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IRS Forms and Applications Quiz
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IRS Forms and Applications Quiz

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@ElatedMoose

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Questions and Answers

What is the purpose of Form 1040?

  • To apply for Power of Attorney
  • To file a tax return (correct)
  • To request a transcript of tax return
  • To request a taxpayer identification number
  • Who needs to file an Employer's Quarterly Federal Tax Return?

  • Employers who do not pay compensation
  • Individual taxpayers
  • Self-employed individuals
  • Employers who pay compensation (correct)
  • What does the IRS Collection Process for Taxpayers Filing and/or Paying Late entail?

  • Providing a tax refund
  • Taking legal action against the taxpayer (correct)
  • Waiving all late fees and interest
  • Offering a payment plan for the taxes owed
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