Form 1099 g - Study guides, Class notes & Summaries

H&R Block Mid Term Review Exam | Questions & 100% Correct Answers H&R Block Mid Term Review Exam | Questions & 100% Correct Answers What is the standard deduction for a taxpayer filing single? - ANSWER - $6200 What is the standard deduction for a taxpayer filing married filing joint? - ANSWER - $12400 What is the standard deduction for a taxpayer filing married filing separate? - ANSWER - $6200 What is the standard deduction for a taxpayer filing qualifying widow? - ANSWER - $9100 ...

Qualifying Child Test - correct answer -1. Relationship Test 2. Age Test 3. Residence Test 4. Support Test W-2G - correct answer -Certain Gambling Winnings Form 1099-B - - correct answer -Proceeds from Broker and Barter Exchange Transactions Form 1099-C - - correct answer -Cancellation of Debt Form 1099-DIV - - correct answer -Dividends and Distributions Form 1099-G - - correct answer -Certain Government Payments Form 1099-INT - correct answer -Interest Income Form 1099-M...

What is the standard deduction for a taxpayer filing single? $6200 What is the standard deduction for a taxpayer filing married filing joint? $12400 What is the standard deduction for a taxpayer filing married filing separate? $6200 What is the standard deduction for a taxpayer filing qualifying widow? $9100 What is the standard deduction for a taxpayer filing head of household? $9100 What does Form 1099-G provide? Certain government payments such as unemployment. What is a standard deduct...

Qualifying Child Test - Answer-1. Relationship Test 2. Age Test 3. Residence Test 4. Support Test W-2G - Answer-Certain Gambling Winnings Form 1099-B - - Answer-Proceeds from Broker and Barter Exchange Transactions Form 1099-C - - Answer-Cancellation of Debt Form 1099-DIV - - Answer-Dividends and Distributions Form 1099-G - - Answer-Certain Government Payments Form 1099-INT - Answer-Interest Income Form 1099-MISC - - Answer-Miscellaneous Income Rents, Prize awards, Cro...

What income reporting form should an independent contractor sometimes receive from the person who paid him for his services? : Form 1099-MISC (15.6) Schedule C, Line F asks for the accounting method used in the business. What is the difference between the cash method and the accrual method of accounting? : • Under the accrual method, total sales and total charges for services are included in income even though payment may be received in another tax year. • Under the cash method, onl...

A taxpayer should include which of the following when figuring their federal gross income? : Gifts and inheritances. Life insurance payments, if paid by reason of the death of the insured. Meals and lodging provided for the convenience of the employer Prizes and awards. To avoid the risk of penalties, tax preparers must abide by rules regarding preparer tax identification numbers (PTINs). Which of the following statements is TRUE regarding PTINs? : A)A PTIN is required semi-annually ...

Form W9 Request for ITIN (individual taxpayer identification number) Form 4506 Request fro transcript of tax return (copy) Form 1040ES Estimated tax for individuals Form 8822 Change of address Form 4868 Application for automatic extension (6 months) Form 2848 Power of Attorney Form 1099-B Proceeds from broker and barter exchange transactions Form 1099-C Cancellation of Debt Form 1099-DIV Dividends and distributions Form 1099...

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 $21,430 ($27,380 MFJ). : Have a valid social security number. A combined due diligence penalty of $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 hou...

What is the standard deduction for a taxpayer filing single? : $6200 What is the standard deduction for a taxpayer filing married filing joint? : $12400 What is the standard deduction for a taxpayer filing married filing separate? : $6200 What is the standard deduction for a taxpayer filing qualifying widow? : $9100 What is the standard deduction for a taxpayer filing head of household? : $9100 What does Form 1099-G provide? : Certain government payments such as unemployment. 2 | P a...

CPP Practice Exam 208 Questions with Verified Answers From what taxes are cafeteria plan contributions generally exempt? A. SS, Medi, FIT, and FUTA B. FIT and SIT C. SS, Medi, FUTA, and SUI D. SS, Medi, FIT, and SIT - CORRECT ANSWER A. Social Security, Medicare, FIT, and FUTA Reference 4.5 Cafeteria Plans In which boxes on the W-2 would you report the adoption assistance? A. Boxes 3, 4, 5, 6 B. Boxes 1, 2, 3, 4, 5, 6, 12 - Code T C. Boxes 3, 4, 5, 6, 12 - Code A D. Boxes 3...