Vita 2023 advanced - Study guides, Class notes & Summaries

VITA 2023 ADVANCED EXAM 1. What is the most beneficial filing status allowable for Rebecca? - ANSWER-D. Qualifying Widow(er) 2. Rebecca has $3,100 in qualifying child care expenses for the child and dependent care credit. - ANSWER-FALSE 3. Pat and Terri are eligible for which of the following credits? Select the best answer. - ANSWER-D. Both a and b Credit for other dependents & Child tax credit

VITA 2023 Advanced Test Questions And Answers

VITA 2022/2023 ADVANCED TEST|VOLUNTEER STANDARDS OF CONDUCT TEST QUESTIONS

VITA Certification Exam (2023/ 2024) Questions and Verified Answers| 100% Correct| Grade A Q: Failure of a VITA/TCE volunteer to comply with the Volunteer Standards of Conduct could result in which of the following? a. The volunteer's removal from the VITA/TCE Programs. b. Inclusion in the IRS Volunteer Registry to bar future VITA/TCE activity indefinitely. c. Termination of the sponsoring organization partnership with the IRS. d. All of the above may be considered an appropriate action ...

VITA Certification Exam | Questions and Verified Answers| 100% Correct| Graded A (2023/ 2024) QUESTION If a taxpayer offers you a $20 bill because they were so happy about the quality service they received, what would be the appropriate action to take? a. Take the $20 and thank the taxpayer for the tip. b. Tell the taxpayer it would be better to have the $20 deposited directly into your bank account from his refund. c. Thank the taxpayer, and explain that you cannot accept any pay...

VITA Certification Exam (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Yes and No: An IRS tax law certified volunteer preparer told the taxpayer that cash income does not need to be reported. The return was completed without the cash income. The designated Quality Reviewer simply missed this omission and the return was printed, signed, and e-filed. Did the designated Quality Reviewer violate the Volunteer Standards of Conduct? Answer: No Q: Ma...

Make an effort to find the answer When in doubt: • Seek assistance from the coordinator • Seek assistance from a tax preparer with more experience • Reschedule/suggest the taxpayer come back when a more experienced tax preparer is available • Reference/research publications (i.e. Publication 17, Publication 4012, Publication 596, etc.) • Research for the answer • Call the VITA/TCE Hotline at 1-800-829-VITA (8482) • Research the Interactive Tax Assistance (ITA) on to address tax ...

VITA 2023 Advanced Test QUESTION AND ANSWER GRADED A+ ACTUAL QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES VERIFIED ANSWERS ALREADY GRADED A+ Head of Household - CORRECT ANSWER-1. What is the most beneficial filing status that Karen is eligible to claim on her 2021 tax return? False - CORRECT ANSWER-2. Karen's Economic Impact Payment (EIP3) must be included in her total income. $300 - CORRECT ANSWER-3. What amount may Karen deduct as a charitable contribution when...

All the above ANSWER-6. Form 8889, Part 1 is used to report HSA contributions made by _______________. 1000 ANSWER-7. Carol is eligible to contribute an additional $________ to her HSA because she is age 55 or older. $2,980 ANSWER-8. What is the total unreimbursed qualified medical expenses reported on Form 8889, Part II? Barbara and Jenny ANSWER-9. For the purpose of determining dependency, Marie meets the conditions to be the Qualifying child of _______________. False ANSWER...

VITA 2021 Advanced Test / VITA Advanced Test -with 100% verified solutions-2023 - 2025