INTUIT TAX CERTIFICATION LEVEL 1 EXAM
SCRIPT 2026 FULL SOLUTIONS AND CORRECT
ANSWERS ALREADY PASSED
◉ Schedule 2 (Form 1040) Answer: additional taxes
◉ Schedule 3 (Form 1040) Answer: Additional Credits and
Payments
◉ Schedule A (Form 1040) Answer: itemized deductions
◉ Schedule B (Form 1040) Answer: Interest and Ordinary Dividends
◉ Schedule D form 1040 Answer: Capital Gains and Losses
◉ Schedule C (Form 1040) Answer: Profit or Loss from Business
(Sole Proprietorship)
◉ Schedule SE (Form 1040) Answer: self employment tax (SS tax)
,◉ Schedule E (Form 1040) Answer: Supplemental Income and Loss
(From rental real estate, royalties, partnerships, S corporations,
estates, trusts, REMICs, etc.)
◉ Schedule EIC (Form 1040) Answer: Earned Income Credit for a
qualifying child
◉ Schedule 8812 (Form 1040) Answer: Additional child tax credit;
refundable credit received if child tax credit is greater than total
amount of income taxes owed
◉ Three conditions to not pay estimated tax for current year
Answer: 1. They had no tax liability for prior year
2. They were a U.S citizen or resident alien for the whole year
3. Prior tax year covered 12 months
◉ Form 2210 Answer: Underpayment of Estimated Tax by
Individuals, Estates, and Trusts
◉ Linda, a US resident and sole proprietor, expects that she will owe
$2500 and taxes for the current year. According to the IRS
guidelines, which is true about Linda's estimated tax payments?
Answer: Linda must make estimated tax payments for the current
year since her expected tax liability is $2500 or more
, ◉ How to request an extension on taxes Answer: - online payment
option and check the box
- File Form 4868 by mail or tax professional
- using free file function
◉ Variations of form 1040 Answer: Form 1040
Form 1040-SR: senior taxpayers
Form 1040-NR: non-U.S citizens
Form 1040-X: amending their tax returns after filing Form 1040
◉ Filing status is used to determine Answer: Filing requirements
Standard deduction
Eligibility for certain credits
Correct tax
◉ Five filing statuses Answer: (1) Single
(2) Married Filing Jointly
(3) Married Filing Separately
(4) Head of Household
(5) Qualifying surviving spouse
SCRIPT 2026 FULL SOLUTIONS AND CORRECT
ANSWERS ALREADY PASSED
◉ Schedule 2 (Form 1040) Answer: additional taxes
◉ Schedule 3 (Form 1040) Answer: Additional Credits and
Payments
◉ Schedule A (Form 1040) Answer: itemized deductions
◉ Schedule B (Form 1040) Answer: Interest and Ordinary Dividends
◉ Schedule D form 1040 Answer: Capital Gains and Losses
◉ Schedule C (Form 1040) Answer: Profit or Loss from Business
(Sole Proprietorship)
◉ Schedule SE (Form 1040) Answer: self employment tax (SS tax)
,◉ Schedule E (Form 1040) Answer: Supplemental Income and Loss
(From rental real estate, royalties, partnerships, S corporations,
estates, trusts, REMICs, etc.)
◉ Schedule EIC (Form 1040) Answer: Earned Income Credit for a
qualifying child
◉ Schedule 8812 (Form 1040) Answer: Additional child tax credit;
refundable credit received if child tax credit is greater than total
amount of income taxes owed
◉ Three conditions to not pay estimated tax for current year
Answer: 1. They had no tax liability for prior year
2. They were a U.S citizen or resident alien for the whole year
3. Prior tax year covered 12 months
◉ Form 2210 Answer: Underpayment of Estimated Tax by
Individuals, Estates, and Trusts
◉ Linda, a US resident and sole proprietor, expects that she will owe
$2500 and taxes for the current year. According to the IRS
guidelines, which is true about Linda's estimated tax payments?
Answer: Linda must make estimated tax payments for the current
year since her expected tax liability is $2500 or more
, ◉ How to request an extension on taxes Answer: - online payment
option and check the box
- File Form 4868 by mail or tax professional
- using free file function
◉ Variations of form 1040 Answer: Form 1040
Form 1040-SR: senior taxpayers
Form 1040-NR: non-U.S citizens
Form 1040-X: amending their tax returns after filing Form 1040
◉ Filing status is used to determine Answer: Filing requirements
Standard deduction
Eligibility for certain credits
Correct tax
◉ Five filing statuses Answer: (1) Single
(2) Married Filing Jointly
(3) Married Filing Separately
(4) Head of Household
(5) Qualifying surviving spouse
