Enrolled agent exam Study guides, Class notes & Summaries

Enrolled Agent Exam Part 1

True or false: Foreign income you earned from wages or self-employment or any source from anywhere in the world is taxable for American citizens and most residents with certain exceptions Answer True First exception for excluding foreign income Answer An American residing outside the U.S. for most of the year can exclude $104,800 (2018; adjusted annually for inflation) on your income taxes These are the two caveats of being Able to exclude foreign income as an American living outside the U...

Enrolled Agent Exam Part 1 with 100% correct answers

Enrolled Agent Exam

Enrolled Agent Exam Part 3 -2023...

Enrolled Agent Exam 2024!!

What information does a preparer need to maintain for each return done? - A preparer must maintain the taxpayer's name, tax ID number, taxable year of the taxpayer, name of the preparer, and the type of return or claim for refund prepared. Can you prepare tax returns when you are suspended from Practice before the IRS? - Yes because preparing tax returns is not considered "practice before the IRS." What are you required to do every year in order to participate in the Annual Filing Season...

Enrolled Agent Exam Part 3 | 75 Questions with 100% Correct Answers | Updated & Verified What information does a preparer need to maintain for each return done? - A preparer must maintain the taxpayer's name, tax ID number, taxable year of the taxpayer, name of the preparer, and the type of return or claim for refund prepared. Can you prepare tax returns when you are suspended from Practice before the IRS? - Yes because preparing tax returns is not considered "practice before the IRS." Wha...

Enrolled Agent Test 2023 Share Form C-EZ is not required if business expenses are less than... - ANSWER 5000 Form SE - ANSWER 400 net profit Mileage reimbursement - ANSWER 53.5 cents Foreign Earned Income Exclusion (FEIE) - ANSWER Up to 102,100 (2017) or 104,200 (2018) if us citizen earned income while residing in foreign country (not territories) Depreciation of assets - ANSWER 27.5 years, 5 for appliances Limit to pay taxes on SS benefits (single) - ANSWER 25000 Professional real es...

AHIP 2024 FINAL EXAM/ 50+ QUESTIONS AND ANSWERS ALL CORRECT/ 2023/2024. AHIP 2024 final exam 1. Mrs. Park is an elderly retiree. Mrs. Park has a low fixed income. What could you tell Mrs. Park that might be of assistance?: She should contact her state Medicaid agency to see if she qualifies forprograms that can help with Medicare costs for which she is responsible. 2. Madeline Martinez was widowed several years ago. Her husband worked for many years and contributed into the Medicare sy...