Tax preparer Study guides, Class notes & Summaries

Tax Preparer Final Exam Review reupdated exam fall 2023-2024

Taxable income are: Jury duty pay, wages, unemployment compensation If you file married filling jointly you can claim you spouse as your dependent? No, your spouse is not a dependent you are filling together What is adjusted gross income? Your taxable income before deduction For purpose of the earned income credit, a qualifying child is a child who... Meets the relationship test. A tax-payer should itemize deductions if the tax-payer's total itemized deductions are... More than the ta...

Tax Preparer Ethics Final With Complete Solutions And Correct Answers Latest Version

VOLUNTEER STANDARDS OF CONDUCT TEST QUESTIONS 1. Prior to working at a VITA/TCE site, ALL VITA/TCE volunteers (greeters, client facilitators, tax preparers, quality reviewers, etc.) must: CORRECT ANSWER a. Annually pass the Volunteer Standards of Conduct (VSC) certification test with a score of 80% or higher. b. Sign and date the Form 13615, Volunteer Standards of Conduct Agreement, agreeing to comply with the VSC by upholding the highest ethical standards. c. Pass the Advanced tax law ce...

Test Bank for South-Western Federal Taxation 2024 Corporations, Partnerships, Estates and Trusts, 47th Edition by William A. Raabe, James C. Young, James C. Young, William H. Hoffman, Jr., Sharon Lassar, Mark Persellin, Andrew D. Cuccia Edition: 47th Year: 2024 ISBN-10: 0357900677 ISBN-13: 9780357900673

VITA Certification Exam Actual Questions and Answers with complete solution Which of the following is a violation of the Volunteer Standards of Conduct? a . Knowingly preparing a false tax return b . Having a donation/tip jar in the taxpayer waiting area at the site c . Using taxpayer's personal information to ask for a date d. All of the above Ans- d. All of the above Which volunteers must take Volunteer Standards of Conduct training and test? a . Site Coordinators/Local Coordinato...

VITA Certification QUESTION AND ANSWER 2023/2024 Which of the following is a violation of the Volunteer Standards of Conduct? a . Knowingly preparing a false tax return b . Having a donation/tip jar in the taxpayer waiting area at the site c . Using taxpayer's personal information to ask for a date d. All of the above - ANSWER d. All of the above Which volunteers must take Volunteer Standards of Conduct training and test? a . Site Co...

A tax returner or claim for refund requiring a paid tax return preparer to determine eligibility for EITC, CTC/ODC/ ACTC, AOTC, and the head of household filling status may be subject to a maximum penalty, totaling what amount for failure to meet due diligence requirements if all four are claimed on a single tax return? a,$2,120 the deduction for state and local income taxes is limited to what amount? a. $10,000 ($5,000 if MFS). A married couple who materially participate in the operation ...

VITA Certification Test Questions With Answers Latest Updated 2024/2025 (VERIFIED) Which volunteers must take Volunteer Standards of Conduct training and test? a . Site Coordinators/Local Coordinators b. Quality Reviewers and tax return preparers c . Greeters d. All VITA/TCE volunteers - d. All of the above If a volunteer violates the Volunteer Standards of Conduct, what are the possible consequences? a . Removal from the VITA/TCE programs b . Criminal investigation c . Elimination of VI...

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 for ...