Intro to 1040 Bonus
Which section of the Form 1040 shows the name of the person the taxpayer has authorized to discuss their tax return on their behalf?
Third Party Designee
Which of the following is a taxpayer identification number that the IRS issues for Federal tax purposes to taxpayers who do not qualify for an SSN?
ITIN
In tax year 2021, Julia received $16,000 in alimony, $10,000 in child support, and $4,000 for providing childcare for the 8-year-old twins who live next door. How much of the income received is she required to report as taxable?
4000
Can taxpayers use an unofficial interpreter to assist them with tax matter,such as a family member or friend ?
yes
What does IPPIN stand for ?
Identity Protection Personal Identification Number
Which section of the Form 1040 allows the taxpayer to classify the different types of income received during the tax year?
Income
A taxpayer whose tax year begins on June 1st and ends on May 31st is called a year filer.
fiscal
What type of income is reported on Form 1099-DIV?
Earnings or profit from a mutual fund
Whats the communications IRM?
21.1.1.4
The IP PIN is assigned annually to taxpayers who
Have reported to the IRS they are a victim of identity theft that affects their tax account and the IRS has resolved their issue.
In which section of the Form 1040 tax return do taxpayers declare that the information contained in the tax return is true, correct, and complete to the best of their knowledge?
Signature Section with Jurat
Where is the dependents located on a 1040?
Dependent Section
Taxpayers calculate income (or loss) from a business they operated on what form?
schedule c
What's the freeze code IRM ?
21.5.6.4
What form is filed to report IDT ?
Form 14039
Which section of the Form 1040 identifies the taxpayer in question?
Entity
When completing Form 1040 using the Married Filing Separately (MFS) filing status, what two pieces of information must a taxpayer provide?
Spouse’s name and taxpayer identification number.
Taxpayers who receive an income tax refund from the state also receive what form?
1099-g
What is the transaction code for an adjustment ?
TC 290
The requirement for the taxpayer to send substantiation along with their Form 14039 has been eliminated. However, employees may continue to request additional substantiation if it is needed to make an identity theft determination.
TRUE
In which tax year does the Form 1040 not contain a check box for the taxpayer to indicate that they received any digital assets?
2019
Taxpayers using the Head of Household filing status must pay more than half the cost of during the year.
Keeping up a home
Which of the following types of income is taxable?
Compensation received for Jury Duty
What freeze code is associated with the amended return ?
What is the IRM for Identity Theft Telephone General Guidance?
25.23.12.2