H&R Block Income Tax Course Questions And Answers

H&R Block Income Tax Course
Questions And Answers.



The IRS requires every tax preparer to have a valid __________? - (correct
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answer) -PTIN - Preparer Tax Identification Number
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What is a PTIN? - (correct answer) -Preparer Tax Identification Number
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What is the due date for filing federal income tax? - (correct answer) -April
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15th
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What is U.S. income tax considered progressive? - (correct answer) -Because it
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taxes a larger percentage of income in higher-income taxpayers than on lower-
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income taxpayers. n/




What does IRS stand for? - (correct answer) -Internal Revenue Service -
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enforces the Internal Revenue Code
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Who are the 5 categories of professionals that can practice before the IRS? -
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(correct answer) -Attorneys, CPS's, Enrolled Agents, Enrolled Actuaries,
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Enrolled Retirement Plan Agents
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What can a "Tax Preparer" do as far as representing a taxpayer? - (correct
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answer) -May represent a taxpayer before revenue agents, customer service
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reps, or similar officers and employees of the IRS, including Taxpayer Advocate
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Service, only during an examination, if the paid tax return preparer signed the
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tax return or claim for refund that is under examination.
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a paid "tax preparer" CANNOT - (correct answer) --Represent a taxpayer before
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any of these IRS officers: appeals, revenue, counsel, or similar officers and
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employees of the IRS.
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-Provide tax advice other than advice necessary to prepare a return, a claim for
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refund, or other document intended to be submitted to the IRS.
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, What is "Circular 230"? - (correct answer) -Regulations Governing Practice
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before the Internal Revenue Service.
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What is "Circular 230", in greater detail? - (correct answer) -These rules require
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attorneys, those qualified to practice as certified public accountants, enrolled
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agents, and other persons who prepare tax returns and provide tax advice to
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conduct business with high ethical standards that protect the taxpayers.
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What is Form 1040? - (correct answer) -The current base form for individual
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income tax returns. *In addition, numerous other forms and schedules are
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required to support the line entries on these base forms.
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What is Form 1040-SR? - (correct answer) -U.S. Tax Return for Seniors -
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Designed for taxpayers aged 65 and over. Same rules apply to the regular
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1040. Differences are line numbers and SR has larger print.
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Income + Additional Income - Adjustments to income = - (correct answer) -
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Adjusted Gross Income (AGI) n/ n/ n/




Tax Preparers who expect to file 11 or more Form 1040's during a calendar year
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SHALL use.... - (correct answer) -IRS e-file (electronic filing). Only exception is if
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there is an exemption or approved hardship waiver.
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In Tax Law, there are two authorities, which are: - (correct answer) -Primary &
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Secondary
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What is Primary Authority for tax issues? - (correct answer) -1. Internal
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Revenue Code (IRC)
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2. Regulations issued by the Treasury Department
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3. Judicial Decisions
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-Primary authority sources, as listed above in descending order of authority,
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are the highest authority in determining the answers to tax-related questions.
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What is Secondary Authority for tax issues? - (correct answer) -1.
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Commentaries
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2. Publications
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3. Tax Periodicals
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