VITA ADVANCED RETAKE TEST
2. Failure of a VITA/TCE volunteer to conform with the Volunteer Standards of Conduct ought to
bring about which of the subsequent? - ANS-a. The volunteer's removal from the VITA/TCE
program.
B. The volunteer's inclusion in the IRS Volunteer Registry to bar future VITA/TCE activity
indefinitely.
C. Termination of the sponsoring agency's partnership with the IRS.
D. All of the above can be taken into consideration the precise motion relying on the type of
violation and the sponsoring business enterprise's corrective actions. <<< CORRECT
2. Mary is a qualifying baby for the earned profits credit score. - ANS-True
-Chris meets all EIC requirements.
-Mary passes all four tests for qualifying infant.
-Nobody else is claiming Mary as a qualifying child.
2. The certified volunteer preparer ought to verify the return is within their certification level as
part of the Intake/Interview technique. - ANS-True
three. All of Chris's unemployment compensation is taxable. - ANS-True
$1,800 unemployment earnings (100% in 2022).
3. Is having a donation/tip jar on the best evaluate station in the VITA/TCE site a contravention
of the Volunteer Standards of Conduct? - ANS-Yes
3. When reviewing Form 13614-C, you spot the "Interest" query is marked "Yes" and the
taxpayer offers you a Form 1099-INT. What need to you do subsequent? - ANS-Ask the
taxpayer if they had every other hobby income.
4. Maggie desires her tax refund quickly; however, she doesn't have a financial institution
account for direct deposit. She asks Josh, the tax law-licensed preparer, to deposit her refund
into his checking account and flip the price range over to her when acquired. If Josh concurs to
do that, has he violated any of the Volunteer Standards of Conduct? - ANS-Yes
four. The most quantity Adam and Lisa are eligible to claim for the Child Tax Credit is $4,000. -
ANS-False
, $2,000 is the max quantity in 2022.
Four. VITA/TCE sites are required to behavior exceptional opinions of each go back organized
at the web page. - ANS-True
5. A taxpayer tells you that they donated $50 to their church however they did not carry proof of
the donation. This data at the side of all other information collected all through your interview
does now not appear unusual or questionable.
As a tax preparer, you need to: - ANS-Prepare the go back giving credit for the donation without
seeing evidence.
Five. Pat is a paid tax preparer inside the network; he additionally offers returned to the
community by serving as an IRS tax regulation-certified volunteer tax preparer at a VITA/TCE
web site. While undertaking the interview with the taxpayer, Pat discovers the taxpayer's small
enterprise will generate a loss, making the return out of scope for the VITA/TCE software. Pat
explains to the taxpayer that the tax return can not be organized at the VITA/TCE website
online, however he's going to offer the taxpayer a discount at his paid tax education enterprise
down the street. Did Pat violate the Volunteer Standards of Conduct (VSC)? - ANS-Yes, it's
miles a contravention of the VSC for Pat to solicit enterprise from any taxpayer on the
VITA/TCE website.
Five. Payments made to Luis can be claimed on Form 2441 as infant and based care prices. -
ANS-False
-Luis isn't always underneath thirteen years antique.
6. Ann, an IRS tax regulation-certified tax preparer, told the taxpayer that money profits does not
need to be reported due to the fact the IRS will never recognise about it. Ann indicated NO cash
income on Form 13614-C. Ann organized the go back with out the cash earnings. The particular
nice reviewer was unaware of the verbal exchange and therefore unaware of the coins earnings
and the go back was printed, signed, and e-filed. Did the unique first-class reviewer violate the
Volunteer Standards of Conduct? - ANS-No
6. Jenny can consist of her mother's contribution on Form 8889, Part 1. - ANS-True
-Entered on-line 2.
6. What records have to a volunteer assessment to discourage the possibility of identification
theft? - ANS-Photo identity.
7. Jan, a greeter, overheard an IRS tax law-certified volunteer, Jim, looking to sell coverage to a
taxpayer he was helping. Jim is an insurance agent within the community. Jan looks like Jim
changed into pushy, made the taxpayer uncomfortable, and violated Volunteer Standard of
2. Failure of a VITA/TCE volunteer to conform with the Volunteer Standards of Conduct ought to
bring about which of the subsequent? - ANS-a. The volunteer's removal from the VITA/TCE
program.
B. The volunteer's inclusion in the IRS Volunteer Registry to bar future VITA/TCE activity
indefinitely.
C. Termination of the sponsoring agency's partnership with the IRS.
D. All of the above can be taken into consideration the precise motion relying on the type of
violation and the sponsoring business enterprise's corrective actions. <<< CORRECT
2. Mary is a qualifying baby for the earned profits credit score. - ANS-True
-Chris meets all EIC requirements.
-Mary passes all four tests for qualifying infant.
-Nobody else is claiming Mary as a qualifying child.
2. The certified volunteer preparer ought to verify the return is within their certification level as
part of the Intake/Interview technique. - ANS-True
three. All of Chris's unemployment compensation is taxable. - ANS-True
$1,800 unemployment earnings (100% in 2022).
3. Is having a donation/tip jar on the best evaluate station in the VITA/TCE site a contravention
of the Volunteer Standards of Conduct? - ANS-Yes
3. When reviewing Form 13614-C, you spot the "Interest" query is marked "Yes" and the
taxpayer offers you a Form 1099-INT. What need to you do subsequent? - ANS-Ask the
taxpayer if they had every other hobby income.
4. Maggie desires her tax refund quickly; however, she doesn't have a financial institution
account for direct deposit. She asks Josh, the tax law-licensed preparer, to deposit her refund
into his checking account and flip the price range over to her when acquired. If Josh concurs to
do that, has he violated any of the Volunteer Standards of Conduct? - ANS-Yes
four. The most quantity Adam and Lisa are eligible to claim for the Child Tax Credit is $4,000. -
ANS-False
, $2,000 is the max quantity in 2022.
Four. VITA/TCE sites are required to behavior exceptional opinions of each go back organized
at the web page. - ANS-True
5. A taxpayer tells you that they donated $50 to their church however they did not carry proof of
the donation. This data at the side of all other information collected all through your interview
does now not appear unusual or questionable.
As a tax preparer, you need to: - ANS-Prepare the go back giving credit for the donation without
seeing evidence.
Five. Pat is a paid tax preparer inside the network; he additionally offers returned to the
community by serving as an IRS tax regulation-certified volunteer tax preparer at a VITA/TCE
web site. While undertaking the interview with the taxpayer, Pat discovers the taxpayer's small
enterprise will generate a loss, making the return out of scope for the VITA/TCE software. Pat
explains to the taxpayer that the tax return can not be organized at the VITA/TCE website
online, however he's going to offer the taxpayer a discount at his paid tax education enterprise
down the street. Did Pat violate the Volunteer Standards of Conduct (VSC)? - ANS-Yes, it's
miles a contravention of the VSC for Pat to solicit enterprise from any taxpayer on the
VITA/TCE website.
Five. Payments made to Luis can be claimed on Form 2441 as infant and based care prices. -
ANS-False
-Luis isn't always underneath thirteen years antique.
6. Ann, an IRS tax regulation-certified tax preparer, told the taxpayer that money profits does not
need to be reported due to the fact the IRS will never recognise about it. Ann indicated NO cash
income on Form 13614-C. Ann organized the go back with out the cash earnings. The particular
nice reviewer was unaware of the verbal exchange and therefore unaware of the coins earnings
and the go back was printed, signed, and e-filed. Did the unique first-class reviewer violate the
Volunteer Standards of Conduct? - ANS-No
6. Jenny can consist of her mother's contribution on Form 8889, Part 1. - ANS-True
-Entered on-line 2.
6. What records have to a volunteer assessment to discourage the possibility of identification
theft? - ANS-Photo identity.
7. Jan, a greeter, overheard an IRS tax law-certified volunteer, Jim, looking to sell coverage to a
taxpayer he was helping. Jim is an insurance agent within the community. Jan looks like Jim
changed into pushy, made the taxpayer uncomfortable, and violated Volunteer Standard of
