Preliminary work and taxpayers data
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Questions and Answers

What award did LuSundra Everett receive in 2021?

  • Emerging Leader award (correct)
  • Mentor of the Year award
  • EA of the Year award
  • Diversity Leadership award

    • Which virtual firms does LuSundra Everett own?

  • ETS Tax Relief and Home Biz Accounting
  • Everett Tax Solutions and ETS Tax Relief (correct)
  • Everett Tax Solutions and Tax Relief Experts
  • Home Biz Tax and Tax Planning Services

    • What niche areas does Tynisia Gaines focus on in her tax practice?

  • Military taxpayers and cryptocurrency (correct)
  • Corporate tax and real estate
  • Nonprofit organizations and mergers
  • Small business taxation and estate planning

    • What educational background does Natasha Johnson have?

    <p>BA in Accounting and MS in Taxation</p> Signup and view all the answers

    What committee does Tynisia Gaines chair in the NAEA?

    <p>Diversity, Equity, and Inclusion Committee</p> Signup and view all the answers

    What is LuSundra Everett known for on social media?

    <p>The Home Biz Tax Lady</p> Signup and view all the answers

    Which award did Tynisia Gaines receive in 2015?

    <p>EA of the Year award</p> Signup and view all the answers

    What is one of LuSundra Everett's specializations in her tax practice?

    <p>Tax planning for small businesses</p> Signup and view all the answers

    What is the main purpose of the Surgent EA Review textbook?

    <p>To provide accurate and authoritative information on covered topics</p> Signup and view all the answers

    As of what date has the content of the Surgent EA Review been updated to reflect relevant legislative changes?

    <p>April 2024</p> Signup and view all the answers

    Which individual is listed as the Editor-in-Chief of the Surgent EA Review?

    <p>Liz Kolar, CPA, CGMA</p> Signup and view all the answers

    What aspect of the Zorgent EA Review is acknowledged for its contributions and improvements?

    <p>The software design and development team</p> Signup and view all the answers

    What responsibility do the editors and authors of the Surgent EA Review accept?

    <p>Any deficiencies in the current edition</p> Signup and view all the answers

    What is notable about the team behind Surgent EA Review?

    <p>They are a combination of professionals from various fields.</p> Signup and view all the answers

    What assurance do the software testers provide for the Surgent EA Review?

    <p>They guarantee the highest quality product is delivered.</p> Signup and view all the answers

    Which of the following statements about copyright is true concerning the Surgent EA Review?

    <p>It is protected under the 1976 Copyright Act.</p> Signup and view all the answers

    Under what circumstance can individuals who divorced solely for tax purposes still file as married individuals?

    <p>If they intended to remarry each other in the next tax year</p> Signup and view all the answers

    Which of the following statements is true about filing status for married couples?

    <p>They are considered married for filing status if they are living apart but not legally separated</p> Signup and view all the answers

    In which scenario can a surviving spouse file a joint return after the spouse's death?

    <p>If the surviving spouse did not remarry before the end of the year in which the spouse died</p> Signup and view all the answers

    Which option qualifies a taxpayer as being married for the entire year?

    <p>They lived together in a common law marriage recognized by their state</p> Signup and view all the answers

    What is the implication of filing status for married persons who are separated under a temporary decree of divorce?

    <p>They are not considered divorced and can file jointly</p> Signup and view all the answers

    What must a married couple consider when deciding to file a joint return versus separate returns?

    <p>The income levels of both spouses</p> Signup and view all the answers

    If a taxpayer and their spouse were never married but lived together for several years, what is their filing status?

    <p>Single</p> Signup and view all the answers

    Which of the following describes a scenario where a taxpayer would be considered married for filing purposes?

    <p>They were separated under a temporary divorce decree</p> Signup and view all the answers

    What does the Declaration of Taxpayer require from the taxpayer under penalties of perjury?

    <p>To declare that the return is true, correct, and complete.</p> Signup and view all the answers

    What action must taxpayers take if the electronic return data changes after signing the Declaration of Taxpayer?

    <p>Sign a new declaration if there is a change of more than $50 to Total income or AGI.</p> Signup and view all the answers

    Which of the following methods is used to electronically sign the Declaration of Taxpayer?

    <p>Self-Select PIN method utilizing previous year's AGI or prior PIN.</p> Signup and view all the answers

    What information can taxpayers authorize their Intermediate Service Providers to receive from the IRS?

    <p>Acknowledgment of receipt or reason for rejection of their electronic return.</p> Signup and view all the answers

    Which of the following amounts must differ to require taxpayers to sign a new Declaration of Taxpayer?

    <p>More than $50 to Total income or AGI, or more than $14 to Total tax or Refund.</p> Signup and view all the answers

    What should taxpayers do if they lack their original prior AGI or PIN for signing purposes?

    <p>Call IRS Tax Help at (800) 829-1040 for assistance.</p> Signup and view all the answers

    What does the Consent to Disclosure authorize the IRS to do?

    <p>Disclose information to the taxpayer's Providers.</p> Signup and view all the answers

    What could trigger a delay in processing a taxpayer's return according to the provided information?

    <p>Inaccurate information reported on the electronic return.</p> Signup and view all the answers

    What must a spouse do if they sign the tax return on behalf of a disabled spouse?

    <p>Sign the disabled spouse's name followed by a specific endorsement.</p> Signup and view all the answers

    Which of the following is NOT required when signing on behalf of a disabled spouse?

    <p>A power of attorney document from the disabled spouse.</p> Signup and view all the answers

    If one spouse is the guardian of a mentally incompetent spouse, how can they sign the tax return?

    <p>They can sign as guardian without any additional documentation.</p> Signup and view all the answers

    What is required from taxpayers when submitting an electronic tax return?

    <p>They must sign the return electronically along with the preparer if applicable.</p> Signup and view all the answers

    What is the purpose of signing the Declaration of Taxpayer for electronic submissions?

    <p>It authorizes the electronic submission of the return to the IRS.</p> Signup and view all the answers

    Which statement is true regarding the signing of a tax return if a spouse is unable to do so due to reasons other than disability?

    <p>The other spouse must obtain a power of attorney to sign.</p> Signup and view all the answers

    How should a spouse sign if they are signing in a representative capacity for their disabled spouse?

    <p>They should sign both their own name and the disabled spouse's name clearly.</p> Signup and view all the answers

    What must a taxpayer do to effectively authorize electronic submission?

    <p>Sign the Declaration of Taxpayer prior to return transmission.</p> Signup and view all the answers

    Which statement accurately describes the conditions under which a taxpayer can claim a child as a qualifying person for head of household filing status?

    <p>The child must not provide more than half of their own support.</p> Signup and view all the answers

    What is a requirement for a noncustodial parent regarding claiming their child for head of household filing status?

    <p>The child cannot be claimed as a qualifying child solely for exemption purposes.</p> Signup and view all the answers

    Which of the following individuals cannot be considered as a qualifying person under a multiple support agreement?

    <p>A child whom the taxpayer supports but can be claimed by another taxpayer.</p> Signup and view all the answers

    What is the primary condition for a child aged 18 as of the end of the year to be a taxpayer's qualifying child?

    <p>The child must not provide more than half of their own support.</p> Signup and view all the answers

    Which condition disqualifies a taxpayer from claiming head of household filing status for a child?

    <p>The child is classified as a qualifying child under another taxpayer.</p> Signup and view all the answers

    Under what condition can a relative be considered as a qualifying person if they are not residing with the taxpayer?

    <p>The relative relies on the taxpayer for more than half of their financial support.</p> Signup and view all the answers

    Which of the following statements about qualifying persons for head of household filing status is correct?

    <p>A person who can be claimed as a dependent can still qualify.</p> Signup and view all the answers

    Which of the following situations does NOT allow a taxpayer to claim head of household status?

    <p>The taxpayer claims multiple support agreement exemptions.</p> Signup and view all the answers

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