IRS Enrolled Agent Exam Study Guide Questions and Answers
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EA - Enrolled Agent
Institution
EA - Enrolled Agent
People born in the US, parents are in the US and aliens who have been naturalized are what? - Answer-US citizens
Taxpayer cannot qualify as a dependent of another person, taxpayer cannot be married unless claim for refund is filed and dependent must be a US citizen are all requirements to what? ...
IRS Enrolled Agent Exam Study Guide
Questions and Answers
People born in the US, parents are in the US and aliens who have been naturalized are
what? - Answer-US citizens
Taxpayer cannot qualify as a dependent of another person, taxpayer cannot be married
unless claim for refund is filed and dependent must be a US citizen are all requirements
to what? - Answer-Claim a dependent
Child must be spawn, sibling or step sibling, must be younger than taxpayer, cannot
provide more than half of their own support and must live with taxpayer are all
requirements of what? - Answer-Qualifying child
Divorced or separated parents; non-custodial parent can claim child if custodial parent
agrees. What form must be filed in writing? - Answer-8332
The process a non-citizen goes through to become a citizen - Answer-Naturalize
Cannot be a qualifying child, taxpayer must provide more than half of the persons
support, persons income must be less than $4,300 and must live with taxpayer all year
to qualify as what? - Answer-Qualified relative
Filing status depends on what? - Answer-Marital status
if on the last day of the year a person is unmarried or legally separated and does not
qualify for another status they are? - Answer-Single
Unmarried on the last day of the year and pays more than half the cost of keeping up a
home this person is what? - Answer-Head of household
Married and agree to file a joint return is what? - Answer-Married filing jointly
Only wants to be responsible for their respective taxes or if results in less tax than filing
jointly is what? - Answer-Married filing separately
If spouse dies during the year and one is entitled to file joint, cannot remarry before end
of tax year, and has a child to claim this is a what? - Answer-Qualifying Window
Salaries, wages, tips, scholarships and grants are all examples of what? - Answer-
Earned income
Unemployment, S.S., and pensions are all examples of what? - Answer-Unearned
income
, If someone is younger than 65 and is not blind with unearned income more than $1,100
and earned income more than $12,400 they are what? - Answer-Not a single dependent
If someone is older than 65 and blind with unearned income more than $2,750 and
earned income more than $14,050 they are what? - Answer-Single dependent
When this exceeds standard deductions what must be filed with a 1040? - Answer-
Schedule A itemized deductions
This is used to report the sale or exchange of capital assets - Answer-Schedule D
capital gains and losses
To figure income by averaging the last 3 years and all or part of the current year is
what? - Answer-Schedule J farmers and fishermen
What form is used to figure additional tax? - Answer-8812
What gives the IRS more information about a qualifying child? - Answer-EIC earned
income credit
Used to report additional income such as unemployment, award money and gambling
winnings. - Answer-Schedule 1 additional income and adjustments
Reports income and deductions relating to ones business is what? - Answer-Schedule
C net profit and loss
Reports loss or income from rentals, royalties partnerships and trusts is what? -
Answer-Schedule E supplemental income and loss
This reports profit and loss from regular farming operations - Answer-Schedule F profit
and loss farming
Reports other taxes owed, such as self employment, household employment tax and
tax on IRA's - Answer-Schedule 2 additional taxes
This form figures tax due on net earnings - Answer-Schedule SE self employment
Reports employment taxes held for house hold employees if taxpayer paid cash wages
of $2,200 or more is what form? - Answer-Schedule H household employment
Form used to claim any credits that were not claimed on 1040? - Answer-Schedule 3
additional credit and payments
Childcare providors - Answer-Must be included in gross income
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