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Mini's Tree
Old Age
Ahh-Retirement
123-ABC
Beer or Pubs
100
A client has an AGI of $100,000. What is the maximum allowable charitable contribution on Schedule A for the year?
What is $50,000 Limited to 50% of AGI
100
The age that creates exception to the 10% early distribution penalty for IRA's
What is 59 1/2
100
I am 50 years old on December 28th and will contribute this maximum amount to my IRA for the current year
What is $6,500 $5,500 +$1,000 if 50 or older
100
Everybody uses some form of this form
What is a 1040
100
Farmers Tax Guide
What is Pub 225
200
When a minister is "Dual-Status", it means for social security purposes they are considered to be this...
What is self-employed
200
Workers wishing to retire and collect full SS retirement benefits afforded to FRA must be this age in 2017
What is 66
200
Excess contributions to a ROTH IRA are subject to this % of penalty
What is 6% - same as Traditional IRA's and Non-Deductible IRA's
200
Land sales are reported on this form
What is a 1099-S
200
Bob Uecker Commercials
What is Miller Lite (1980's)
300
For purposes of paying federal income tax withholding, a minister could use either of these two forms
What is a 1040 ES or W-4.
300
The age that RMD's must begin
What is 70 1/2
300
Form 1099-R......Box 7.......Code Q
What is a Qualified Distribution from a ROTH IRA QF page 14-13
300
Farm Bureau grandfathered health insurance is reported to insured on this Form
What is a 1095-B
300
Tax Guide for Individuals
What is Pub 17
400
Excess parsonage allowance is considered to be income and should be reported appropriately in this manner
What is Form 1040 - Line 7
400
The first age at which Kidde Tax can never apply
What is 24 IRS rule is >23
400
I am 42 years old, single, and buying an MDAGE BMW with my traditional IRA. I am in the top of the 25% tax bracket. Pulling out $100,000 allows me to use this amount on my new toy.
What is What is $62,000 28% tax + 10% penalty The extra $100,000 changes the bracket
400
Foreign tax credits > $300 are reported on this Form
What is an 1116
400
The beer that made Milwaukee famous
What is Schlitz
500
Name 2 of 3 circumstances required to be fulfilled to be considered a Dual-Status employee
What is employed by church, performing ministerial services, and ordained by the church or "equivalent thereof"
500
The last age at which a 60 year old will be able to use any NOL carryforward generated this year
What is 80 NOL's may be carried forward 20 years
500
Use this "trick" to to avoid early distribution penalty on withdrawal from a 401(K) for current college tuition.
What is to first roll the 401(K) into an IRA, before drawing the money out.
500
AOC
What is Form 8863
500
For reference on questions regarding education credits
What is Pub 970