VITA Study guides, Class notes & Summaries

1. Hans entered the U.S. on December 15, 2012 in F-1 immigration status. He had never been to the United States before and he did not change immigration status during 2017. For federal income tax purposes, Hans is a nonresident alien for 2017. - False (Correct0 2. Abshir is a visiting professor at the local university. Abshir was a graduate student from August 2011 to July 2013 in F-1 immigration status. He re-entered the United States on December 20, 2016 in J-1 immigration status. For fed...

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 ...

Tamara and her ex-husband's divorce was final before December 31, 2018.How does this affect their 2019 tax returns? - d. Tamara is allowed to deduct the alimony paid as an adjustment to income.Her ex-husband is required to include the alimony received as income. 2.What is the most beneficial filing status allowable for Tamara? - c. Head of Household 3.Who can Tamara claim as a qualifying child(ren) for the earned income credit? - d. Tamara can claim both Kimberly and Christian. 4. Who can...

True or False: Only volunteers who prepare and review tax returns are required to complete the Volunteer Standards of Conduct Training and certification. - False True or False: Volunteers are generally held liable for the tax returns they prepare at VITA/TCE sites - False True or False: Volunteers are not required to complete a return if they have concerns about the accuracy of information provided by the taxpayer or other concerns. - True True or False: Keith and Kathy are married with de...

Hans entered the U.S. on December 15, 2012 in F-1 immigration status. He had never been to the United States before and he did not change immigration status during 2017. For federal income tax purposes, Hans is a nonresident alien for 2017. - False (Correct0 2. Abshir is a visiting professor at the local university. Abshir was a graduate student from August 2011 to July 2013 in F-1 immigration status. He re-entered the United States on December 20, 2016 in J-1 immigration status. For federa...

Jeff does not have to make a shared responsibility payment because he was covered by a health insurance plan through his employer for the full tax year. - TRUE Linda must make a shared responsibility payment because she did not have qualified healthcare coverage all year - FALSE David is Ava's qualifying child for the earned income credit. - TRUE David is a qualifying person for Ava to claim Head of Household filing status, credit for other dependents and the education credit. - TRUE Ell...

Rebecca's most beneficial allowable filing status is Head of Household. - false 2. Rebecca has $_______ in qualifying child care expenses for the child and dependent care credit.. - 2500 3. Pat and Terri are only eligible to claim the child tax credit on their 2020 tax return. - false 4. The taxable amount of Pat's unemployment compensation is $_________? - 3300 5. Medicaid waiver payments can be considered earned income for the computation of the earned income credit. - true 6. Andrew...

VITA Final exam well answered and verified questions True or False: Only volunteers who prepare and review tax returns are required to complete the Volunteer Standards of Conduct Training and certification. -Correct Answer-False True or False: Volunteers are generally held liable for the tax returns they prepare at VITA/TCE sites -Correct Answer-False True or False: Volunteers are not required to complete a return if they have concerns about the accuracy of information provided by the tax...

VITA Basic Exam latest update 2024 What is the most advantageous filing status allowable that Joe can claim on his taxreturn for 2021? -Correct Answer-Head of Household Joe can claim a higher standard deduction because he is blind. -Correct Answer-True Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare too young and have no qualifying children. -Correct Answer-false Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021 taxreturn. ...

VITA 2024 ADVANCED TEST WITH 100% CORRECT ANSWERS 1. Prior to working at a VITA/TCE site, ALL VITA/TCE volunteers (greeters, client facilitators, tax preparers, quality reviewers, etc.) must: -Correct Answer-a. Annually pass the Volunteer Standards of Conduct (VSC) certification test with a score of 80% or higher. b. Sign and date the Form 13615, Volunteer Standards of Conduct Agreement, agreeing to comply with the VSC by upholding the highest ethical standards. c. Pass the Advanced tax l...

VITA EXAM QUESTIONS WITH VERIFIED ANSWERS 1. Prior to working at a VITA/TCE site, ALL VITA/TCE volunteers (greeters, client facilitators, tax preparers, quality reviewers, etc.) must: -Correct Answer-E. A and B 2Can a volunteer be removed and barred from the VITA/TCE Programs for violating the Volunteer Standards of Conduct? -Correct Answer-Yes 3.If a taxpayer offers you a $20 bill because they were so happy about the quality service they received, what would be the appropriate action to ...