H&R Block Income Tax Course Completed 2024

H&R Block Income Tax Course Completed 2024 Circular 230 - answerRegulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. Disclosure - answerThe release of tax information by an IRS employee. Due Diligence - answerRequirements that tax professionals must follow when preparing income tax returns. Noncompliance - answerFailure or refusal to comply with the tax code. Privilege - answerProtection from being required to disclose confidential communications between two parties, such as attorney and client. Estimated Tax - answerThe amount of tax a taxpayer expects to owe for the year after subtracting expected amounts withheld and certain refundable credits. Estimated Tax Voucher - answerA 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 - answerStatus claimed on Form W-4 directing the employer not to withhold federal income taxes from the employee. Underpayment Penalty - answerIf a taxpayer did not pay enough tax on a timely basis during the year, he may be required to pay an underpayment penalty. Withholding Allowances - answerAn increase by which income tax withholding on certain income is reduced. Two Ways to Pay as You Go - answerWithholding and Estimated Tax Payments Form W-4 - answerEmployee's Withholding Allowance Certificate Form 8815 - answerExclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989 Form 2210 - answerUnderpayment of Estimated Tax by Individuals, Estates, and Trusts