Enrolled Agent Exam Part 1 - Individual Taxation (Practice Questions) and Answers
0 view 0 purchase
Course
EA - Enrolled Agent
Institution
EA - Enrolled Agent
The IRS has created a system of IP PINs as a step toward combating:
A. Taxpayer abuse of the Earned Income Tax Credit.
B. Practitioner fraud.
C .Unenrolled preparer fraud.
D. Identity theft. - Answer-D. Identity theft.
Jamila is a nonresident alien that owns a rental property in the US that ...
Enrolled Agent Exam Part 1 - Individual
Taxation (Practice Questions) and
Answers
The IRS has created a system of IP PINs as a step toward combating:
A. Taxpayer abuse of the Earned Income Tax Credit.
B. Practitioner fraud.
C .Unenrolled preparer fraud.
D. Identity theft. - Answer-D. Identity theft.
Jamila is a nonresident alien that owns a rental property in the US that she inherited
from her brother, who was a green-card holder. Jamila must file a U.S. tax return, but
she is not eligible for a Social Security Number. What must she do?
A. She must fill out a W-7 application form for an EIN, and submit it to the IRS along
with a completed tax return.
B. She must fill out a W-7 form for an ATIN, and submit it to the IRS along with a
completed tax return.
C. She must fill out a W-9 application form for an ITIN, and submit it to the IRS along
with a completed tax return.
D. She must fill out a W-7 application form for an ITIN, and submit it to the IRS along
with a completed tax return. - Answer-D. She must fill out a W-7 application form for an
ITIN, and submit it to the IRS along with a completed tax return.
What biographical information, at a minimum, is required on each individual taxpayer's
federal income tax return?
A. Taxpayer name, taxpayer identification number, and mailing address.
B. Taxpayer name and taxpayer identification number.
C. Taxpayer name, taxpayer identification number, physical address, phone number,
and email address.
D. Taxpayer name, taxpayer identification number, physical address, and phone
number - Answer-A. Taxpayer name, taxpayer identification number, and mailing
address.
What is IRS Form W-7 used for?
A It is used to report employee withholding.
B. It is used to apply for an ITIN.
C. It is used to report contractor payments.
D. It is used to report backup withholding. - Answer-B. It is used to apply for an ITIN.
Generally, every taxpayer who files a tax return must use an identifying number. Which
of the following is NOT a taxpayer identification number for IRS purposes?
A. taxpayer identification number (ATIN).
B. Individual tax identification number (ITIN).
, C. Preparer tax identification number (PTIN).
D. Social Security number (SSN). - Answer-C. Preparer tax identification number
(PTIN).
All of the following statements regarding the Adoption Taxpayer Identification Number
(ATIN) are correct except:
A. An ATIN can be used to claim any tax credit that is available to someone with an
SSN.
B. An ATIN can be used for a domestic adoption or a foreign adoption if the child has a
permanent resident alien card or certificate of citizenship.
C. An ATIN can be requested by a taxpayer who is unable to secure a Social Security
number for a child until his adoption is final.
D. An ATIN can be obtained even if an adoption has not been finalized. - Answer-A. An
ATIN can be used to claim any tax credit that is available to someone with an SSN.
An ATIN cannot be used to claim the Earned Income Tax Credit, or the Child Tax
Credit.
To prepare an accurate tax return, a tax preparer needs all of the following information
about a client except:
A. Prior-year AGI
B. Citizenship or residency.
C. Date of birth.
D. Social Security number or taxpayer identification number. - Answer-A.Prior-year AGI
Penny was the victim of identity theft last year. She received an IP PIN from the IRS this
year. She plans to use a paid preparer to file her return. How should the IP PIN be
used?
A. preparer does not need to enter Penny's IP PIN on the tax return. It is for her records
only.
B. The preparer should enter Penny's IP PIN on the tax return next to her signature
block.
C. The preparer should enter Penny's IP PIN on the tax return in the PTIN section.
D. The preparer should enter Penny's IP PIN on the tax return in the third party
designee area. - Answer-B. The preparer should enter Penny's IP PIN on the tax return
next to her signature block.
The issuance of an ITIN does not:
A. Create a presumption regarding the individual's immigration status.
B. Give the individual the right to work in the United States.
C. Entitle the recipient to Social Security benefits or the Earned Income Tax Credit.
D. All of the above. - Answer-D. All of the above.
Which individual tax form is designed specifically for seniors?
A. Form 1040-PR
B. Form 1040-NR
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lectknancy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
