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MARYLAND INDIVIDUAL TAX PREPARERS
EXAM (MARYLAND AND FEDERAL ONLY) |
FREQUENTLY TESTED QUESTIONS WITH
CORRECT ANSWERS | BRAND NEW!
MD Preparer Registration - ✔✔✔ correct answer > Required unless
CPA, EA, or attorney.
MD Nonresident - ✔✔✔ correct answer > Files Form 505 + 505NR for
MD-source income.
Local (County) Tax - ✔✔✔ correct answer > Applies to MD residents;
based on county rate.
Preparer - ✔✔✔ correct answer > Cannot Negotiate client's refund
check (illegal).
MD Resident Definition - ✔✔✔ correct answer > Domicile in Maryland
OR present 183+ days.
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MD Part-Year Resident - ✔✔✔ correct answer > Files Form 502 with
dates of residency.
Out-of-State Municipal Bond Interest - ✔✔✔ correct answer > MD
Addition (taxable).
U.S. Treasury Interest - ✔✔✔ correct answer > MD Subtraction (tax-
exempt).
Social Security - Maryland - ✔✔✔ correct answer > Fully exempt.
Maryland Pension Exclusion - ✔✔✔ correct answer > For age 65+ (or
disabled), qualified pension only.
Standard Deduction - Maryland - ✔✔✔ correct answer > 15% of MD AGI
with min/max limits.
Maryland Itemizing Rules - ✔✔✔ correct answer > Must itemize on MD
if itemizing federally; same structure but differences apply.
Personal Exemptions - Maryland - ✔✔✔ correct answer > Income-
based; up to $3,200 depending on AGI.
MARYLAND INDIVIDUAL TAX PREPARERS
EXAM (MARYLAND AND FEDERAL ONLY) |
FREQUENTLY TESTED QUESTIONS WITH
CORRECT ANSWERS | BRAND NEW!
MD Preparer Registration - ✔✔✔ correct answer > Required unless
CPA, EA, or attorney.
MD Nonresident - ✔✔✔ correct answer > Files Form 505 + 505NR for
MD-source income.
Local (County) Tax - ✔✔✔ correct answer > Applies to MD residents;
based on county rate.
Preparer - ✔✔✔ correct answer > Cannot Negotiate client's refund
check (illegal).
MD Resident Definition - ✔✔✔ correct answer > Domicile in Maryland
OR present 183+ days.
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MD Part-Year Resident - ✔✔✔ correct answer > Files Form 502 with
dates of residency.
Out-of-State Municipal Bond Interest - ✔✔✔ correct answer > MD
Addition (taxable).
U.S. Treasury Interest - ✔✔✔ correct answer > MD Subtraction (tax-
exempt).
Social Security - Maryland - ✔✔✔ correct answer > Fully exempt.
Maryland Pension Exclusion - ✔✔✔ correct answer > For age 65+ (or
disabled), qualified pension only.
Standard Deduction - Maryland - ✔✔✔ correct answer > 15% of MD AGI
with min/max limits.
Maryland Itemizing Rules - ✔✔✔ correct answer > Must itemize on MD
if itemizing federally; same structure but differences apply.
Personal Exemptions - Maryland - ✔✔✔ correct answer > Income-
based; up to $3,200 depending on AGI.
