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1040
EXAMINATIONS
TAX COURT
TAXABLE INCOME
TAX & CREDITS
100
THE 1040 ITEM AFFECTS THE AMOUNT OF THE STANDARD DEDUCTION
What is FILING STATUS?
100
CERTAIN BLOOD RELATIVES WHO FULFILL AGE OR DISABILITY REQUIREMENTS AND LIVE WITH THE TAXPAYER FOR MORE THAN 1/2 YEAR.
What is A QUALIFYING CHILD?
100
THE DOCUMENT KNOWN BY TWO DIFFERENT NAMES THAT MUST BE ATTACHED TO THE TAX COURT PETITION FOR JURSIDICTIONAL PURPOSES.
What is THE NOTICE OF DEFICIENCY OR 90-DAY LETTER
100
MONEY EARNED IN DEPOSITED FUNDS.
WHAT IS INTEREST?
100
ITEMS ON THE 1040 THAT REDUCE THE TAX DOLLAR FOR DOLLAR DOWN TO ZERO.
WHAT ARE CREDITS?
200
THE 1040 ITEM THAT AFFECTS THE TOTAL EXEMPTIONS AMOUNT.
What is DEPENDENTS OR NUMBER OF DEPENDENTS?
200
IRS FREQUENTLY EXAMINES HEAD OF HOUSEHOLD FILING STATUS, DEPENDENT EXEMPTIONS, EARNED INCOME CREDIT AND THIS ITEM.
WHAT IS THE CHILD TAX CREDIT/ADDITIONAL CHILD TAX CREDIT?
200
THE IRS UNIT THAT SETTLES MOST TAX COURT CASES BEFORE REACHING IRS COUNSEL'S OFFICE.
What is APPEALS?
200
INCOME THAT MAY OR MAY NOT BE TAXABLE TO THE FREQUENT SURPRISE OF SENIORS AND DISABLED PERSONS.
WHAT ARE SOCIAL SECURITY PAYMENTS
200
ITEMS ON THE 1040 THAT REDUCE THE TAX DOLLAR FOR DOLLAR BELOW ZERO AND RESULTS IN A REFUND.
WHAT ARE REFUNDABLE CREDITS?
300
THE 1040 ITEM THAT CAN EITHER REDUCE THE TAX DOLLAR FOR DOLLAR OR RESULT IN A REFUND IF MORE THAN THE TAX.
WHAT ARE CREDITS?
300
A TYPE OF DEPENDENT WHO HAS LITTLE INCOME AND FOR WHOM THE TAXPAYER PAYS FOR MORE THAN 1/2 OF HER SUPPORT.
What is A QUALIFYING RELATIVE?
300
COMPENSATORY DAMAGES AWARDED TO PERSONS WHO SUFFER THIS TYPE OF HARM.
What are PHYSICAL INJURIES OR PHYSICAL SICKNESS?
300
TRADITIONALLY PAID BY EMPLOYERS TO EMPLOYEES UPON RETIREMENT AND ARE USUALLY TAXED FOR THE FIRST TIME UPON RECEIPT.
WHAT ARE PENSION PAYMENTS?
300
TYPE OF TAX THAT CALCULATED ON A SCHEDULE SE.
WHAT IS SELF-EMPLOYMENT TAX?
400
THE PORTION OF THE FICA TAX THAT AN EMPLOYEE PAYS.
WHAT IS 7.65%?
400
A 1040 SCHEDULE THAT IS FREQUENTLY THE SUBJECT OF EXAMS FOCUSING ON QUESTIONABLE CHARITABLE DONATIONS AND WORKPLACE DEDUCTIONS.
WHAT IS A SCHEDULE A?
400
AN INFORMAL EXCHANGE OF DISCOVERY OCCURS AT THIS MEETING WITH IRS COUNSEL.
WHAT IS THE BRANERTON CONFERENCE?
400
PAYMENTS MADE TO INDIVIDUALS WHO ARE OUT OF WORK AND ARE, TO THE SURPRISE OF SOME, TAXABLE.
WHAT ARE UNEMPLOYMENT INSURANCE BENEFITS?
400
ANOTHER TERM FOR "REFUND."
WHAT IS OVERPAYMENT?
500
AN INCOME ITEM THAT MAY BE TAXABLE IF ONE-HALF OF IT PLUS ALL OTHER INCOME IS GREATER THAN $25,000 FOR A SINGLE FILER.
WHAT ARE SOCIAL SECURITY PAYMENTS?
500
PRACTITIONERS MAY RELY ON THIS CASE WHERE AN INDEPENDENT CONTRACTOR CLEARLY HAD BUSINESS EXPENSES, BUT LACKS SUBSTANTIATION.
WHAT IS THE COHAN CASE?
500
PAYMENTS MADE FOR THE FINANCIAL BENEFIT OF A CHILD AND ARE NEITHER TAXABLE NOR DEDUCTIBLE.
WHAT ARE CHILD SUPPORT PAYMENTS?
500
INCREASE IN VALUE OF AN INVESTMENT THAT IS REALIZED WHEN SOLD.
WHAT IS A CAPITAL GAIN?
500
FOUR 1040 ITEMS AFFECTING WAGE EARNERS WITH CHILDREN THAT IRS FREQUENTLY EXAMINES AT THE SAME TIME.
WHAT ARE FILING STATUS (HOH); DEPENDENCY EXEMPTION; CHILD TAX CREDIT; EARNED INCOME CREDIT?