H&R Block Income Tax Course _ Study Guide
H&R&Block
ExamIncome
Review.pdf
Tax Course _ Study Guide & Exam Review.pdf Page 1 of 163
H&R Block Income Tax Course | Study
Guide & Exam Review
H&R Block Income Tax Course _ Study Guide
H&R&Block
ExamIncome
Review.pdf
Tax Course _ Study Guide & Exam Review.pdf Page 1 of 163
,H&R Block Income Tax Course.pdf H&R Block Income Tax Course.pdf Page 2 of 163
Circular 230
Regulations governing the practice of attorneys, certified 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.
H&R Block Income Tax Course.pdf H&R Block Income Tax Course.pdf Page 2 of 163
,H&R Block Income Tax Course.pdf H&R Block Income Tax Course.pdf Page 3 of 163
Noncompliance
Failure or refusal to comply with the tax code.
Privilege
Protection from being required to disclose confidential communications between two
parties, such as attorney and client.
Estimated Tax
The amount of tax a taxpayer expects to owe for the year after subtracting expected
amounts withheld and certain refundable credits.
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, H&R Block Income Tax Course.pdf H&R Block Income Tax Course.pdf Page 4 of 163
Estimated Tax Voucher
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 withholding, (2) the excess amount
over that withheld on income which is subject to withholding, and (3) his estimated self-
employment tax.
Exemption from Withholding
Status claimed on Form W-4 directing the employer not to withhold federal income taxes
from the employee.
Underpayment Penalty
If a taxpayer did not pay enough tax on a timely basis during the year, he may be required to
pay an underpayment penalty.
H&R Block Income Tax Course.pdf H&R Block Income Tax Course.pdf Page 4 of 163
H&R&Block
ExamIncome
Review.pdf
Tax Course _ Study Guide & Exam Review.pdf Page 1 of 163
H&R Block Income Tax Course | Study
Guide & Exam Review
H&R Block Income Tax Course _ Study Guide
H&R&Block
ExamIncome
Review.pdf
Tax Course _ Study Guide & Exam Review.pdf Page 1 of 163
,H&R Block Income Tax Course.pdf H&R Block Income Tax Course.pdf Page 2 of 163
Circular 230
Regulations governing the practice of attorneys, certified 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.
H&R Block Income Tax Course.pdf H&R Block Income Tax Course.pdf Page 2 of 163
,H&R Block Income Tax Course.pdf H&R Block Income Tax Course.pdf Page 3 of 163
Noncompliance
Failure or refusal to comply with the tax code.
Privilege
Protection from being required to disclose confidential communications between two
parties, such as attorney and client.
Estimated Tax
The amount of tax a taxpayer expects to owe for the year after subtracting expected
amounts withheld and certain refundable credits.
H&R Block Income Tax Course.pdf H&R Block Income Tax Course.pdf Page 3 of 163
, H&R Block Income Tax Course.pdf H&R Block Income Tax Course.pdf Page 4 of 163
Estimated Tax Voucher
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 withholding, (2) the excess amount
over that withheld on income which is subject to withholding, and (3) his estimated self-
employment tax.
Exemption from Withholding
Status claimed on Form W-4 directing the employer not to withhold federal income taxes
from the employee.
Underpayment Penalty
If a taxpayer did not pay enough tax on a timely basis during the year, he may be required to
pay an underpayment penalty.
H&R Block Income Tax Course.pdf H&R Block Income Tax Course.pdf Page 4 of 163
