis ia irequirement ithat imust ibe imet iin idetermining iwhether ia
itaxpayer iis iconsidered iunmarried ifor ihead iof ihousehold ifiling-status ipurposes? i-
iCorrect iAnswers i-An iindividual's ihome imust ibe, ifor iat ileast i6 imonths, ithe imain ihome
iof ihis ichild, istepchild, ior iqualified ifoster ichild iwhom ihe ior ithe inoncustodial iparent ican
iproperly iclaim ias ia idepedent.
Ms. iMaple, ia isingle iwoman iage i65, iretired iin i2020. iPrior ito iher iretirement, ishe
ireceived ia i$6,000 ibonus iplus i$5,050 iin iwages. iAfter iher iretirement, ishe ireceived
i$9,000 iin isocial isecurity ibenefits. iWhich iof ithe ifollowing iis itrue? i- iCorrect iAnswers i-
Ms. iMaple idoes inot ihave ito ifile ia i2020 iincome itax ireturn. i
In igeneral, ia itaxpayer idoes inot ihave ito ifile ia ireturn iif ihis ior iher igross iincome iis iless
ithan itheir istandard ideduction.
Which iof ithe ifollowing iis itrue iregarding ithe ifiling iof iform i4868, iapplication ifor
iautomatic iextension iof itime ito ifile ius iindividual iincome itax ireturn i- iCorrect iAnswers i-
Interest iis icharged ion itax inot ipaid iby ithe idue idate iof ithe ireturn ieven iif ian iextension
iis iobtained.
Depedency i- iCorrect iAnswers i-To iqualify ifor idependency, ithe itaxpayer imust iprovide
iover i50% iof ithe isupport iof ia iU.S. icitizen iwho imeets icertain irelationship itests istated
iin iSec. i152
If ia inonresident ialien ireceives iincome ithat iis ieffectively iconnected iwith iU.S. itrade ior
ibusiness, iwhich iitemized ideductions imay ibe itaken? i- iCorrect iAnswers i-Casualty iand
itheft ilosses ifrom ia ifederally ideclared idisaster. i
Nonresident ialiens ican ideduct icertain iitemized ideductions iif iincome iis ireceived ithat iis
ieffectively iconnected iwith iU.S. itrade ior ibusiness. iThese ideductions iinclude istate iand
ilocal iincome itaxes, icharitable icontributions ito iU.S. iorganizations, icasualty iand itheft
ilosses, iand imiscellaneous ideductions.
Are ientertainment iexpenses ideductible? i- iCorrect iAnswers i-Entertainment iexpenses
iare inot ideductible?
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