Elements of
Form 1040
Form 1040
social security number
What would you find in the entity section of Form 1040?
Transaction code indicating that a refund has been issued.
What is TC846?
$500
What is the maximum amount per child who has an ITIN?
This credit is entirely refundable.
What is earned income credit?
Jurat
What is the affidavit that the taxpayer signs on the return?
non-refundable credits
What would you find in the taxes and credits part of form 1040?
Transaction code indicating the tax return has been processed.
What is TC150?
Part 1 of this schedule# is non-refundable
What is Schedule 3?
Additional Child Tax Credit.
What is the portion of the child tax credit that is refundable?
Credit elect
What is the part of the taxpayer's refund that they elect to go towards the next tax year?
Third-party designee
What is the Jurat section?
Transaction code indicating that the taxpayer had tax withholding
What is TC806?
Two credits that are non-refundable, but may also have a refundable portion.
What are child tax credit and American opportunity credit?
Premium Tax Credit
What is a healthcare tax credit that can be refunded if underpaid?
Form 8888
What form is used for allocation of refunds, including savings bonds?
digital assets
What is the entity section?
One of the two command codes used to view a summary of taxpayer modules.
What is SUMRY (or IMFOLI)
Must be working or looking for work.
What is the requirement to claim the child and dependent care credit?
What are the recovery rebate credits if the taxpayer did not receive the EIP payments?
What form is used to reconcile advanced premium tax credits received by the taxpayer?
Earned Income Credit (EIC)
What is payments?
One of the three command codes used to view entity information
What are ENMOD, IMFOLE or INOLES
This credit was available as a refundable credit only for tax year 2021
What is the Credit for child and dependent care expenses from Form 2441?
Under the age of 19
What is the dependent's age restriction for earned income credit?
8812
What is the schedule for child tax credit?