AFIP Basic Certification Study Guide Questions
and Answers New Update 2025 Grade A+(100%
Correct)
3rd Party Warranty Co.
1. Dealer would record, "no dealer warranty."
2. Check the box for "other used vehicle warranty."
The max penalty for violating the Used Car Rule
$43972
What is considered cash?
1. cashier's check
2. Bank draft
3. Travelers check
4. money order
5. with a fact amount of less than $10k paid on a car costing more than $10k
6. Anything that represents cleared funds is not considered cash.
,Buy Here Pay Here Dealer
total amount received in a 12 month period that exceeds $10k cash
, Standard for related purchase
total amt received in a 24 hour period
Tax Payer ID number
1. SSN
2. Individual Taxpayer Number (ITN)
3. Employer ID Number (EIDN)
Suspension Transaction
1. Don't tell them that you are going to fill out the form, even if they ask.
2. You don't send a letter to the customer
Non-Resident Alien
1. DL
2. Passport Number
Penalty for negligent failure- Tax form
$270
and Answers New Update 2025 Grade A+(100%
Correct)
3rd Party Warranty Co.
1. Dealer would record, "no dealer warranty."
2. Check the box for "other used vehicle warranty."
The max penalty for violating the Used Car Rule
$43972
What is considered cash?
1. cashier's check
2. Bank draft
3. Travelers check
4. money order
5. with a fact amount of less than $10k paid on a car costing more than $10k
6. Anything that represents cleared funds is not considered cash.
,Buy Here Pay Here Dealer
total amount received in a 12 month period that exceeds $10k cash
, Standard for related purchase
total amt received in a 24 hour period
Tax Payer ID number
1. SSN
2. Individual Taxpayer Number (ITN)
3. Employer ID Number (EIDN)
Suspension Transaction
1. Don't tell them that you are going to fill out the form, even if they ask.
2. You don't send a letter to the customer
Non-Resident Alien
1. DL
2. Passport Number
Penalty for negligent failure- Tax form
$270
