Major sections of the 1040
What section of the 1040 includes the AGI?
Income section
In which line of the 1040 would the taxpayer claim Adjustments to Income?
Line 10
What section on the 1040 identifies the TP's names, filing status and dependents?
What is Entity?
Which form or schedule would one include when claiming the HSA deduction?
What is form 8889?
A qualifying person, for claiming the child and dependent care credit, must be the taxpayer’s dependent who is disabled or under what age?
What is 13?
When both boxes are checked in the Presidential Election Campaign section, how much does tax increase?
$0
What are the two parts of Schedule 1?
Additional income and Adjustments to Income
Which of the following does not appear in the Income section of a Form 1040 tax return?
Earned Income Credit
Qualified dividends
Wages
IRA distributions
Earned Income Credit is in the Payments section
When a TP is moving and an active member of the United States Armed Forces which form can be used to claim allowable expenses with the move that is a change of permanent active-duty station?
What is Form 3903?
A taxpayer received a Mortgage Credit Certificate when he purchased his home, which would allow him to take a tax credit for part of the interest paid on a mortgage loan.
Which form will the taxpayer use to claim the mortgage interest credit?
Form 8396
In what section of the 1040 do taxpayers declare the information contained in the tax return is true, correct, and complete to the best of their knowledge?
Signature Section with Jurat
What items are reported on Schedule 2?
Additional Taxes / Tax and Other Taxes
What section of the 1040 includes the taxpayer's routing and account numbers?
Refund section
What form is used to calculate the tax liability for children with unearned income of more than $2500?
What is form 8615?
What form do taxpayers use to report their portion of Social Security and Medicare taxes when employers mistakenly do not withhold them?
Form 8919
On the 2023 Form 1040, which Entity subsection addresses a taxpayer's involvement in transactions using a medium of exchange such as cryptocurrency?
Digital Assets
Schedule 3 is used to compute which lines of the 1040?
Lines 20 and 31
In the Standard Deduction section of the 2024 1040, how many boxes would be checked if one spouse was born on January 3, 1960 and is deaf and the other spouse is blind?
1 box (spouse is blind)
Which form is used to report a parent’s election to report their child’s interest and dividends on the parent’s return?
What is form 8814?
Which schedule do taxpayers use to report household employment taxes?
Schedule H
In which tax year does the 1040 not contain a checkbox for the taxpayer to indicate that they received any digital assets?
2019
If...
Line 16 = $500
Line 17 = $0
Line 19 = $0
Line 20 = $1,000
...what number would be on Line 22?
$0 (Line 22 cannot be less than zero)
If someone is authorized to discuss the tax return on TP's behalf, what section would the name be shown?
What is Third party Designee?
Which form or schedule would a taxpayer use if they wanted to figure their tax by averaging their current-year taxable income from the trade or business of farming or fishing over the previous 3 years?
What is Schedule J?
What schedule do taxpayers use to report the equivalent of Social Security and Medicate tax on income from their own business activities?
Schedule SE