Vitatce - Study guides, Class notes & Summaries

VITA(TCE) RETURN PREPARATION PROCESS & TAX VITA(TCE) RETURN PREPARATION PROCESS & TAX LAW LATEST EXAM Q & A 2024.

IRS VITA/TCE Advanced Certification Exam (2024)

IRS VITA/TCE ADVANCED CERTIFICATION EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+IRS VITA/TCE ADVANCED CERTIFICATION EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

Maximum Foreign Income Exclusion (Changes to 2016) - ANSWER Increased to $101,300 Maximum Foreign Housing Exclusion (Changes to 2016) - ANSWER Increased to $44.28 per day Modified Adjusted Gross (AGI) Limit (IRAs and Other Retirement Plans) - ANSWER *Max IRA Deduction remains at $5,500, ($6500 if age 50 older) ** If a taxpayer is covered by a retirement plan at work, the deduction for contributions to a traditional IRA is reduced (phased out) if the modified AGI is: **More than $98,0...

VITA EXAM QUESTIONS WITH VERIFIED ANSWERS 1. Prior to working at a VITA/TCE site, ALL VITA/TCE volunteers (greeters, client facilitators, tax preparers, quality reviewers, etc.) must: -Correct Answer-E. A and B 2Can a volunteer be removed and barred from the VITA/TCE Programs for violating the Volunteer Standards of Conduct? -Correct Answer-Yes 3.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 ...

VITA(TCE) RETURN PREPARATION PROCESS & TAX LAW LATEST EXAM Q & A 2024.

Maximum Foreign Income Exclusion (Changes to 2016) - Answer-Increased to $101,300 Maximum Foreign Housing Exclusion (Changes to 2016) - Answer-Increased to $44.28 per day Modified Adjusted Gross (AGI) Limit (IRAs and Other Retirement Plans) - Answer-*Max IRA Deduction remains at $5,500, ($6500 if age 50 older) ** If a taxpayer is covered by a retirement plan at work, the deduction for contributions to a traditional IRA is reduced (phased out) if the modified AGI is: **More than $98,0...

. Prior to working at a VITA/TCE site, ALL VITA/TCE volunteers (greeters, client facilitators, tax preparers, quality reviewers, etc.) must: - correct answer E. A and B 2Can a volunteer be removed and barred from the VITA/TCE Programs for violating the Volunteer Standards of Conduct? - correct answer Yes 3.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? - correct answer C. Thank the ...

VITA Advanced Test Questions With Correct Answers 2023 VOLUNTEER STANDARDS OF CONDUCT TEST QUESTIONS 1. Prior to working at a VITA/TCE site, ALL VITA/TCE volunteers (greeters, client facilitators, tax preparers, quality reviewers, etc.) must: Correct Answer: a. Annually pass the Volunteer Standards of Conduct (VSC) certification test with a score of 80% or higher. b. Sign and date the Form 13615, Volunteer Standards of Conduct Agreement, agreeing to comply with the VSC by upholding the ...

VOLUNTEER STANDARDS OF CONTUCT RETEST QUESTIONS 1. Which volunteers must pass the Volunteer Standards of Conduct (VSC) certification test? - ANSWER All VITA/TCE site volunteers must pass the VSC certification test 2. Failure of a VITA/TCE volunteer to comply with the Volunteer Standards of Conduct could result in which of the following? - ANSWER a. The volunteer's removal from the VITA/TCE program. b. The volunteer's inclusion in the IRS Volunteer Registry to bar future VITA/TCE activ...