UPDATE/PRACTICE QUESTIONS AND CORRECT
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Terms in this set (566)
Regulations governing the practice of attorneys,
Circular 230 certified public accountants, enrolled agents,
enrolled actuaries, and appraisers before the IRS.
Disclosure The release of tax information by an IRS employee.
Requirements that tax professionals must follow
Due Diligence
when preparing income tax returns.
Noncompliance Failure or refusal to comply with the tax code.
Protection from being required to disclose
Privilege confidential communications between two parties,
such as attorney and client.
The amount of tax a taxpayer expects to owe for the
Estimated Tax year 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 incur during the
current taxable year on income that is not subject to
Estimated Tax Voucher
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
not to withhold federal income taxes from the
Withholding
employee.
If a taxpayer did not pay enough tax on a timely
Underpayment Penalty basis during the year, he may be required to pay an
underpayment penalty.
An increase by which income tax withholding on
Withholding Allowances
certain income is reduced.
Two Ways to Pay as You Withholding and Estimated Tax Payments
Go
Form W-4 Employee's Withholding Allowance Certificate
Exclusion of Interest From Series EE and I U.S.
Form 8815
Savings Bonds Issued After 1989
Underpayment of Estimated Tax by Individuals,
Form 2210
Estates, and Trusts
Application for Automatic Extension of Time To File
Form 4868
U.S. Individual Income Tax Return
Form 8888 Allocation of Refund
Form 9465 Installment Agreement Request
A tax return filed on Form 1040X after the original
Amended Return
return has been filed.
A tax year for which the statute of limitations has
Closed Year
expired.