Circular 230
What is the common name for the regulations governing practice before the IRS?
What is circular 230
How many Filing Statuses are there ?
what is 5
How many dependents is a taxpayer allowed to file?
What is three dependents
Is due Dilligence mandatory ?
What is yes
This tax form used by eligible educational institutions to report information about their students to both the student and the IRS (Internal Revenue Service). This form helps students who are enrolled in eligible educational institutions determine if they qualify for education-related tax credits such as the American Opportunity Credit or the Lifetime Learning Credit.
What is 1098T
What is the name of the person who enforces circular 230 Rules.
What is OPR ( Office Of Professional Responsibilites )
to qualify for head of household how much of the house expenses must you have paid ?
what is more than half
A dependent must be a qualifying child or____ ?
what is Relative
When completing your due diligence check list how long does your notes need to be?
what is longer than a paragraph
What is a form 1095A?
What is Healthcare Deductions
When must a practitioner inform a client of any noncompliance, errors, or omissions on a tax return?
What is Immediately
What are the filing statuses?
What is single, married filing joinlty, head of household, married filing seperatly, widower ( with qualifying child)
What is the maximum ctc amount that can be claimed per qualifying child?
What is 2200 , 1700 refundable.
Which form is used to meet IRS due diligence requirements.
What is Form 8867
All taxpayers must use three basic tax forms. Name two of these forms.
What is Form 1040, 1040A, 1040EZ
A tax professional has been suspended by their state licensing board. Can they still practice before the IRS?
what is no
Whats the minimum income nedded to file as head of househould?
what is 22,000 or more
How long must a dependent live with a taxpayer?
What is 6 months or longer
Are you married, divorced, or separated? If divorced or separated, what does your agreement state regarding who can claim the children?
What is determining filing statuses
This form is a tax form used by sole proprietors and single-member limited liability companies (LLCs) to report their profit or loss from a business. It is filed as part of the individual's personal tax return (Form 1040) and is used to report income and expenses related to a business operated as a sole proprietorship.
What is schedule C
What are the disciplinary actions for cicular 230 ?
What is Disbarment , suspensions, censure,
Ashley and Brian are married but in the middle of getting a divorce. Ashley wants to file a separate tax return how would you respoond to her.
What is you have to File together
If both parents file the dependent will both parents recieve the child tax credit?
what is no
What records do you have to substantiate your income and expenses for your business? Do you have separate bank accounts for personal and business transactions? Tax prepares ask these questions when filing out what form ?
What is Schedule C
This form is a tax form used in the United States to report miscellaneous income received by individuals who are not employees. Businesses or individuals who pay someone $600 or more in a year for services provided.
what is 1099misc