Form 8863 - Study guides, Class notes & Summaries

VITA TEST QUESTIONS AND SOLUTIONS 1. Rebecca's most beneficial allowable filing status is Head of Household. 2. Rebecca has $_______ in qualifying child care expenses for the child and dependent care credit.. 3. Pat and Terri are only eligible to claim the child tax credit on their 2020 tax return. 4. The taxable amount of Pat's unemployment compensation is $_________? 5. Medicaid waiver payments can be considered earned income for the computation of the earned income credit. 6. A...

H&R Block Income Tax Course QUESTIONS AND ANSWERS ALL VERIFIED H&R Block Income Tax Course Circular 230 - ANS Regulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. Disclosure - ANS The release of tax information by an IRS employee. Due Diligence - ANS Requirements that tax professionals must follow when preparing income tax returns. Noncompliance - ANS Failure or refusal to co...

1 H&R BLOCK INCOME TAX COURSE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Circular 230 Correct Answer: Regulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. Disclosure Correct Answer: The release of tax information by an IRS employee. Due Diligence Correct Answer: Requirements that tax professionals must follow when preparing income tax returns. Noncompliance Corr...

Chapter 5: Earned Income Credit Chapter Description Upon completion of this chapter, students will have a working knowledge of the Earned Income Credit. Students will be able to identify earned income as it relates to the earned income credit. An understanding of the requirements for qualifying children and how taxpayers may qualify for this credit without having a qualifying child will be obtained. Students will become adept at completing Schedule EIC and able to transfer the information o...