VITA Guías de estudio, Notas de estudios & Resúmenes

1. Hans entered the U.S. on December 15, 2012 in F-1 immigration status. He had never been to the United States before and he did not change immigration status during 2017. For federal income tax purposes, Hans is a nonresident alien for 2017. - False (Correct0 2. Abshir is a visiting professor at the local university. Abshir was a graduate student from August 2011 to July 2013 in F-1 immigration status. He re-entered the United States on December 20, 2016 in J-1 immigration status. For fed...

VITA Advanced Exam (Latest Update) Questions and Verified Answers| 100% Correct| Grade A Q: During the intake process, the volunteer should verify the taxpayer (and/or spouse, if applicable) has photo identification. Additionally, taxpayers must provide verification of taxpayer identification numbers (SSN or ITIN) for everyone listed on the tax return. Answer: True Q: Mary, a VSC-certified greeter, reviews the taxpayer's completed Form 13614-C, page 2, to identify what potential ...

1. Which volunteers must pass the Volunteer Standards of Conduct (VSC) certification test? All VITA/TCE site volunteers must pass the VSC certification test 2. Failure of a VITA/TCE volunteer to comply with the Volunteer Standards of Conduct could result in which of the following? a. The volunteer's removal from the VITA/TCE program. b. The volunteer's inclusion in the IRS Volunteer Registry to bar future VITA/TCE activity indefinitely. c. Termination of the sponsoring organization's partn...

Jeff does not have to make a shared responsibility payment because he was covered by a health insurance plan through his employer for the full tax year.TRUE Linda must make a shared responsibility payment because she did not have qualified healthcare coverage all yearFALSE David is Ava's qualifying child for the earned income credit.TRUE David is a qualifying person for Ava to claim Head of Household filing status, credit for other dependents and the education credit.TRUE Ellen's standard ...

1. Rebecca's most beneficial allowable filing status is Head of Household. false 2. Rebecca has $_______ in qualifying child care expenses for the child and dependent care credit.. 2500 3. Pat and Terri are only eligible to claim the child tax credit on their 2020 tax return. false 4. The taxable amount of Pat's unemployment compensation is $_________? 3300 5. Medicaid waiver payments can be considered earned income for the computation of the earned income credit. true 6. Andrew's HSA de...

Prior to working at a VITA/TCE site, ALL VITA/TCE volunteers (greeters, clients, facilitators, tax preparers, quality reviewers, etc.) must: Annually pass the volunteer standards of conduct (VSC) certification test with a score of 80% or higher and sign and date the form 13615, volunteer standards of conduct agreement agreeing to comply with the VSC by upholding the highest ethical standards Can a volunteer be removed and barred from the VITA/TCE program for violating the Volunteer Standards of...

What is the most beneficial filing status allowable for Rebecca? a. Single b. Married filing jointly c. Head of Household d. Qualifying Widow(er) Qualifying Widow(er) T or F: Rebecca has $3,100 in qualifying child care expenses for the child and dependent care credit False Pat and Terry are eligible for which of the following credits? Select the best answer a. Credit for other dependents b. Child tax credit c. Earned income credit d. Both a and b Both a and b - Credit for other dependents - Ch...

-Jeff and Linda got married in December of 2018. They are both U.S. citizens with valid Social Security numbers. They do not elect to file a joint return for 2018. -Jeff worked all year and received wages of $32,000. He received full health insurance coverage from his employer all year. -Linda worked part-time at a book store January through September. She earned $9,000 for the year. In November, she started working at the library. She had health insurance through her employers, except for the m...

Which of the following is a violation of the Volunteer Standards of Conduct? a . Knowingly preparing a false tax return b . Having a donation/tip jar in the taxpayer waiting area at the site c . Using taxpayer's personal information to ask for a date d. All of the above d. All of the above Which volunteers must take Volunteer Standards of Conduct training and test? a . Site Coordinators/Local Coordinators b. Quality Reviewers and tax return preparers c . Greeters d. All VITA/TCE volunteers d. ...

To ensure quality service and accurate return preparation, every site is required to have a process for assigning taxpayers to IRS tax law-certified preparers who are certified at or above the level required to prepare their tax return. a. True b. False a. True During the intake process, which of the following should the volunteer verify that the taxpayer and spouse, if applicable, have with them to ensure the taxpayers can be served that day? a. Photo identification for both b. Social Security...

(Calvin) which of the following statements is correct calvin must claim 0 exemptions, because his parents can claim him as a dependent on their tax return (yes) (Calvin) Using publication 4012, is Calvin required to file a tax return? yes (yes) (Dana) Dana's most advantageous allowable filing status is: head of household (yes) Both Dana and Tom have qualifying health insurance coverage (also known as minimum essential coverage) as defined under the Affordable Care Act true (yes) (Julia) Jul...

Calvin has qualifying health insurance coverage (also known as minimum essential coverage) as defined under the Affordable Care Act. True Calvin and Betty may need to make a shared responsibility payment on their joint return if they don't qualify for an exemption. True Who can claim the American opportunity credit? Dana can claim the credit because Tom is her dependent. Dana's most advantageous allowable filing status is: Head of Household Who can Bob claim as a qualifying child(ren) for ...