Intro to Form 1040
Schedule 1 is for Additional Income and Adjustments to Income
True
What are the five Filing Status?
Single
MFJ
MFS
HOH
QSP
Taxpayers who receive nontaxable interest income report this income on
which line of Form 1040?
Line 2a
The taxpayer's income after any adjustment is entered as the ____ amount on form 1040, Line 11.
Adjusted Gross Income (AGI)
If a spouse dies during the tax year and the surviving spouse does not remarry before the end of the year, the surviving spouse is considered married for the entire year may file as MFJ.
True
Where will tp report the Form 1099-R information on Form 1040?
Line 5b
What Schedule do we use for Itemized Deductions?
What are the 4 types of TINs that we use to identify the taxpayer?
SSN, ITIN, ATIN, IRSN
What Schedule do we report the Additional Income and Adjustments to Income.
Schedule 1
Where does the taxpayer report the nonrefundable Credits?
Schedule 3, Additional Credits and Payments, Part 1
What is the maximum number of standard deduction checkboxes that the taxpayer can select?
There is no maximum.
The sum of all income is reported as Total Income and is reported as follows:
Total income is the sum of lines 1z, 2b, 3b, 4b, 5b, 6b, 7,7b and 8
of Form 1040 and is reported on line 9.
False
What are the limits of authority for a third-party designee?
It expires one year after the original due date of the return or the taxpayer's date of death, whichever is earlier.
What are the five tests a taxpayer must meet to claim a dependent as a qualifying child?
Who's the best team?
Class G!!!