TPA
If a customer's return contains calculations or forms that are not supported by TurboTax Online, we must do this.
What is close the engagement?
(Notify the client, make notes, close)
You must file an income tax return if your net earnings from self-employment are this much or more
What is $400?
This software was originally developed by Scott Chipman in 1980.
What is TurboTax?
TPA's must complete these two steps when a customer does not answer the call.
What are:
1. Send to Voicemail, and
2. Unassign?
This is the bank that handles Refund Transfer transactions. (When a customer uses their tax refund to pay TurboTax fees)
What is Santa Barbara Tax Products Group?
This is the current Head of the Treasury Department.
Who is Janet Yellen?
We now must ask if a customer has income from multiple states. This is the maximum number of state returns we can prepare with a Full Service return.
What is 5?
This is the minimum age to claim the Earned Income Tax Credit in 2022.
What is 25?
In 1705, in an attempt to modernize Russia, Peter the Great implemented a tax on these.
What are beards?
We are now asking returning customers about their interest in being matched with their prior year preparer if they are willing to wait this long.
What is 1 week?
This progressive 0.9% tax applies to all wages, self-employment income, or railroad retirement (RRTA) compensation over $200,000 for Single filers and $250,000 for MFJ filers.
What is the Additional Medicare Tax?
In 1696, England implemented a tax on these, taxing houses based on the number they contained. This resulted in homes being built with fewer of them, which became a public health concern, leading to the repeal of the tax in 1851.
What are windows?
This is the maximum number of Schedule E's that we can prepare with a single return in Full Service.
What is 15?
(45 properties)
This deduction is phased out for high income individuals working in a Specified Service, Trade, or Business (SSTB). (People like accountants)
What is the Qualified Business Income Deduction?
(QBI)
Joseph D. Nunan Jr., who held this position from 1944 to 1947, was sentenced to 5 years in prison and fined $15,000 for tax fraud.
What is IRS Commissioner?