H&R Block Specialist Test 2026 || Most Recent Exam
2026-2027 Actual Complete Real Exam Questions
And Correct Answers (Verified Answers) Already
Graded A+ | Guaranteed Success!! Just Released |
Brand New Exam!!
What portion of a scholarship is taxable to a degree
candidate attending an
eligible institution? -
ANSWERS-A. All
B.
None
C. The portion used to pay for non-qualified
expenses
D. The portion used to pay for qualified
expenses
Answer:
C
A refundable credit reduces the taxpayer's
___________________. - ANSWERS-
A. Income before determining
tax liability
B. Tax liability, and may even exceed the tax liability
C. Income before determining tax liability, and may even
increase the refund
D. Tax liability, but may not exceed the tax liability
,Answer: B
Which of the following is NOT a recovery period under Modified
Accelerated Cost Recovery System (MACRS)? - ANSWERS-A.
7yrs.
B. 10 yrs.
C. 12 yrs.
D. 15
yrs.
Answer: C
Calvin purchased a new office desk on July 23, 2018, at a cost
of $2,373. He did not claim the bonus depreciation deduction.
Using the half-year conversion,
Calvin may claim 2018 depreciation in the amount of
_________________. - ANSWERS-A. $237
B. $339
C. $475
D.
$791
Answer: B
Michael purchased a new office computer system on January
23, 2018, at a cost of $3,791. He does not want to claim bonus
depreciation. Using the halfyear convention, the amount
Michael may claim for depreciation in 2018 is
_______________. - ANSWERS-A. $316
B. $542
, C. $663
D.
$758
Answer: D
Penny informs her Tax Pro that she is still married but does not
currently live with her spouse. Penny maintains a home for her
9 yr. old daughter, Charlotte, who lived with Penny all yr. Penny
would like to file as head of household and claim the Earned
Income Credit as well as the Child Tax Credit on her 2018
return. Choose the option that best represents a question
Penny's Tax Pro should ask during the tax interview. -
ANSWERS-A. What is your spouse's AGI? B. Did your spouse
live with you during the first six months of the yr.?
C. Did your spouse live with you in the last six months of the
tax yr.?
D. Is your spouse employed?
Answer: C
Zahra, a self-employed, single taxpayer, reports all her income
on SCH C.
During the tax interview, her Tax Pro determines that Zahra may
qualify for the Earned Income Credit. To confirm her eligibility
for this credit, the Tax Pro should _____________. - ANSWERS-
A. Accept Zahra's statement of expenses with no additional
questions asked
B. Explained to Zahra that she must report all her business
income and expenses
C. Ignore items that might reduce Zahra's refund
2026-2027 Actual Complete Real Exam Questions
And Correct Answers (Verified Answers) Already
Graded A+ | Guaranteed Success!! Just Released |
Brand New Exam!!
What portion of a scholarship is taxable to a degree
candidate attending an
eligible institution? -
ANSWERS-A. All
B.
None
C. The portion used to pay for non-qualified
expenses
D. The portion used to pay for qualified
expenses
Answer:
C
A refundable credit reduces the taxpayer's
___________________. - ANSWERS-
A. Income before determining
tax liability
B. Tax liability, and may even exceed the tax liability
C. Income before determining tax liability, and may even
increase the refund
D. Tax liability, but may not exceed the tax liability
,Answer: B
Which of the following is NOT a recovery period under Modified
Accelerated Cost Recovery System (MACRS)? - ANSWERS-A.
7yrs.
B. 10 yrs.
C. 12 yrs.
D. 15
yrs.
Answer: C
Calvin purchased a new office desk on July 23, 2018, at a cost
of $2,373. He did not claim the bonus depreciation deduction.
Using the half-year conversion,
Calvin may claim 2018 depreciation in the amount of
_________________. - ANSWERS-A. $237
B. $339
C. $475
D.
$791
Answer: B
Michael purchased a new office computer system on January
23, 2018, at a cost of $3,791. He does not want to claim bonus
depreciation. Using the halfyear convention, the amount
Michael may claim for depreciation in 2018 is
_______________. - ANSWERS-A. $316
B. $542
, C. $663
D.
$758
Answer: D
Penny informs her Tax Pro that she is still married but does not
currently live with her spouse. Penny maintains a home for her
9 yr. old daughter, Charlotte, who lived with Penny all yr. Penny
would like to file as head of household and claim the Earned
Income Credit as well as the Child Tax Credit on her 2018
return. Choose the option that best represents a question
Penny's Tax Pro should ask during the tax interview. -
ANSWERS-A. What is your spouse's AGI? B. Did your spouse
live with you during the first six months of the yr.?
C. Did your spouse live with you in the last six months of the
tax yr.?
D. Is your spouse employed?
Answer: C
Zahra, a self-employed, single taxpayer, reports all her income
on SCH C.
During the tax interview, her Tax Pro determines that Zahra may
qualify for the Earned Income Credit. To confirm her eligibility
for this credit, the Tax Pro should _____________. - ANSWERS-
A. Accept Zahra's statement of expenses with no additional
questions asked
B. Explained to Zahra that she must report all her business
income and expenses
C. Ignore items that might reduce Zahra's refund
