Form 1040 - Study guides, Class notes & Summaries
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HR BLOCK Final Test Review (ITC 2022) Questions & 100% Verified Answers | Latest Update | Already Graded A+
- Exam (elaborations) • 33 pages • 2024
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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...
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H&R BLOCK Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test
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Where should unemployment compensation be reported on Form 1040? 
Schedule 1, line 7 
What form is used to report long-term disability benefits to the taxpayer? 
1099-R 
Which of the following nondependent taxpayers is NOT eligible to claim the student 
loan interest deduction? 
A taxpayer filing married filing separately 
Which qualifying child requirement does Morris fail? Morris, the potential dependent, is a single 
20-year-old man. He is a full-time student at the local university. He lives...
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HR BLOCK Final Test (ITC 2024) EXAM (QUESTIONS WITH 100% CORRECT ANSWERS ) (2024 / 2025) (Verified by Experts)
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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). - ANSWER 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 ...
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HR BLOCK Final Test Review (ITC 2022)
- Exam (elaborations) • 16 pages • 2024
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HR BLOCK Final Test Review (ITC 2022) 
 
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). - ANS 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...
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H&R Block Final Review Questions With Complete Solutions
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What is the difference between earned income and unearned income? correct answer: Earned income is received for services performed. Some examples of earned income include wages, commissions, tips, farming, and other business income. 
Unearned income is taxable income that does not meet the definition of earned income. Examples of unearned income include interest income, dividends, rents and royalties, pensions, alimony, and unemployment income. 
 
If an employee thinks their Form W-2 is incorre...
Too much month left at the end of the money?
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IRS SEE PART 3 TEST EXAM WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
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Under Treasury Circular 230, which of the following actions of a CPA tax advisor is characteristic of a best practice in rendering tax advice? 
 
A.Requesting written evidence from a client that the fee proposal for tax advice has been approved by the board of directors. 
B.Establishing relevant facts, evaluating the reasonableness of assumptions and representations, and arriving at a conclusion supported by the law and facts in a tax memorandum. 
C.Requiring the client to supply a written repre...
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HRB FINAL EXAM QUESTIONS AND ANSWERS
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HRB FINAL EXAM QUESTIONS AND ANSWERS 
 
 
 
What is the Difference between earned income and unearned income? - ANS Earned income is received for services performed. Examples are wages commissions, tips and generally farming and other business income . Taxable income other than that received for services performed. Unearned Income includes money received ro the investment of money or other property, such as interest, dividends, and royalties. It also includes pensions alimony, unemployment c...
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H&R Block Specialist Test Questions & Revised Correct Answers
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H&R Block Specialist Test 
Questions & Revised Correct 
Answers 
1. Sam pays his 19 yr. old son, Joshua, $550/month to maintain 
the lawn & garden at the family residence. Sam is subject to what 
household employment tax rules for Joshua? - ANSWER : A. 
Since Joshua is not performing any child case services, the 
household tax rules do not apply. 
B. Since Joshua is the taxpayer's child under age 21, the 
household employment tax rules do not apply. 
C. Since no evidence is given that Jos...
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HRB 1-6 Quiz | 100% Correct Answers | Verified | Latest 2024 Version
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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 ...
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ENROLLED AGENT 2024 EXAM PART 1 WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
- Exam (elaborations) • 32 pages • 2024
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ENROLLED AGENT 2024 EXAM PART 1 
ENROLLED AGENT 2024 EXAM PART 1 WITH GUARANTEED ACCURATE ANSWERS |VERIFIED 
 
 
On which Schedule would a self-employed farmer report their income and loss? - ACCURATE ANSWERSchedule F 
 
What types of income are reported on Schedule E (Form 1040)? - ACCURATE ANSWERIncome from rental real estate, royalties, partnerships, S corps, trusts, and estates. 
 
What are some situations that make discharged debt non-taxable? - ACCURATE ANSWER(1) bankruptcy (2) insolvency...
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