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 (A)</p> Signup and view all the answers

What committee does Tynisia Gaines chair in the NAEA?

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

What is LuSundra Everett known for on social media?

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

Which award did Tynisia Gaines receive in 2015?

<p>EA of the Year award (C)</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 (A)</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 (B)</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 (A)</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 (A)</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 (B)</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 (A)</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. (B)</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. (B)</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. (D)</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 (C)</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 (D)</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 (A)</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 (C)</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 (A)</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 (B)</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 (C)</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 (C)</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. (B)</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. (B)</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. (D)</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. (C)</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. (B)</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. (C)</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. (D)</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. (B)</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. (D)</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. (A)</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. (A)</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. (B)</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. (B)</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. (D)</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. (C)</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. (C)</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. (C)</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. (C)</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. (C)</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. (D)</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. (A)</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. (D)</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. (B)</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. (D)</p> Signup and view all the answers

Flashcards

Enrolled Agent (EA)

A professional designation for individuals who have passed a rigorous exam and are licensed to represent taxpayers before the IRS.

National Association of Enrolled Agents (NAEA)

A professional organization that represents enrolled agents and advocates for their interests.

Tax Niche

A specialized area of expertise within a profession, like tax preparation for small businesses or military taxpayers.

National Tax Practice Institute (NTPI)

A certification program for tax professionals that focuses on advanced tax knowledge and skills.

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Schuldiner-Smollan Leadership Academy

A leadership development program for enrolled agents, designed to enhance their skills and knowledge.

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Tax Relief

A type of tax preparation service that assists taxpayers in finding solutions to existing or potential tax problems.

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Surgent EA Exam Review

A course offered by Surgent that prepares individuals for the Enrolled Agent exam.

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Testing Effect

A method of teaching that involves actively retrieving knowledge from memory, which strengthens understanding and retention.

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Who is the Editor-in-Chief of Surgent EA Review?

The Editor-in-Chief of Surgent EA Review is a Certified Public Accountant (CPA) and a Chartered Global Management Accountant (CGMA), indicating expertise in accounting and management.

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Who contributes to the development of Surgent EA Review?

Surgent EA Review is developed by a team of experts in accounting, business law, and computer science, ensuring the content is comprehensive and relevant.

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How is the information in Surgent EA Review kept up-to-date?

The content of the book is regularly updated to reflect the latest changes in legislation and governing body regulations, making the information current and accurate.

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Who does Surgent EA Review acknowledge for their contributions?

Surgent EA Review expresses gratitude to individuals and instructors who provide feedback, indicating an openness to improvement and a focus on user needs.

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What is the main purpose of Surgent EA Review?

The content of Surgent EA Review is designed to be informative and comprehensive, aiming to provide the necessary knowledge for passing the EA exam.

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What resources does Surgent EA Review provide?

Surgent EA Review offers a variety of resources and services, including software and textbooks, designed to support students in their exam preparation.

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Who are recognized for their contributions to the software aspect of Surgent EA Review?

Surgent EA Review acknowledges the dedication and effort of software designers and developers, highlighting the crucial role of technology in their products.

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Who contributes to ensuring the quality of Surgent EA Review's software?

Surgent EA Review emphasizes the importance of quality control by mentioning their team of software testers, ensuring the reliability and effectiveness of their product.

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Divorce and Remarriage for Tax Filing

If a couple gets a divorce solely to file as single individuals for taxes in one year, but remarry each other in the next tax year, they must file as married for that year.

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Married and Living Together

Individuals who are legally married and living together as husband and wife are considered married for the entire tax year.

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Common Law Marriage

If a couple is in a common law marriage that is recognized in their state of residence, they are considered married for the entire tax year.

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Married but Living Apart

Individuals who are married but living apart are considered married for the whole tax year unless they are legally separated.

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Temporary Divorce Decree

Couples who are separated under a temporary divorce decree are still considered married for tax filing purposes.

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Surviving Spouse

A surviving spouse who has not remarried before the end of the tax year following the death of their spouse is considered married for the entire year, and may file a joint return with the deceased spouse.

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Filing Options for Married Couples

A married couple can file a joint return or separate returns.

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Taxpayer Choice for Filing Status

The decision to file jointly or separately is up to the taxpayers themselves.

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Disabled Spouse Signing Tax Return

A situation where a spouse is unable to sign a tax return due to injury or illness, and the other spouse signs on their behalf.

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Statement Required for Disabled Spouse Signature

The spouse signing on behalf of the disabled spouse needs to include a signed, dated statement explaining the situation and including the disabled spouse's agreement.

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Guardian Signing for Mentally Incompetent Spouse

A spouse can sign a joint tax return for their mentally incompetent spouse if they are the legal guardian.

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Power of Attorney for Spouse Signing

If a spouse can't sign for a reason other than disability or mental incompetence, the other spouse can sign if they have a valid power of attorney.

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Signing Electronic Tax Returns

Similar to paper tax returns, electronic tax returns require both the taxpayer and paid preparer (if applicable) to sign the return digitally.

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Declaration of Taxpayer for Electronic Returns

Taxpayers must sign and date a specific form, known as "Declaration of Taxpayer", which authorizes the digital submission of the tax return to the IRS.

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Methods for Electronic Taxpayer Signature

Taxpayers have two primary methods for signing electronic tax returns digitally. These methods are not specified in the text.

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Signing Order for Electronic Returns

The electronic tax return must be transmitted to the IRS before the taxpayer can sign the Declaration of Taxpayer.

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Declaration of Taxpayer

A document signed by taxpayers, under penalty of perjury, stating their tax return is accurate and complete. It also grants the IRS permission to share information with the taxpayers' service providers.

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Consent to Disclosure

Allows the IRS to share taxpayer information with the taxpayer's service providers like Transmitters, EROs, and Intermediate Service Providers.

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Electronic Return Originator (ERO)

Electronic Return Originators (EROs) are authorized to receive confirmation from the IRS regarding the status of an electronic tax return, including receipt, rejection, refund offsets, processing delays, refund amounts, and refund dates.

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Amended Declaration of Taxpayer

A taxpayer must sign a corrected Declaration of Taxpayer if the return is amended causing a significant change in either income/AGI or a variety of specific financial fields.

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Personal Identification Number (PIN)

A unique number used by taxpayers to electronically sign their income tax return.

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Self-Select PIN

One method of electronically signing a tax return requires taxpayers to provide their previous year's Adjusted Gross Income (AGI) or previous year's PIN for authentication.

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PIN Authentication

A process where the IRS checks the validity of a taxpayer's PIN by comparing it to their prior year's AGI. This verifies the identity of the taxpayer.

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IRS Tax Help Number: (800) 829-1040

A phone number provided for taxpayers who have lost their prior year's AGI or PIN to assist them with retrieving this information.

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Qualifying Person for Head of Household

A person who can be claimed as a dependent on another person's tax return is considered a qualifying person for head of household filing status.

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Multiple Support Agreement and Qualifying Person

A person who meets the criteria for being claimed as a dependent on another's tax return, but only because of a multiple support agreement, is not considered a qualifying person for head of household filing status.

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Qualifying Relative Living with Taxpayer

A taxpayer cannot claim head of household filing status if they can claim an exemption for a person solely because they lived with them for the entire year as a member of their household.

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Unmarried Child as Qualifying Person

A taxpayer's unmarried child who meets the age, support, and dependency tests is considered a qualifying person for head of household filing status.

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Non-Custodial Parent and Qualifying Child

A non-custodial parent cannot claim their child as a qualifying child for head of household filing status if the child qualifies only because of rules related to divorced or separated parents.

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Custodial Parent and Qualifying Child

If a child is a qualifying child for exemption purposes but not for head of household filing status due to rules for divorced or separated parents, the custodial parent can generally still claim head of household status.

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One Person per Head of Household

Only one person can use the head of household filing status for a specific taxpayer in a given year.

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Head of Household and Multiple Taxpayers

A person cannot qualify multiple taxpayers to use the head of household filing status in the same year.

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