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HR BLOCK Final Test Review (ITC 2022) 100 QUESTIONS WITH SOLVED SOLUTIONS ALREADY
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HR BLOCK Final Test Review (ITC 2022) 100 QUESTIONS WITH SOLVED SOLUTIONS ALREADY
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10/10/24, 8:03 PMHR BLOCK Final Test Review (ITC 2022)
Jeremiah
Terms in this set (112)
Which of the following is a requirement for Have a valid social security number.
all taxpayers who want to claim the EIC?
Live in the U.S. for more than half a year.
Have a valid social security number.
Have a qualifying child dependent.
Have AGI less than $21,430 ($27,380 MFJ).
A combined due diligence penalty of EIC, AOTC, CTC/ODC/ACTC, and head of household.
$2,180 would indicate a penalty for which
of the following?
EIC, CTC/ODC/ACTC, and head of
household.
EIC, AOTC, and CTC/ODC/ACTC.
EIC, AOTC, CTC/ODC/ACTC, and head of
household.
EIC, PTC, CTC/ODC/ACTC, and head of
household.
When dependent care benefits are Box 10 of Form W-2.
withheld from a taxpayer's income, where
are they reported by the employer?
Form 2441.
Form 1040.
Box 10 of Form W-2.
The employer is not required to report
them.
HR BLOCK Final Test Review (ITC 2022)
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, 10/10/24, 8:03 PM
All of the following are due diligence Investigate and verify the accuracy of information the taxpayer provides to show
requirements a tax preparer must meet for eligibility for EIC, AOTC, CTC/ODC/ACTC, and HOH.
EIC, AOTC, CTC/ODC/ACTC, and HOH,
EXCEPT:
Investigate and verify the accuracy of
information the taxpayer provides to show
eligibility for EIC, AOTC, CTC/ODC/ACTC,
and HOH.
Complete all worksheets used to compute
the credits. If the worksheet is completed
by hand, keep a copy in the taxpayer's
client file.
Maintain a copy of documents provided by
the taxpayer that the tax preparer relied on
when determining credit eligibility. Then
record the date the information was
obtained and the name of who provided
the information.
When information provided by the
taxpayer appears to be incorrect,
inconsistent, or incomplete, the tax
preparer must make additional inquiries to
determine if the taxpayer is eligible for the
benefit. Then document both the questions
asked and responses provided.
When a taxpayer receives Form 1099-R with Is never taxable.
no amount entered in box 2a and code 7
entered in box 7, the entire distribution:
Could be partly or entirely taxable.
Is never taxable.
Is an early distribution and taxable.
Has been rolled into a traditional IRA or
into another qualified plan.
What is the maximum amount of the $2,500
American Opportunity Tax Credit a
taxpayer could receive per student?
$1,650
$1,800
$2,000
$2,500
Which test for a qualifying child does NOT Support.
need to be met in order for the child to be
a qualifying person for purposes of Earned
Income Credit (EIC)?
Age.
Relationship.
Residency.
Support.
HR BLOCK Final Test Review (ITC 2022)
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