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H&R Block Income Tax Course exam questions and answers
Circular 230 
Regulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. 
 
 
 
Disclosure 
The release of tax information by an IRS employee. 
 
 
 
Due Diligence 
Requirements that tax professionals must follow when preparing income tax returns. 
 
 
 
Noncompliance 
Failure or refusal to comply with the tax code. 
 
 
 
Privilege 
Protection from being required to disclose confidential communications betwe...
- Exam (elaborations)
- • 81 pages •
Circular 230 
Regulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. 
 
 
 
Disclosure 
The release of tax information by an IRS employee. 
 
 
 
Due Diligence 
Requirements that tax professionals must follow when preparing income tax returns. 
 
 
 
Noncompliance 
Failure or refusal to comply with the tax code. 
 
 
 
Privilege 
Protection from being required to disclose confidential communications betwe...
HRB ITC CA 2024 exam questions and answers
Q: What is the difference between domicile and residency? 
. 
A: Your domicile is your one true, permanent home (the place to which you intend to return when absent). 
Residency, for tax purposes, is usually the place where you currently have the most substantive connections 
for an indefinite period of time 
 
 
 
Q: How do you determine if an individual is a resident of California? 
A: Either of two tests: 
• You must determine if they have been in California for other than a temporary or tr...
- Exam (elaborations)
- • 10 pages •
Q: What is the difference between domicile and residency? 
. 
A: Your domicile is your one true, permanent home (the place to which you intend to return when absent). 
Residency, for tax purposes, is usually the place where you currently have the most substantive connections 
for an indefinite period of time 
 
 
 
Q: How do you determine if an individual is a resident of California? 
A: Either of two tests: 
• You must determine if they have been in California for other than a temporary or tr...
HRB-07 Earned Income Credit exam questions and answers
Investment Income 
Includes INTEREST, DIVIDENDS, CAPITAL GAINS and other types of DISTRIBUTIONS. 
See IRS Publication 550, Investment Income and Expenses (Including Capital Gains and Losses). 
 
 
 
Nonrefundable Credit 
A credit which CANNOT EXCEED the taxpayer's tax liability. 
 
 
 
Refundable Credit 
A credit for which the IRS will send the taxpayer a REFUND for any amount in EXCESS of the taxpayer's tax liability. 
 
 
 
Credits vs. Deductions 
• Deductions reduce the amount of INCOME t...
- Package deal
- Exam (elaborations)
- • 7 pages •
Investment Income 
Includes INTEREST, DIVIDENDS, CAPITAL GAINS and other types of DISTRIBUTIONS. 
See IRS Publication 550, Investment Income and Expenses (Including Capital Gains and Losses). 
 
 
 
Nonrefundable Credit 
A credit which CANNOT EXCEED the taxpayer's tax liability. 
 
 
 
Refundable Credit 
A credit for which the IRS will send the taxpayer a REFUND for any amount in EXCESS of the taxpayer's tax liability. 
 
 
 
Credits vs. Deductions 
• Deductions reduce the amount of INCOME t...
HR BLOCK Final Test Review (ITC 2024) exam questions and answers
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). 
Have a valid social security number. 
 
 
 
A combined due diligence penalty of $2,180 would indicate a penalty for which of the following? 
 
EIC, CTC/ODC/ACTC, and head of household. 
EIC, AOTC, and CTC/ODC/ACTC. 
EIC, AOTC, CTC/ODC/ACTC, and head ...
- Package deal
- Exam (elaborations)
- • 31 pages •
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). 
Have a valid social security number. 
 
 
 
A combined due diligence penalty of $2,180 would indicate a penalty for which of the following? 
 
EIC, CTC/ODC/ACTC, and head of household. 
EIC, AOTC, and CTC/ODC/ACTC. 
EIC, AOTC, CTC/ODC/ACTC, and head ...
HRB-16 Depreciation exam questions and answers
Accelerated Cost Recovery System (ACRS) 
UNMODIFIED system used for property placed in service after 1980 and before 1987. 
 
 
 
Alternative Straight-Line Depreciation System 
• A MACRS system of depreciation using the STRAIGHT-LINE method over an alternative recovery period. 
• Choosing either Straight-Line methods for personal-type property, requires doing so for ALL assets in that class placed in service in that year. 
 
 
 
Asset 
An item of useful or valuable property. 
 
 
 
Business ...
- Package deal
- Exam (elaborations)
- • 6 pages •
Accelerated Cost Recovery System (ACRS) 
UNMODIFIED system used for property placed in service after 1980 and before 1987. 
 
 
 
Alternative Straight-Line Depreciation System 
• A MACRS system of depreciation using the STRAIGHT-LINE method over an alternative recovery period. 
• Choosing either Straight-Line methods for personal-type property, requires doing so for ALL assets in that class placed in service in that year. 
 
 
 
Asset 
An item of useful or valuable property. 
 
 
 
Business ...
HRB 1-6 quiz with 100% correct answers already graded A+
A taxpayer should include which of the following when figuring their federal gross income? 
Gifts and inheritances. 
Life insurance payments, if paid by reason of the death of the insured. 
Meals and lodging provided for the convenience of the employer 
Prizes and awards. 
 
 
 
To avoid the risk of penalties, tax preparers must abide by rules regarding preparer tax identification numbers (PTINs). Which of the following statements is TRUE regarding PTINs? 
A)A PTIN is required semi-annually for ...
- Package deal
- Exam (elaborations)
- • 21 pages •
A taxpayer should include which of the following when figuring their federal gross income? 
Gifts and inheritances. 
Life insurance payments, if paid by reason of the death of the insured. 
Meals and lodging provided for the convenience of the employer 
Prizes and awards. 
 
 
 
To avoid the risk of penalties, tax preparers must abide by rules regarding preparer tax identification numbers (PTINs). Which of the following statements is TRUE regarding PTINs? 
A)A PTIN is required semi-annually for ...
TNSTATE EXAMS PACKAGE DEAL|DOWNLOAD TO PASS
TNSTATE EXAMS PACKAGE DEAL|DOWNLOAD TO PASS
- Package deal
- • 20 items •
- TN National State practice exam latest update with 100% correct answers • Exam (elaborations)
- Tennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS • Exam (elaborations)
- PSI TN National exam latest update with 100% correct answers • Exam (elaborations)
- Tennessee (state exam)Real Estate exam latest update with 100% correct answers • Exam (elaborations)
- Tennessee Life and Health Insurance LIfe Insurance Portion State Simulator exam latest update with 100% correct answers • Exam (elaborations)
- And more ….
TNSTATE EXAMS PACKAGE DEAL|DOWNLOAD TO PASS
Real Estate TN Broker exam latest update with 100% correct answers.
What year was the Real Estate Commision for TN formed? 
1951 
 
 
 
Licenses, registers and regulates real estate brokers and affiliate brokers, real estate firms, rental location agents, time-share salespersons and developments, vacation clubs and vacation lodging services. 
Responsibilities of the TN Real Estate Commision 
 
 
 
Who enacts rules addressing professional conduct and standards of practice. 
Tennessee Real Estate Commision 
 
 
 
The mission is to protect the public through establ...
- Package deal
- Exam (elaborations)
- • 33 pages •
What year was the Real Estate Commision for TN formed? 
1951 
 
 
 
Licenses, registers and regulates real estate brokers and affiliate brokers, real estate firms, rental location agents, time-share salespersons and developments, vacation clubs and vacation lodging services. 
Responsibilities of the TN Real Estate Commision 
 
 
 
Who enacts rules addressing professional conduct and standards of practice. 
Tennessee Real Estate Commision 
 
 
 
The mission is to protect the public through establ...
Real Estate Tennessee State exam latest update with 100% correct answers.
When an earnest money check is deposited, what information does Tennessee require be recorded and maintained? 
Who provided the funds (the depositor) 
 
 
 
A principal broker in Tennessee is required ______ for all transactions in which affiliated licensees participate. 
Review and approve transactional documents and agreements 
 
 
 
What must licensees do to maintain their licenses? 
Complete continuing education requirements and pay the renewal fee 
 
 
 
Addision didn't make an on-site ins...
- Package deal
- Exam (elaborations)
- • 23 pages •
When an earnest money check is deposited, what information does Tennessee require be recorded and maintained? 
Who provided the funds (the depositor) 
 
 
 
A principal broker in Tennessee is required ______ for all transactions in which affiliated licensees participate. 
Review and approve transactional documents and agreements 
 
 
 
What must licensees do to maintain their licenses? 
Complete continuing education requirements and pay the renewal fee 
 
 
 
Addision didn't make an on-site ins...
TN Real Estate exam latest update with 100% correct answers already graded A+
coordinate inspections and deliver documents and escrow monies to the appropriate attorney 
a broker or affiliate broker may perform all of the following in preparation for the closing EXCEPT 
 
 
 
may conduct the closing 
a broker decides he wants to conduct the closing on a all-cash sales of a property between his clients, the seller, and the buyer, his customer. with these parties, the broker 
 
 
 
receive up to $50K from the real estate education and recovery account for the full judgment ...
- Package deal
- Exam (elaborations)
- • 18 pages •
coordinate inspections and deliver documents and escrow monies to the appropriate attorney 
a broker or affiliate broker may perform all of the following in preparation for the closing EXCEPT 
 
 
 
may conduct the closing 
a broker decides he wants to conduct the closing on a all-cash sales of a property between his clients, the seller, and the buyer, his customer. with these parties, the broker 
 
 
 
receive up to $50K from the real estate education and recovery account for the full judgment ...
CHEMISTRY SEMESTER B FINAL EXAM REVIEW EXAM QUESTIONS WITH 100% CORRECT ANSWERSS
NCCCO CORE PRACTICE QUIZ WITH VERIFIED SOLUTIONS ALREADY GRADED A+.
NCCCO CORE INCLUDING TABLES – 176 QUESTIONS WITH VERIFIED SOLUTIONS 2024
NCCCO CORE + SPECIALTY TEST PREP – 79 QUESTIONS WITH 100% CORRECT ANSWERS.
NCCCO MOBILE CRANE EXAM – 99 QUESTIONS WITH 100% CORRECT ANSWERS