Income
Employers report annual wages to their employees on this form
What is a W2?
Tax paid on profit made
What is Capital Gains?
True or False: You must have a qualifying child to claim the Earned Income Credit.
What is False?
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What is Finesse?
The IRM for -E freeze
What is 21.5.6.4.2?
What is Gambling or Gaming?
Taxes paid by independent contractors and sole proprietors, not W2 employees
What is self-employment tax?
The two main types of credits
What are Refundable and Non-Refundable?
If a taxpayer misses a question during basic disclosure, we perform this.
What is High-Risk Disclosure?
Transfers to Business Accounts Management will be sent to this extension
What is 1030?
One state in the union has a Permanent Fund for its residents. This income is only claimed by residents of this state.
What is Alaska?
The less favorable tax rate for Capital Gains tax
What is short-term?
Itemized deductions are claimed on this
What is Schedule A?
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What are the IRMs?
IRM 21.5.6.4.2, paragraph 4, box 1, directs taxpayers to this self-help tool.
What is the "Where's My Amended Return?" application on irs.gov?
This type of income is claimed on lines 6a and 6b of the form 1040
What is Social Security Income?
AGI over $100,000 must use this method to figure their tax.
What is the Tax Computation Worksheet?
Education Credits are claimed using this form
What is Form 8863?
When we open an account by accident or on purpose when we aren't supposed to, this is called:
What is UNAX or Unauthorized Access?
This TC sets the S- freeze.
What is TC 740?
CashApp, Venmo, PayPal, and Zelle send this form if a recipient's income neets the $600 threshhold.
What is a 1099-K?
The acronym QDCGTW stands for this.
What is "Qualified Dividends and Capital Gain Tax Worksheet"?
The actual name of the "stimulus checks"
What is Economic Impact Payments?
These are people who can receive account information who are NOT the taxpayer.
Who are Authorized Third Parties?
Annual recapture amount for the 2008 First Time Homebuyer's Credit
What is 6 2/3% of the total credit taken?