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1040A - Answer a two-page form, your income must be less than $100,000 and be derived only from specified sources. using this form, you may deduct certain IRA contributions and claim certain tax credits, but you cannot itemize your deductions. 1040EZ - Answer simple, one-page form; you qualif...
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Add to cart1040A - Answer a two-page form, your income must be less than $100,000 and be derived only from specified sources. using this form, you may deduct certain IRA contributions and claim certain tax credits, but you cannot itemize your deductions. 1040EZ - Answer simple, one-page form; you qualif...
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. ...
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Add to cartWhich 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. ...
Circular 230 - Answer Regulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. Disclosure - Answer The release of tax information by an IRS employee. Due Diligence - Answer Requirements that tax pro...
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Add to cartCircular 230 - Answer Regulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. Disclosure - Answer The release of tax information by an IRS employee. Due Diligence - Answer Requirements that tax pro...
What is Gross Income? - Answer - Any money that you made or worked for that is subject to tax. Also, all world-wide income from whatever source derived, unless specifically excluded from taxation by law. ( Money realized in any form whether in money, property, or services.) Income - Answer ...
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Add to cartWhat is Gross Income? - Answer - Any money that you made or worked for that is subject to tax. Also, all world-wide income from whatever source derived, unless specifically excluded from taxation by law. ( Money realized in any form whether in money, property, or services.) Income - Answer ...
Which of the following is an example of a casualty and/or theft loss? Termite damage Misplaced property Damage or loss from a terrorist attack Property broken through ordinary use - Answer Damage or loss from a terrorist attack The Saver's Credit may be claimed by eligible taxpayers who...
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Add to cartWhich of the following is an example of a casualty and/or theft loss? Termite damage Misplaced property Damage or loss from a terrorist attack Property broken through ordinary use - Answer Damage or loss from a terrorist attack The Saver's Credit may be claimed by eligible taxpayers who...
Tony (28) and Adam (27) are cousins and lived in the same home throughout 2017. Adam only earned $2,500 in 2017. Tony earned $25,000 in 2017. What test does he meet? - Answer Adam meets the relationship and member of household test for Tony, since Adam lived with Tony the entire year. Tony ma...
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Add to cartTony (28) and Adam (27) are cousins and lived in the same home throughout 2017. Adam only earned $2,500 in 2017. Tony earned $25,000 in 2017. What test does he meet? - Answer Adam meets the relationship and member of household test for Tony, since Adam lived with Tony the entire year. Tony ma...
Which of the following is considered earned income? C - Answer a) Interest from a bank b) Unemployment compensation c) Income from farming d) Gambling winnings The tax on income that comes entirely from wages under $100,000 is determined according to the: A - Answer a) Tax Tables b) Tax C...
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Add to cartWhich of the following is considered earned income? C - Answer a) Interest from a bank b) Unemployment compensation c) Income from farming d) Gambling winnings The tax on income that comes entirely from wages under $100,000 is determined according to the: A - Answer a) Tax Tables b) Tax C...
What is the standard deduction for a taxpayer filing single? - Answer $6200 What is the standard deduction for a taxpayer filing married filing joint? - Answer $12400 What is the standard deduction for a taxpayer filing married filing separate? - Answer $6200 What is the standard dedu...
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Add to cartWhat is the standard deduction for a taxpayer filing single? - Answer $6200 What is the standard deduction for a taxpayer filing married filing joint? - Answer $12400 What is the standard deduction for a taxpayer filing married filing separate? - Answer $6200 What is the standard dedu...
True or false: Income tax is paid during the year through withholding from paychecks and/or estimated payments. - Answer True Which of the following would have tax deductible interest? - Answer Home Mortgage _______ income is the net amount of income, after considering allowable deductions...
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Add to cartTrue or false: Income tax is paid during the year through withholding from paychecks and/or estimated payments. - Answer True Which of the following would have tax deductible interest? - Answer Home Mortgage _______ income is the net amount of income, after considering allowable deductions...
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