Forms
This form reports income for independent contractors.
Form 1099
True or False: You can deduct 100% of client meals.
False
The deadline for individual returns (Form 1040) is this date.
April 15th
How long does the IRS typically have to audit an individual return?
3 years
A client says, “I never got my refund.” What’s your next step?
Check IRS “Where’s My Refund” tool or verify bank info
This form authorizes an e-file signature.
Form 8879
Expenses that help you earn business income are called ________.
Business Expenses
Extensions typically give how many extra months?
6 Months
True or False: The IRS never contacts you by text or social media.
True
A self-employed client wants to deduct car payments. What do you tell them?
Car payments are not deductible — only mileage or business % use
What form do you file to amend an individual tax return?
Form 1040X
What form must be attached to claim education credits?
Form 8863
W-2s and 1099s must be sent to workers by what date?
January 31st
Your personal tax identification number is called what?
SSN or ITIN
A client insists their friend’s dependent qualifies. What do you check?
IRS dependent qualification test
Which schedule reports interest and dividend income?
Form Schedule B
What is the difference between refundable and nonrefundable credits?
Refundable can exceed tax liability; nonrefundable cannot
Partnerships (1065) and S-Corps (1120-S) are due this month.
March 15th
What is the statute of limitations for filing an amended return for refund?
3 years from filing date or 2 years from payment, whichever is later
A client wants to claim a dependent who has an ITIN and earned income. What must you verify?
That they meet residency and relationship requirements
Which form reconciles advance payments of the Premium Tax Credit from the Marketplace?
Form 8962
Which medical expenses are deductible on Schedule A?
Those exceeding 7.5% of AGI
What is the due date for Form 4868 extension requests?
April 15 (original due date of return)
How many years does the IRS have to collect unpaid taxes after assessment?
10 years (collection statute expiration)
A client’s EITC was denied last year. What must they do before claiming it again?
File Form 8862 to recertify eligibility