H&R Block Income Tax Course (2025) Questions And Answers
Solved 100% Correct!!
Terms in this set (566)
Regulations governing the practice of attorneys, certified
Circular 230
public accountants, enrolled agents, enrolled
actuaries, and appraisers before the IRS.
Disclosure The release of tax information by an IRS employee.
Due Diligence Requirements that tax professionals must follow when preparing
income tax returns.
Noncompliance Failure or refusal to comply with the tax code.
Protection from being required to disclose confidential
Privilege
communications between two parties, such as
attorney and client.
The amount of tax a taxpayer expects to owe for the year
Estimated Tax
after subtracting expected amounts withheld and
certain refundable credits.
A statement by an individual of (1) the amount of income tax he
estimates he will
Estimated Tax Voucher incur during the current taxable year on income that is
not subject to withholding, (2) the excess amount over
that withheld on income which is subject to withholding,
and
(3) his estimated self-employment tax.
Status claimed on Form W-4 directing the employer
Exemption from Withholding
not to withhold federal income taxes from the
employee.
If a taxpayer did not pay enough tax on a timely basis
Underpayment Penalty
during the year, he may be required to pay an
underpayment penalty.
Withholding Allowances An increase by which income tax withholding on certain income is
reduced.
Two Ways to Pay as You Go Withholding and Estimated Tax Payments
Form W-4 Employee's Withholding Allowance Certificate
, Form 8815 Exclusion of Interest From Series EE and I U.S. Savings Bonds
Issued After 1989
Solved 100% Correct!!
Terms in this set (566)
Regulations governing the practice of attorneys, certified
Circular 230
public accountants, enrolled agents, enrolled
actuaries, and appraisers before the IRS.
Disclosure The release of tax information by an IRS employee.
Due Diligence Requirements that tax professionals must follow when preparing
income tax returns.
Noncompliance Failure or refusal to comply with the tax code.
Protection from being required to disclose confidential
Privilege
communications between two parties, such as
attorney and client.
The amount of tax a taxpayer expects to owe for the year
Estimated Tax
after subtracting expected amounts withheld and
certain refundable credits.
A statement by an individual of (1) the amount of income tax he
estimates he will
Estimated Tax Voucher incur during the current taxable year on income that is
not subject to withholding, (2) the excess amount over
that withheld on income which is subject to withholding,
and
(3) his estimated self-employment tax.
Status claimed on Form W-4 directing the employer
Exemption from Withholding
not to withhold federal income taxes from the
employee.
If a taxpayer did not pay enough tax on a timely basis
Underpayment Penalty
during the year, he may be required to pay an
underpayment penalty.
Withholding Allowances An increase by which income tax withholding on certain income is
reduced.
Two Ways to Pay as You Go Withholding and Estimated Tax Payments
Form W-4 Employee's Withholding Allowance Certificate
, Form 8815 Exclusion of Interest From Series EE and I U.S. Savings Bonds
Issued After 1989
