VITA Advanced Exam (Latest Update) Questions and Verified Answers| 100% Correct| Grade A

VITA Advanced Exam (Latest Update) Questions and Verified Answers| 100% Correct| Grade A Q: During the intake process, the volunteer should verify the taxpayer (and/or spouse, if applicable) has photo identification. Additionally, taxpayers must provide verification of taxpayer identification numbers (SSN or ITIN) for everyone listed on the tax return. Answer: True Q: Mary, a VSC-certified greeter, reviews the taxpayer's completed Form 13614-C, page 2, to identify what potential volunteer certification level is needed for this tax return. Mary sees the taxpayer has checked the "yes" box indicating they have self-employment income and the certification level next to the question is (A). All other questions answered "yes" have a (B) certification. When Mary assigns the return to a tax preparer, what tax law certification level does the tax preparer need? Answer: Advanced Q: All IRS-certified volunteer preparers participating in the VITA/TCE programs must use Form 13614-C along with an effective interview for every return prepared at the site. Answer: True Q: What should the certified volunteer preparer do before starting the tax return? Answer: -Make sure all questions on Form 13614-C are answered -Change "Unsure" answers to "Yes" or "No" based on a conversation with the taxpayer. -Complete all applicable Certified Volunteer Preparer shaded-area questions on Form 13614-C. - All the Above <<< CORRECT Q: When reviewing Form 13614-C, you see the "Interest" question is marked "Yes" and the taxpayer gives you a Form 1099-INT. You should ask the taxpayer if they had any other interest income. Answer: True Q: VITA/TCE sites are required to conduct Quality Reviews: Answer: Of every return prepared at the site Q: You do not need to see proof of cash donations made by a taxpayer if you feel that the information is not unusual or questionable. Answer: True Q: In most cases a volunteer must review photo identification for every taxpayer(s) to deter the possibility of identity theft. Answer: True Q: When does the taxpayer sign the tax return? Answer: After quality review and after being advised of their responsibility for the accuracy of the information on the return.