Vita advancedvita - Study guides, Class notes & Summaries

VITA Certification Exam (New 2023/ 2024 Update) Questions and Verified Answers| 100% Correct| Graded A QUESTION As part of the intake process, each site must: a. Have a process to ensure a return is within the scope of the VITA/TCE Programs b. Identify the certification level needed to prepare a return c. Have a process to ensure volunteers have the certification needed for the returns they prepare d. All of the above Answer: d. All of the above QUESTION When sh...

VITA Basic Exam (New Update) Questions and Verified Answers| 100% Correct| Graded A QUESTION True or False? If a taxpayer wants to know about the Presidential Election Campaign Fund they can find that information in Publication 17. Answer: True- The index in Publication 17 links to a paragraph in the chapter on Filing Information. QUESTION Larry and Zelda are married but will not file a joint return. Both are under 65. Larry's gross income from wages is $30,150, a...

VITA Basic Exams Bundled Together | Questions and Verified Answers| 100% Correct| Graded A QUESTION For a relative to qualify a taxpayer to be Head of Household, how long must the taxpayer's home be the main home of the relative? A. Two or more years B. The entire year C. More than half the year D. At least three months Answer: C. More than half the year The taxpayer's home must have been the main home of the qualifying person for more than half the year QUESTION ...

VITA Advanced Exam (New Update) Questions and Verified Answers| 100% Correct| Graded A QUESTION Form 8889, Part 1 is used to report HSA contributions made by Answer: a. Jenny b. Jenny's employer c. Jenny's mother d. All of the above <<< CORRECT QUESTION Jenny is eligible to contribute an additional $1,000 to her HSA because she is age 55 or older. Answer: True QUESTION What is the total unreimbursed qualified medical expenses reported on F...