Enrolled Agent Part 1 Individuals UNIT 1 Exam Questions and Answers
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Course
EA - Enrolled Agent
Institution
EA - Enrolled Agent
When filing a tax return, it is important to utilize the clients ___________. - Answer-Prior year returns
What biographical information must you collect from your cient? - Answer-Legal name, DOB, Marital Status, Residency/Citizenship, Dependent Information SSN/Taxpayer's identification informati...
Enrolled Agent Part 1 Individuals UNIT 1
Exam Questions and Answers
When filing a tax return, it is important to utilize the clients ___________. - Answer-Prior
year returns
What biographical information must you collect from your cient? - Answer-Legal name,
DOB, Marital Status, Residency/Citizenship, Dependent Information SSN/Taxpayer's
identification information/ATIN
What is an "ATIN" - Answer-Adoption Taxpayer Identification Number
What does "ITIN" stand for? - Answer-Individual Taxpayer Identification Number -->
meant for those taxpayers who cannot obtain an SSN in order to file a U.S. Tax Return.
ITIN's are for federal tax reporting ONLY and not intended to serve any other purpose.
Who generally has an "ITIN"? - Answer-Nonresident Aliens with a U.S. tax liability (U.S.
Soldier marries a foreign spouse and wishes to file jointly)
Which form is used to apply for an ATIN request? - Answer-FORM W-7A (Application
for Taxpayer Identification Number for Pending U.S. Adoptions)
How would a non-resident report U.S. income? - Answer-Apply for an ITIN using a W-7
and report income using a 1040-NR
What form is required to apply for an "ITIN" - Answer-Form W-7 and must provide
documentation that proves their foreign status and verifies their identity.
What are the 3 ways to apply for an ITIN? - Answer--Form W-7
-Using an IRS-authorized Certified Acceptance Agent (CAA)
-In-person at a designated IRS Taxpayer Assistance Center
Can ITIN's expire? - Answer-YES, they must be renewed!
What is a CAA? - Answer-Certified Acceptance Agent --> an individual or organization
that is authorized by the IRS to assist alien individuals and with obtaining ITIN's.
For an adopted child who does not have an SSN, a taxpayer may request an ATIN if: -
Answer-- the child is placed in the taxpayer's home for legal adoption.
-The adoption is a domestic adoption, or the adoption is a foreign legal adoption, and
the child has a permanent resident alien card or certificate or citizenship.
-The taxpayer cannot obtain the child's existing SSN, even though they made a
reasonable attempt to obtain it form the birth parents, the placement agency, and other
persons.
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