Chapt 2 - Income
Chapt 3 - Filing Reqms
Chapt 4 - Dependents
Chapt 5 - HOH/QW
Chapt 6 - Int/Div
100
All worldwide income from whatever source derived.
What is GROSS INCOME?
100
A legal marriage entered into without the parties obtaining a license or having a ceremony.
What is Common Law Marriage?
100
A student attending school on a full time basis for all or part (at least 5 months) of the year.
Who is a full time student for the AGE dependency test?
100
Upto 2 years after the year of death of a taxpayer, the surviving spouse can use this favorable filing status.
What is Qualifying Widow/Widower filing status?
100
Interest income is reported on this form.
What is Form 1099 INT?
200
The Form used by an employer to report wage and tax information to an employee?
What is W-2?
200
US state where income earned by either spouse belongs half to each spouse.
What is a Community Property State?
200
The qualifying child cannot provide more than 50% of his/her own support.
What is the SUPPORT test for a QUALIFYING CHILD?
200
Unmarried taxpayers supporting a dependent, who are not eligible for QW status may use this filing status.
What is HOH filing status?
200
Dividend income is reported on this form.
What is Form 1099DIV?
300
It shows pre-tax contributions to a 401K plan.
What is Code D in Box 12 of a W-2?
300
Standard deduction + personal exemption for that filing status.
What is gross income filing requirement for a given filing status?
300
The taxpayer must provide more than 50% of the support for the person.
What is the SUPPORT test for QUALIFYING RELATIVE?
300
A person who lived with the taxpayer throughout the year, supported by the taxpayer, but not related to the taxpayer.
Who is a Non-relative Dependent?
300
1099 INT income is reported on this Schedule, attached to a tax return.
What is Sched B?
400
Total income subtracted by total adjustments on a tax return.
What is Adjusted Gross Income?
400
It affects/offsets a refund. Examples are unpaid student loans, unpaid child support etc.
What is past- due debt?
400
Tax Credit limited to tax liability.
What is a NON-REFUNDABLE TAX CREDIT?
400
Exemption, Child Tax Credit (even if MFS) and Additional Child Tax Credit can be claimed by this parent.
Who is a Non-Custodial Parent?
400
1099 B income/loss is reported on this Schedule, attached to a tax return.
What is Sched D?
500
Adjusted Gross Income reduced by (deductions + exemptions).
What is Taxable Income?
500
Form used to file a spouse's share of refund when the other spouse has past due debt.
What is Form 8379?
500
$55,000 for MFS, over which the Child Tax Credit is reduced by $50 for every $1000 (or portion of $1000)
What is the INCOME PHASEOUT FOR CHILD TAX CREDIT IF MARRIED FILING SEPARATELY?
500
The form used by the custodial parent to waive the right to a dependency exemption.
What is FORM 8332?
500
This box shows qualified dividends and is eligible for a favorable tax treatment.
What is Box 1b on a 1099 DIV?
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