VITA Final Exam 2023/2024 Questions with Correct Answers

True or False: Only volunteers who prepare and review tax returns are required to complete the Volunteer Standards of Conduct Training and certification. - CORRECT ANSWERFalse True or False: Volunteers are generally held liable for the tax returns they prepare at VITA/TCE sites - CORRECT ANSWERFalse True or False: Volunteers are not required to complete a return if they have concerns about the accuracy of information provided by the taxpayer or other concerns. - CORRECT ANSWERTrue True or False: Keith and Kathy are married with dependent children. They must be covered under the same policy or plan to satisfy the individual shared responsibility provision. - CORRECT ANSWERFalse True or False: Sandy is covered under health insurance offered by her spouse's employer; therefore, she has minimum essential coverage. - CORRECT ANSWERTrue Bob is 27 years old. No one can claim him as a dependent. His gross income was $17,000 during the tax year. Based only on this information, Bob is required to file a tax return. - CORRECT ANSWERTrue Individuals who are not required to file a tax return should file a return if they can claim the earned income credit. - CORRECT ANSWERTrue A driver's license can be used to verify a taxpayer's social security number and correct name spelling. - CORRECT ANSWERFalse Some taxpayers must use either Form 1040A or Form 1040EZ instead of Form 1040, depending on their specific tax requirements. - CORRECT ANSWERFalse Ryan and Julie were married on December 29. They should file as: - CORRECT ANSWERMarried Filing Jointly Anne's husband died on February 28, 2013. Anne has not remarried, but she has an 18-year-old dependent son. Anne's filing status should be: - CORRECT ANSWERQualifying Widow(er) with Dependent Child Tom's wife died on October 20, 2012. Tom has no dependents and has not remarried. Tom should file as: - CORRECT ANSWERSingle