Tax Preparer Ethics Final Exam
Graded A+ (Verified)
A practitioner may not perform any official act as a notary public with respect to any
mater administration by IRS in which they are any way interested. In which of the
following situations would a practitioner be allowed to notarize a tax payers documents?
A. Notarizing a financial power of attorney for a client to be able to access a parent's
bank account which taxpayers parent is living in an assisted living facility?
B. Notarizing documents that are true copies to be attached to W2 application for an
ITIN
C.Notarizing a statement made by client that is submitted to IRS as part of request for
information
D. None of the above - ANSWER-NOT D or B...idk ;(
A tax return preparer may receive the tax preparation fee in all the following EXCEPT -
ANSWER-Using form 8888 direct deposit in multiple accounts
California requires tax return preparers to meet all the requirements below except? -
ANSWER-C. Provide his or her home address to each customer.
Circular 230 covers all of the following except? - ANSWER-Unenrolled agents
To renew a tax preparer registration each individual must complete a minimum of? -
ANSWER-20 hours of acceptable continuing education.
Under Circular 230 a practitioner must exercise due diligence in preparing tax returns.
which would include all of the following except? - ANSWER-Not relying on the work of
others.
Under section 10.30 of Circular 230, how long must published fee information stay in
affect from date of last publication? - ANSWER-30 days
When determining relevant facts, a tax professional should develop a process to review
the information provided by the client. The process should include which of the
following? - ANSWER-All of the above.
Which are the most common types of identity theft as it pertains to tax preparation? -
ANSWER-Using another's social security number AND refund theft.
Which of the following are NOT exempt from registration with the CTEC? - ANSWER-
None of the above.
Which of the following statements is not true.
Graded A+ (Verified)
A practitioner may not perform any official act as a notary public with respect to any
mater administration by IRS in which they are any way interested. In which of the
following situations would a practitioner be allowed to notarize a tax payers documents?
A. Notarizing a financial power of attorney for a client to be able to access a parent's
bank account which taxpayers parent is living in an assisted living facility?
B. Notarizing documents that are true copies to be attached to W2 application for an
ITIN
C.Notarizing a statement made by client that is submitted to IRS as part of request for
information
D. None of the above - ANSWER-NOT D or B...idk ;(
A tax return preparer may receive the tax preparation fee in all the following EXCEPT -
ANSWER-Using form 8888 direct deposit in multiple accounts
California requires tax return preparers to meet all the requirements below except? -
ANSWER-C. Provide his or her home address to each customer.
Circular 230 covers all of the following except? - ANSWER-Unenrolled agents
To renew a tax preparer registration each individual must complete a minimum of? -
ANSWER-20 hours of acceptable continuing education.
Under Circular 230 a practitioner must exercise due diligence in preparing tax returns.
which would include all of the following except? - ANSWER-Not relying on the work of
others.
Under section 10.30 of Circular 230, how long must published fee information stay in
affect from date of last publication? - ANSWER-30 days
When determining relevant facts, a tax professional should develop a process to review
the information provided by the client. The process should include which of the
following? - ANSWER-All of the above.
Which are the most common types of identity theft as it pertains to tax preparation? -
ANSWER-Using another's social security number AND refund theft.
Which of the following are NOT exempt from registration with the CTEC? - ANSWER-
None of the above.
Which of the following statements is not true.
