HRB complete Package Deal 2023/2024

What income reporting form should an independent contractor sometimes receive from the person who paid him for his services? - Correct Answer Form 1099-MISC (15.6) Schedule C, Line F asks for the accounting method used in the business. What is the difference between the cash method and the accru...

Describe the purpose of the CSO - Correct Answer To provide help & inspire confidence in our clients & communities everywhere. Explain the CSO structure, our teams and commonly asked questions? - Correct Answer Care to provide help & inspire confidence; serve w/ transparency; win by making it eas...

What is the difference between earned income and unearned income? - Correct Answer Earned income is received for services performed. Some examples of earned income include wages, commissions, tips, farming, and other business income. Unearned income is taxable income that does not meet the definiti...

Circular 230 - Correct Answer Regulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. Disclosure - Correct Answer The release of tax information by an IRS employee. Due Diligence - Correct Answer Require...

Which of the following is a requirement for all taxpayers who want to claim the EIC? Live in the U.S. for more than half a year. Have a valid social security number. Have a qualifying child dependent. Have AGI less than $21,430 ($27,380 MFJ). - Correct Answer Have a valid social security numbe...

Due Diligence - Correct Answer Requirements that tax professionals must follow when preparing income tax returns. Estimated Tax - Correct Answer The amount of tax a taxpayer expects to owe for the year after subtracting expected amounts withheld and certain refundable credits. Estimated Tax Vo...

---are generally twice the strength of a tincture and contain only small quantities of alcohol. The dose is generally small and measured in drops so they will last for long periods. - Correct Answer Fluid extracts ---are preparations that extract the medicinal substances of herbs into a solution ...

When mixed with water these constituents can be separated into a sugar and a non-sugar When did scientists begin isolating active constituents from herbs? - Correct Answer In the mid 19th century These substances have a strong, usually pleasant, odor. They are obtained predominantly by distilla...