AFIP Certification Exam Study Guide with complete and Verified Solutions | Latest 2025/2026 Update.

AFIP Certification Exam Study Guide
with complete and Verified Solutions |
Latest 2025/2026 Update.

Question:

The max penalty for violating the Used Car Rule?
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Answer:
$43972




Question:

What is considered cash??
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Answer:
1. cashier's check
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2. Bank draft
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3. Travelers check
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4. money order
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5. with a fact amount of less than $10k paid on a car costing more than
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$10k

6. Anything that represents cleared funds is not considered cash.
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,Question:
Buy Here Pay Here Dealer?
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Answer:

total amount received in a 12 month period that exceeds $10k cash
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Question:
Standard for related purchase?
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Answer:

total amt received in a 24 hour period
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Question:

Tax Payer ID number?
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Answer:
1. SSN
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2. Individual Taxpayer Number (ITN)
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3. Employer ID Number (EIDN)
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Question:

Suspension Transaction? i,-




Answer:

, 1. Don't tell them that you are going to fill out the form, even if they ask.
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2. You don't send a letter to the customer
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Question:

Non-Resident Alien? i,-




Answer:
1. DL
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2. Passport Number
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Question:

Penalty for negligent failure- Tax form?
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Answer:
$270



Question:
Payment Packing? i,-




Answer:

1.Can't give leg
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2. UDAP claim
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3. Against the law in CA
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4. Against AFIP code of ethics
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