H&R Block Income Tax Course || Solved Correctly.
The IRS requires every tax preparer to have a valid __________? correct answers PTIN -
Preparer Tax Identification Number
What is a PTIN? correct answers Preparer Tax Identification Number
What is the due date for filing federal income tax? correct answers April 15th
What is U.S. income tax considered progressive? correct answers Because it taxes a larger
percentage of income in higher-income taxpayers than on lower-income taxpayers.
What does IRS stand for? correct answers Internal Revenue Service - enforces the Internal
Revenue Code
Who are the 5 categories of professionals that can practice before the IRS? correct answers
Attorneys, CPS's, Enrolled Agents, Enrolled Actuaries, Enrolled Retirement Plan Agents
What can a "Tax Preparer" do as far as representing a taxpayer? correct answers May represent a
taxpayer before revenue agents, customer service reps, or similar officers and employees of the
IRS, including Taxpayer Advocate Service, only during an examination, if the paid tax return
preparer signed the tax return or claim for refund that is under examination.
a paid "tax preparer" CANNOT correct answers -Represent a taxpayer before any of these IRS
officers: appeals, revenue, counsel, or similar officers and employees of the IRS.
-Provide tax advice other than advice necessary to prepare a return, a claim for refund, or other
document intended to be submitted to the IRS.
What is "Circular 230"? correct answers Regulations Governing Practice before the Internal
Revenue Service.
, What is "Circular 230", in greater detail? correct answers These rules require attorneys, those
qualified to practice as certified public accountants, enrolled agents, and other persons who
prepare tax returns and provide tax advice to conduct business with high ethical standards that
protect the taxpayers.
What is Form 1040? correct answers The current base form for individual income tax returns.
*In addition, numerous other forms and schedules are required to support the line entries on
these base forms.
What is Form 1040-SR? correct answers U.S. Tax Return for Seniors - Designed for taxpayers
aged 65 and over. Same rules apply to the regular 1040. Differences are line numbers and SR has
larger print.
Income + Additional Income - Adjustments to income = correct answers Adjusted Gross Income
(AGI)
Tax Preparers who expect to file 11 or more Form 1040's during a calendar year SHALL use....
correct answers IRS e-file (electronic filing). Only exception is if there is an exemption or
approved hardship waiver.
In Tax Law, there are two authorities, which are: correct answers Primary & Secondary
What is Primary Authority for tax issues? correct answers 1. Internal Revenue Code (IRC)
2. Regulations issued by the Treasury Department
3. Judicial Decisions
-Primary authority sources, as listed above in descending order of authority, are the highest
authority in determining the answers to tax-related questions.
What is Secondary Authority for tax issues? correct answers 1. Commentaries
2. Publications
3. Tax Periodicals
The IRS requires every tax preparer to have a valid __________? correct answers PTIN -
Preparer Tax Identification Number
What is a PTIN? correct answers Preparer Tax Identification Number
What is the due date for filing federal income tax? correct answers April 15th
What is U.S. income tax considered progressive? correct answers Because it taxes a larger
percentage of income in higher-income taxpayers than on lower-income taxpayers.
What does IRS stand for? correct answers Internal Revenue Service - enforces the Internal
Revenue Code
Who are the 5 categories of professionals that can practice before the IRS? correct answers
Attorneys, CPS's, Enrolled Agents, Enrolled Actuaries, Enrolled Retirement Plan Agents
What can a "Tax Preparer" do as far as representing a taxpayer? correct answers May represent a
taxpayer before revenue agents, customer service reps, or similar officers and employees of the
IRS, including Taxpayer Advocate Service, only during an examination, if the paid tax return
preparer signed the tax return or claim for refund that is under examination.
a paid "tax preparer" CANNOT correct answers -Represent a taxpayer before any of these IRS
officers: appeals, revenue, counsel, or similar officers and employees of the IRS.
-Provide tax advice other than advice necessary to prepare a return, a claim for refund, or other
document intended to be submitted to the IRS.
What is "Circular 230"? correct answers Regulations Governing Practice before the Internal
Revenue Service.
, What is "Circular 230", in greater detail? correct answers These rules require attorneys, those
qualified to practice as certified public accountants, enrolled agents, and other persons who
prepare tax returns and provide tax advice to conduct business with high ethical standards that
protect the taxpayers.
What is Form 1040? correct answers The current base form for individual income tax returns.
*In addition, numerous other forms and schedules are required to support the line entries on
these base forms.
What is Form 1040-SR? correct answers U.S. Tax Return for Seniors - Designed for taxpayers
aged 65 and over. Same rules apply to the regular 1040. Differences are line numbers and SR has
larger print.
Income + Additional Income - Adjustments to income = correct answers Adjusted Gross Income
(AGI)
Tax Preparers who expect to file 11 or more Form 1040's during a calendar year SHALL use....
correct answers IRS e-file (electronic filing). Only exception is if there is an exemption or
approved hardship waiver.
In Tax Law, there are two authorities, which are: correct answers Primary & Secondary
What is Primary Authority for tax issues? correct answers 1. Internal Revenue Code (IRC)
2. Regulations issued by the Treasury Department
3. Judicial Decisions
-Primary authority sources, as listed above in descending order of authority, are the highest
authority in determining the answers to tax-related questions.
What is Secondary Authority for tax issues? correct answers 1. Commentaries
2. Publications
3. Tax Periodicals
