Purpose of vita - Study guides, Class notes & Summaries

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 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...

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| Grade A Q: 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, and Zelda's is $4,100.Which of the following is true? A. Just Larry is required to file B. Just Zelda is required to file C. Both Larry and Zelda are required to file D. Neither Larry nor Zelda must file Answer: C. Both Larry and Zelda are required to file Taxpayers o...

Form 13614-C, Intake/Interview & Quality Review Sheet, is a tool designed to assist IRS tax law-certified volunteers in asking the necessary questions to obtain the information necessary to prepare an accurate tax return. Purpose of this Training The training provided will educate all volunteers, especially greeters, who are not certified in tax law and who work in the intake area, on their role and involvement in the return preparation process. Adherence to the Intake/Interview ...

VITA Advanced Test with 100% verified solutions-2023 Head of Household 1. What is the most beneficial filing status that Karen is eligible to claim on her 2021 tax return? False 2. Karen's Economic Impact Payment (EIP3) must be included in her total income. $300 3. What amount may Karen deduct as a charitable contribution when filing her 2021 tax return? $6,600 4. What is the maximum amount Paul and Maggie are eligible to claim for the child tax credit? $3,500 5. How much of t...

VITA (2022/2023) ADVANCED TEST QUESTIONS AND ANSWERS ALREADY PASSED 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: 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 highest et...

VITA Advanced Test Questions and answers, rated A+ Head of Household - -1. What is the most beneficial filing status that Karen is eligible to claim on her 2021 tax return? False - -2. Karen's Economic Impact Payment (EIP3) must be included in her total income. $300 - -3. What amount may Karen deduct as a charitable contribution when filing her 2021 tax return? $6,600 - -4. What is the maximum amount Paul and Maggie are eligible to claim for the child tax credit? $3,500 - -5. How mu...

VITA 2024 ADVANCED EXAM QUESTIONS WITH COMPLETE ANSWERS 7. Jenny is eligible to contribute an additional $1,000 to her HSA because she is age 55 or older. - Answer-True 8. What is the total unreimbursed qualified medical expenses reported on Form 8889, Part II? - Answer-$3,040 No gym membership 9. For the purpose of determining dependency, Nancy could be the qualifying child of - Answer-Either Alice or Linda 10. Linda is not eligible to claim Nancy for the earned income credit b...

VITA 2021 Advanced Test Questions And Answers Head of Household - ANS 1. What is the most beneficial filing status that Karen is eligible to claim on her 2021 tax return? False - ANS 2. Karen's Economic Impact Payment (EIP3) must be included in her total income. $300 - ANS 3. What amount may Karen deduct as a charitable contribution when filing her 2021 tax return? $6,600 - ANS 4. What is the maximum amount Paul and Maggie are eligible to claim for the child ...