Enrolled Agent - Tax Forms (Gleim Prep Course) Exam Questions and Answers
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Course
EA - Enrolled Agent
Institution
EA - Enrolled Agent
1040NR - Answer-Non-Resident Alien Tax Return
- If wages are subject to withholding - due 15th day of 4th month after tax year ends
- If not subject to wage withholding - due 15th day of 6th month after close of tax year (unless extended)
1040X - Answer-amended return to change from one deduct...
Enrolled Agent - Tax Forms (Gleim Prep
Course) Exam Questions and Answers
1040NR - Answer-Non-Resident Alien Tax Return
- If wages are subject to withholding - due 15th day of 4th month after tax year ends
- If not subject to wage withholding - due 15th day of 6th month after close of tax year
(unless extended)
1040X - Answer-amended return to change from one deduction method to the other -
standard & itemized
2120 - Answer-Multiple support agreement:
One person of a group that together provides more than 50% of the support of an
individual may, pursuant to agreement, be allowed the dependency exemption amount.
1. The person must be otherwise eligible to claim the dependency exemption and must
provide more than 10% of the support.
2. No other person may provide more than 50% support.
3. Each other person in the group who provide more than 10% of support must sign a
written consent filed with return of one who claims exemption.
3520 - Answer-used by U.S. persons and executors of estate of U.S. decedents to
report certain transactions with foreign trusts under the rules of Secs. 671-679, and
receipts of certain large gifts or bequests from certain foreign persons
5471 - Answer-- used by certain U.S. citizens and residents who are officers, directors
or shareholders in certain foreign corporations
- used to satisfy the reporting requirements of Secs. 6038 and 6046 and the related
regulations
8938 - Answer-- used to report specified foreign financial assets with an aggregate
value greater than $50,000 at last day of tax year or more than $75,000 at any time
during tax year (double for married filing joint return)
- filed with an individual's annual income tax return
FinCEN Report 114 - Answer-- report of Foreign Bank and Financial Accounts
- commonly referred to as FBAR
- used to report ownership interest in, or signatory authority or other authority over
financial accounts with aggregate value in excess of $10,000 on any day of tax year
- due April 15th of subsequent year
1040 - Answer-- use if you are liable for income tax
- due 15th day of 4th month after end of tax year
- use with Schedule C or C-EZ
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