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IRS Enrolled Agent study guide with complete solutions R199,58   Add to cart

Exam (elaborations)

IRS Enrolled Agent study guide with complete solutions

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  • Course
  • Enrolled Agent
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  • Enrolled Agent

IRS Enrolled Agent study guide

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  • September 26, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Enrolled Agent
  • Enrolled Agent
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IRS Enrolled Agent study guide

People iborn iin ithe iUS, iparents iare iin ithe iUS iand ialiens iwho ihave ibeen inaturalized
iare iwhat? i- iCorrect iAnswers i-US icitizens


Taxpayer icannot iqualify ias ia idependent iof ianother iperson, itaxpayer icannot ibe
imarried iunless iclaim ifor irefund iis ifiled iand idependent imust ibe ia iUS icitizen iare iall
irequirements ito iwhat? i- iCorrect iAnswers i-Claim ia idependent


Child imust ibe ispawn, isibling ior istep isibling, imust ibe iyounger ithan itaxpayer, icannot
iprovide imore ithan ihalf iof itheir iown isupport iand imust ilive iwith itaxpayer iare iall
irequirements iof iwhat? i- iCorrect iAnswers i-Qualifying ichild


Divorced ior iseparated iparents; inon-custodial iparent ican iclaim ichild iif icustodial iparent
iagrees. iWhat iform imust ibe ifiled iin iwriting? i- iCorrect iAnswers i-8332


The iprocess ia inon-citizen igoes ithrough ito ibecome ia icitizen i- iCorrect iAnswers i-
Naturalize

Cannot ibe ia iqualifying ichild, itaxpayer imust iprovide imore ithan ihalf iof ithe ipersons
isupport, ipersons iincome imust ibe iless ithan i$4,300 iand imust ilive iwith itaxpayer iall
iyear ito iqualify ias iwhat? i- iCorrect iAnswers i-Qualified irelative


Filing istatus idepends ion iwhat? i- iCorrect iAnswers i-Marital istatus

if ion ithe ilast iday iof ithe iyear ia iperson iis iunmarried ior ilegally iseparated iand idoes inot
iqualify ifor ianother istatus ithey iare? i- iCorrect iAnswers i-Single


Unmarried ion ithe ilast iday iof ithe iyear iand ipays imore ithan ihalf ithe icost iof ikeeping iup
ia ihome ithis iperson iis iwhat? i- iCorrect iAnswers i-Head iof ihousehold


Married iand iagree ito ifile ia ijoint ireturn iis iwhat? i- iCorrect iAnswers i-Married ifiling ijointly

Only iwants ito ibe iresponsible ifor itheir irespective itaxes ior iif iresults iin iless itax ithan
ifiling ijointly iis iwhat? i- iCorrect iAnswers i-Married ifiling iseparately

, If ispouse idies iduring ithe iyear iand ione iis ientitled ito ifile ijoint, icannot iremarry ibefore
iend iof itax iyear, iand ihas ia ichild ito iclaim ithis iis ia iwhat? i- iCorrect iAnswers i-Qualifying
iWindow


Salaries, iwages, itips, ischolarships iand igrants iare iall iexamples iof iwhat? i- iCorrect
iAnswers i-Earned iincome


Unemployment, iS.S., iand ipensions iare iall iexamples iof iwhat? i- iCorrect iAnswers i-
Unearned iincome

If isomeone iis iyounger ithan i65 iand iis inot iblind iwith iunearned iincome imore ithan
i$1,100 iand iearned iincome imore ithan i$12,400 ithey iare iwhat? i- iCorrect iAnswers i-Not
ia isingle idependent


If isomeone iis iolder ithan i65 iand iblind iwith iunearned iincome imore ithan i$2,750 iand
iearned iincome imore ithan i$14,050 ithey iare iwhat? i- iCorrect iAnswers i-Single
idependent


When ithis iexceeds istandard ideductions iwhat imust ibe ifiled iwith ia i1040? i- iCorrect
iAnswers i-Schedule iA iitemized ideductions


This iis iused ito ireport ithe isale ior iexchange iof icapital iassets i- iCorrect iAnswers i-
Schedule iD icapital igains iand ilosses

To ifigure iincome iby iaveraging ithe ilast i3 iyears iand iall ior ipart iof ithe icurrent iyear iis
iwhat? i- iCorrect iAnswers i-Schedule iJ ifarmers iand ifishermen


What iform iis iused ito ifigure iadditional itax? i- iCorrect iAnswers i-8812

What igives ithe iIRS imore iinformation iabout ia iqualifying ichild? i- iCorrect iAnswers i-EIC
iearned iincome icredit


Used ito ireport iadditional iincome isuch ias iunemployment, iaward imoney iand igambling
iwinnings. i- iCorrect iAnswers i-Schedule i1 iadditional iincome iand iadjustments


Reports iincome iand ideductions irelating ito iones ibusiness iis iwhat? i- iCorrect iAnswers i-
Schedule iC inet iprofit iand iloss

Reports iloss ior iincome ifrom irentals, iroyalties ipartnerships iand itrusts iis iwhat? i-
iCorrect iAnswers i-Schedule iE isupplemental iincome iand iloss


This ireports iprofit iand iloss ifrom iregular ifarming ioperations i- iCorrect iAnswers i-
Schedule iF iprofit iand iloss ifarming

Reports iother itaxes iowed, isuch ias iself iemployment, ihousehold iemployment itax iand
itax ion iIRA's i- iCorrect iAnswers i-Schedule i2 iadditional itaxes

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