HR BLOCK Final Test Review (ITC 2024) Questions and Answers |100% Pass
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Course
H&R block income tax course
Institution
H&R Block Income Tax Course
HR BLOCK Final Test Review (ITC
2024) Questions and Answers |100% Pass
Which of the following is a requirement for 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 $2...
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. - Answer✔✔-Investigate and verify the
accuracy of information the taxpayer provides to show eligibility for EIC, AOTC, CTC/ODC/ACTC, and
HOH.
When a taxpayer receives Form 1099-R with 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. - Answer✔✔-Is never taxable.
What is the maximum amount of the American Opportunity Tax Credit a taxpayer could receive per
student?
$1,650
$1,800
$2,000
$2,500 - Answer✔✔-$2,500
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