Candidate:

OLUFEMI OSIBOWALE

User Identifier 2:

femi2005@aol.com

User Identifier 3:

A147887

User Identifier 4:

P00693149

User Identifier 5:

osibay12

Quiz Title:

2018 Tax Law Review Questions

Overall Result:

PASS

Overall Score:

260/300

Percentage Score:

87

Passing Percentage:

70

Time Results Received:

Jan 1, 18:32:36, 2019

Time Spent:

02:36:57

Question Reference

Answer

Score

Time

Question 1 The results compared to previous results give us informat

A. Rising prices.

10

25.89s

Question 2 Practically everything you received for your work or serv

D. All of the above.

10

29.09s

Question 3  In 2018, there are penalties for not filing a required F

C. Both A or B above.

10

2038.21s

Question 4 For 2018, Schedule B Part III is where you report a finan

D. Any of the above.

10

120.87s

Question 5 You can try to figure out what to do about making sure th

C. Both A and B above.

10

181.59s

Question 6 What are the types of calculation methods for claiming of

C. Either A or B above.

10

17.02s

Question 7 Individuals always challenge the constitutionality of tax

C. Both A and B above.

10

25.79s

Question 8 In 2018 or any tax year, you should supply the taxing age

B. The most correct information requested on the tax forms

10

36.27s

Question 9 The Internal Revenue Service will use the 2018 tax return

D. All of the above.

10

25.78s

Question 10 To determine if you must file a tax return for 2018, you

D. All income regardless of source.

0

222.94s

Question 11 Even if you are not required to file a tax return for 20

D. Any of the above.

10

166.56s

Question 12 You may be able to include your child s interest and div

0

443.36s

Question 13 You may have to file a tax return for 2018 even if your

D. Only A and B above.

10

970.04s

Question 14 The head of household filing status has more requirement

A. To have supported a home for your dependent for more than

10

36.94s

Question 15 If you do not itemize deductions, you are entitled to a

0

374.95s

Question 16 Once you are married in 2018, you can file as

B. Married Filing Separately.

10

25.06s

Question 17 You will most likely be obligated to file a 2018 tax ret

D. Any of the above.

10

61.34s

Question 18 For 2018, the new tax law will now use the _______ which

A. Chained CPI

10

21.40s

Question 19 For 2018, the new tax law treatment of alimony payments

C. Either A or B above.

10

390.17s

Question 20 In 2018, the due diligence requirement that has always b

A. The head of household filing status.

0

1038.82s

Question 21 If you don t show proper due diligence on how you qualif

A. The IRS will impose a $520 penalty for each failure.

10

131.41s

Question 22 For 2018, it is important that you be aware that you can

B. There is a new $500 nonrefundable credit for dependents

10

1317.43s

Question 23 For 2018, foreigners who are individuals should apply fo

B. No longer needs to attach a copy of your tax return when

10

73.05s

Question 24 If you were married on or before December 31, 2018, you

C. You can be considered unmarried for 2018.

10

186.81s

Question 25 If you were married at the end of 2018, even if you did

A. It is always your legal right to file your tax return

10

173.77s

Question 26 If you obtain a court decree of annulment in 2018, which

D. All of the above.

10

292.13s

Question 27 For 2018, the following is a stipulation that determines

B. You are known in the community as holding a relationship

10

302.65s

Question 28 Unreimbursed employee business expenses, such as job tra

A. Affects the deduction of hobby expenses.

10

228.05s

Question 29 The kiddie tax will most likely apply until the year the

D. All of the above.

10

240.40s

Question 30 Business expenses are those charges that you incur in ca

D. 100% deductible.

10

187.49s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1366x768

Client IP:

47.145.204.49

Client Time:

Tue Jan 01 2019 15:49:50 GMT-0800 (Pacific Standard Time)

Version:

Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/71

Source URL:

https://herasincometaxschool.com/18taxlawreview/

Candidate:

OLUFEMI OSIBOWALE

User Identifier 2:

femi2005@aol.com

User Identifier 3:

A147887

User Identifier 4:

P00693149

User Identifier 5:

osibay12

Quiz Title:

2018 Federal Tax Law Final Exam

Overall Result:

PASS

Overall Score:

350/500

Percentage Score:

70

Passing Percentage:

70

Time Results Received:

Jan 2, 00:38:53, 2019

Time Spent:

01:10:28

Question Reference

Answer

Score

Time

Question The highest 2018 tax rate is

C. 37 percent.

10

85.22s

Question For 2018, the CDCTC or child care dependent tax credit allow

A. If therefore if there is no tax to cancel, there is no

10

303.60s

Question Under the new Tax Cuts and Jobs Act, a qualified 2016 disas

A. 10 percent.

10

198.85s

Question Under the new tax law, Starting in 2018 the qualifying prope

D. Any of the above.

10

404.00s

Question For 2018, you must prove or be ready to prove that you have

D. All of the above.

10

40.69s

Question For 2018, if we have $10,000 hobby income and $10,000 hobby

B. $10,000

10

24.22s

Question Estimated tax is the method used to pay Social Security and

B. Form 1040-ES

10

76.64s

Question The new Tax Cuts and Jobs Act expenses that are still deduct

D. None, the TCJA tax reform has completely suspended this

0

32.35s

Question If you are single and receive $25,000 is Social Security ben

C. Zero

10

69.18s

Question When a taxpayer dies, his standard deduction is what it woul

A. $12,000

0

39.80s

Question For 2018, unemployment benefits are fully taxable and the be

C. Form 1099-G.

10

43.79s

Question The Tax Cuts and Jobs Act did not make any changes to the IR

A. Qualified education expenses for the taxpayer.

0

296.75s

Question Starting in 2018, as it relates to listed property, each yea

C. The lesser of A or B above.

10

28.64s

Question For 2018, a mandatory ______ withholding rate applies to eli

A. 10 percent.

0

25.11s

Question You may contribute to a dependent care FSA if you expect to

D. $1,500.

0

68.07s

Question For 2018, a report on Foreign Bank and Financial Accounts, g

A. Exceeds $10,000.

10

191.03s

Question The rules for employer-operated eating facilities remain at

D. All of the above.

10

17.33s

Question You must keep records in 2018 to substantiate your tax retur

D. Any of the above.

10

21.72s

Question If you are married, you can only take an additional standard

C. $3,200

10

73.21s

Question For 2018, the maximum allowed depreciation expenses for pass

A. $10,000 limitation.

0

51.66s

Question The Earned Income Tax Credit remains unchanged under the new

B. Take into account adjustments for information.

10

142.83s

Question If you expect your 2018 tax liability to be ________ or more

D. $5,000.

0

39.84s

Question For some eligible property with longer production periods, t

D. Any of the above.

0

28.64s

Question For 2018, under the new Tax Cuts and Jobs Act, the three cap

D. None of the above.

0

36.06s

Question In 2018, you generally must report sales and other dispositi

C. Form 8949.

10

54.96s

Question For 2018, if you are required to file an FBAR and fail to do

B. $10,000.

10

84.14s

Question In 2018 this end of January date was January 29, 2018 In 20

B. Emancipation Day.

10

152.25s

Question In 2018, if you are entitled to a lump-sum distribution from

Asking your employer to make a direct rollover of your

10

67.85s

Question There are things you must consider in your ability to deduct

C. Both A and B above.

10

37.54s

Question You may claim on Form 8863 a Lifetime Learning credit of up

A. $1,000

0

38.57s

Question Starting in 2018, a taxpayer would not be allowed to claim a

B. Will not incur a penalty if it does not provide a written

10

65.54s

Question You are allowed to contribute and deduct up to 60% of your A

A. $21,000

10

80.36s

Question For 2018, the personal exemption which is normally adjusted

B. $0

10

23.77s

Question The suspension of unreimbursed employee business deductions

A. The hobby losses will be completely eliminated.

10

47.68s

Question For 2018, you are required to report information about asset

C. $10,000.

0

49.09s

Question To further illustrate, you bought 5,000 shares of XYZ Corp

B. You have no qualified dividends from XYZ Corporation

10

234.42s

Question For 2018, there are many things you can do to keep good reco

D. Any of the above.

10

27.27s

Question For 2018, to be able to deduct 50% of your meals as a busine

B. Ordinary and necessary in carrying on your trade or

10

51.83s

Question There is a penalty for receiving an excessive claim for refu

A. 10 percent.

0

177.80s

Question You can try to figure out what to do about making sure the I

B. If a horse racings, breeding, training, or showing

0

30.46s

Question For 2018, the 529 plans have been expanded under the new Tax

A. This has been known under the name 529 college savings

10

36.22s

Question The older or blind individuals will continue to receive an a

A. $1,300 for 2018.

10

74.00s

Question The new deduction for pass-through businesses was created by

D. All of the above.

10

20.11s

Question You must also consider the time when you make certain expens

C. Both A and B above.

10

120.32s

Question For 2018, the simplified method at arriving at your deductib

D. $2,000.

0

55.47s

Question For 2018, expenses that would normally have nothing to do wi

C. 30 percent.

0

86.39s

Question Business income is any income received from the sale of your

C. Security deposits and loans.

10

47.52s

Question You can request an automatic extension of time to file a 201

C. Form 4868.

10

60.13s

Question Practically everything you received for your work or service

D. All of the above.

10

55.98s

Question For 2018, you would deduct a percentage of these expenses -

A. Standard method.

10

57.63s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1366x768

Client IP:

47.145.204.49

Client Time:

Tue Jan 01 2019 23:27:09 GMT-0800 (Pacific Standard Time)

Version:

Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/71

Source URL:

https://herasincometaxschool.com/relawfinal/

Candidate:

OLUFEMI OSIBOWALE

User Identifier 2:

femi2005@aol.com

User Identifier 3:

A147887

User Identifier 4:

P00693149

User Identifier 5:

osibay12

Quiz Title:

2018 California Final Exam

Overall Result:

PASS

Overall Score:

210/250

Percentage Score:

84

Passing Percentage:

70

Time Results Received:

Dec 26, 00:19:13, 2018

Time Spent:

00:58:03

Question Reference

Answer

Score

Time

Question New federal tax law limits the NOL deduction to 80 percent o

D. Will continue to allow NOLs to be carried back two years

10

114.62s

Question On December 22, 2017, the new tax bill went into effect incr

D. All of the above.

10

170.38s

Question The federal law changes to simplify the kiddie tax by effect

C. California does not conform to the federal

10

137.78s

Question Talking about students and the tax benefits of being a stude

A. Reverse it for California tax purposes by entering the

10

115.09s

Question The following type of eligible medical expenses will change

D. None of the above will differ.

10

208.14s

Question The new Tax Cut and Job Act has changed our 2018 SALT The n

B. $10,000

0

171.39s

Question California conforms to the federal EITC as to the federal la

B. Only if these amounts are subject to California

10

266.21s

Question California agrees and has been conforming to the deduction o

B. Does not conform to the new federal limitation on the

10

97.05s

Question The new Tax Cuts and Job Act law has made the deduction for

D. Is Zero because California does not conform.

0

208.21s

Question The annual contribution is adjusted for inflation as are mos

A. $15,000 because California conforms to the increase.

0

153.55s

Question There are many credits, deductions and employee fringe benef

D. None of the above.

10

131.97s

Question The provision in the new Tax Cuts and Jobs Act allows studen

C. Both A and B above.

10

171.25s

Question California does not conform to the federal standard deductio

A. The standard deduction amounts for California are

10

99.43s

Question Due to the fact that the Paid Family Leave (PFL) program is

B. Tax Free for California tax purposes.

10

67.53s

Question The following is a true statement about ridesharing fringe b

C. California law provides income exclusions for

10

236.66s

Question An exclusion from gross income of certain military pay recei

B. California also does not conform to allowing a joint

10

172.77s

Question Upon filing a California domestic partnership with the state

A. With this ruling, individuals of the same sex can now

10

30.47s

Question The new TCJA tax reform suspends all miscellaneous itemized

C. Both A and B above.

10

84.89s

Question California offers tax breaks for businesses located in econ

D. All of the above.

10

98.36s

Question Very important to remember that if both the state of Califor

B. There is no need to file Schedule CA of Form 540.

10

60.09s

Question You should consider tax planning as part of your tax filing

C. Prepaying expenses before tax season.

0

139.77s

Question Qualified bicycle commuting reimbursement exclusion has bee

A. Does not conform to the suspension.

10

253.07s

Question We are mostly concerned with items that differ in preparing

A. You must account for the difference and make the

10

109.15s

Question This deduction can allow you to take a deduction for up to 2

A. California does not conform to the new federal deduction

10

43.81s

Question The threshold percentage of unreimbursed medical expenses is

A. Differ - 10 percent for federal taxes and 7.5 percent for

10

112.64s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1366x768

Client IP:

47.145.204.49

Client Time:

Tue Dec 25 2018 23:20:06 GMT-0800 (Pacific Standard Time)

Version:

Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/71

Source URL:

https://herasincometaxschool.com/recaliforniafinal/

Candidate:

OLUFEMI OSIBOWALE

User Identifier 2:

femi2005@aol.com

User Identifier 3:

A147887

User Identifier 4:

P00693149

User Identifier 5:

osibay12

Quiz Title:

2019 California Review Questions

Overall Result:

PASS

Overall Score:

150/150

Percentage Score:

100

Passing Percentage:

70

Time Results Received:

Dec 25, 23:16:15, 2018

Time Spent:

00:03:04

Question Reference

Answer

Score

Time

Question 1 The TCJA tax reform amended section 11(3) to provide a pe

B. We will continue to use the same California Consumer

10

32.78s

Question 2 One of the tax planning strategies is about knowing how n

C. Does not conform with federal to the changes to the NOL

10

9.93s

Question 3 As with married couples, things happen in the relationshi

D. All of the above.

10

5.27s

Question 4 Moving expenses have been suspended by the TCJA for tax y

C. California will continue to allow moving expenses at the

10

8.21s

Question 5 California taxes the interest received from bonds that ar

A. Look forward to paying the tax on the interest earned

10

8.84s

Question 6 The new Tax Cuts and Job Act has also revised the depreci

C. Both A and B above.

10

5.92s

Question 7 All depreciation methods used must be acceptable to Calif

B. Adjust your depreciation and the useful life of the

10

5.22s

Question 8 California mainly conforms to the federal tax law, except

D. Any of the above.

10

11.13s

Question 9 The new Tax Cuts and Jobs Act of 2017 also brought change

C. California wants to keep to the original plan to help

10

9.62s

Question 10 In order to motivate companies to make treatment drugs t

C. No comparable credit but the expenses can be repurposed.

10

6.56s

Question 11 There are benefits offered by investing in a Roth IRA wh

C. California conforms to federal tax law on contributions,

10

11.18s

Question 12 You must be able to identity what constitutes unemployme

A. As far as California is concerned, unemployment is not

10

9.29s

Question 13 Now the federal IRC has due diligence requirements for q

D. None, California conforms to the due diligence

10

6.19s

Question 14 The nonrefundable renter s credit, as with the other cre

B. A California Renter's Credit Qualification

10

7.53s

Question 15 If you didn t itemize deductions on your federal tax ret

D. None of the above.

10

6.36s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1366x768

Client IP:

47.145.204.49

Client Time:

Tue Dec 25 2018 23:12:02 GMT-0800 (Pacific Standard Time)

Version:

Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/71

Source URL:

https://herasincometaxschool.com/18californiareview/

Candidate:

OLUFEMI OSIBOWALE

User Identifier 2:

femi2005@aol.com

User Identifier 3:

A147887

User Identifier 4:

P00693149

User Identifier 5:

osibay12

Quiz Title:

2019 Federal Tax Updates

Overall Result:

PASS

Overall Score:

240/300

Percentage Score:

80

Passing Percentage:

70

Time Results Received:

Dec 23, 09:30:53, 2018

Time Spent:

00:48:49

Question Reference

Answer

Score

Time

Question Starting in 2018, under the new tax bill, children with ITIN

C. Refundable.

10

520.15s

Question The new Tax Cuts and Job Act has also revised the depreciati

D. Up to $10,000 for first year depreciation.

0

83.96s

Question There are two items you must consider in your ability to ded

B. $750,000 of your home mortgage debt.

10

75.99s

Question The new Tax Cuts and Jobs Act, has made adjustment to the Se

A. The qualifying property for Section 179 expensing now

10

165.82s

Question The new tax legislation, which the President signed into law

D. All of the above.

10

123.71s

Question Everything else very much remains the same as to the qualifi

A. Allows for a $500 credit for other dependents who are

10

47.05s

Question The new Tax Cuts and Job Act law has made the deduction for

C. It is up to 10 percent to 60 percent.

10

24.79s

Question It has always been that only new property placed in service

A. Allows used property too.

10

248.00s

Question In 2018, any 529 withdrawals continue to be tax-free so long

D. Any of the above.

10

26.59s

Question If your Adjusted Gross Income is $35,000, you can contribute

A. 60% of your Adjusted Gross Income.

10

65.18s

Question The general rule is that a repeal of statutory language that

A. Is not routinely off-limits in the budget reconciliation

0

193.41s

Question Starting in 2018, the unreimbursed employee business expense

D. All of the above.

10

101.31s

Question Other than being at a tax bracket of 39 6% and being taxed a

D. All of the above.

10

118.95s

Question The alternative minimum tax will continue with the new Tax C

B. Only be 28 percent.

10

100.62s

Question Colleges and universities counted on the previous tax code t

B. The Tax Cuts and Job Act has repealed the rule that

10

39.94s

Question The new Tax Cuts and Jobs Act of 2017 will increase the stan

A. $12,000; $24,000

10

32.25s

Question The PATH Act law states that starting January 1, 2018, bonus

D. None of the above.

0

197.32s

Question What are these adjustments to income that help you arrive at

D. All of the above.

0

38.27s

Question The taxpayer must substantiate on a contemporaneous acknowle

C. Both A and B above.

10

112.45s

Question For 2018, the TCJA retains the historic rehabilitation tax c

C. The new TCJA tax law retains the Renewable Energy

0

49.68s

Question For 2018, if the taxpayer is owed a refund, the child tax cr

B. $1,400.

10

20.26s

Question With the new tax legislation, alimony is treated differently

A. Because now neither can the payer deduct it, nor is the

10

71.37s

Question The new Tax Cuts and Jobs Act (TCJA) has limitations on the

C. You definitely will not be able to carryback any of it.

10

46.77s

Question New changes will be implemented for the ABLE in the course o

B. Achieving a Better Life Experience.

10

42.88s

Question The premium tax credit continues and thus taxpayers who cont

B. Is no intention in the code for discontinuing the premium

10

51.93s

Question For 2018, the deduction for casualty and theft losses has be

C. Both A and B above.

10

42.05s

Question What is the marriage penalty? The TCJA of 2017 has lowered t

D. All of the above.

0

65.48s

Question You can discharge your federal and private student loan debt

B. Will no longer be treated as taxable income by the

10

65.62s

Question The TCJA of 2017 has brought changes to the way pass through

A. 20% of the business income and will be claimed as a

10

32.86s

Question In 2018, there are two classes of businesses taken into cons

D. All of the above.

10

60.91s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1366x768

Client IP:

47.145.204.49

Client Time:

Sun Dec 23 2018 08:40:13 GMT-0800 (Pacific Standard Time)

Version:

Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/70

Source URL:

https://herasincometaxschool.com/reupdatesfinal/

Candidate:

OLUFEMI OSIBOWALE

User Identifier 2:

femi2005@aol.com

User Identifier 3:

A147887

User Identifier 4:

P00693149

User Identifier 5:

osibay12

Quiz Title:

2019 Updates Review Questions

Overall Result:

PASS

Overall Score:

90/90

Percentage Score:

100

Passing Percentage:

70

Time Results Received:

Dec 23, 08:26:40, 2018

Time Spent:

00:01:24

Question Reference

Answer

Score

Time

Question 1 There are many changes that came about with the new admin

B. $2,000

10

9.01s

Question 2 The purpose of the AMT is to effectively take back some o

C. Both A and B above.

10

10.16s

Question 3 The new deduction for pass-through businesses was created

D. All of the above.

10

7.10s

Question 4 The kiddie tax will most likely apply until the year the

B. The child's net unearned income for the year

10

7.48s

Question 5 The new Tax Cuts and Jobs Act also brought change to Sect

D. All of the above.

10

8.91s

Question 6 There has been a major change to the NOL carryforward and

D. The new Tax Cuts and Jobs Act (TCJA) reform amendments

10

13.93s

Question 7 The Affordable Care Act continues for another _______ and

B. Two years.

10

6.14s

Question 8 There are restrictions placed on Congress as to what it c

A. The repeal of the tax penalty is not a repeal of the

10

7.44s

Question 9 The rules for employer-operated eating facilities remain

D. All of the above.

10

7.22s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1366x768

Client IP:

47.145.204.49

Client Time:

Sun Dec 23 2018 08:21:32 GMT-0800 (Pacific Standard Time)

Version:

Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/70

Source URL:

https://herasincometaxschool.com/18updatesreview/

Candidate:

OLUFEMI OSIBOWALE

User Identifier 2:

femi2005@aol.com

User Identifier 3:

A147887

User Identifier 4:

P00693149

User Identifier 5:

osibay12

Quiz Title:

2019 Ethics Review Questions

Overall Result:

PASS

Overall Score:

100/100

Percentage Score:

100

Passing Percentage:

70

Time Results Received:

Dec 20, 22:50:43, 2018

Time Spent:

00:01:31

Question Reference

Answer

Score

Time

Question 1 To reduce your risk of identity theft for 2018, you need

D. All of the above.

10

9.54s

Question 2 You should probably modify your interview packets to incl

A.  Will not show due diligence but the fact that you are

10

6.74s

Question 3 In 2018, anytime an ERO enters the taxpayer s PIN on the

A. Must be signed by the taxpayer.

10

6.23s

Question 4 For 2018, the following is a true statement regarding pra

A. The practitioner must use reasonable efforts to identify

10

9.84s

Question 5 To qualify for continuing tax education credit for an enr

D. All of the above.

10

6.65s

Question 6 With respect to any matter administered by the Internal R

D. None of the above.

10

6.67s

Question 7 Tax advisors should provide clients with the highest qual

C. Establishing the facts, determining which facts are

10

8.73s

Question 8 Being convicted of any criminal offense under the revenue

D. Considered disreputable conduct.

10

6.63s

Question 9 Subject to certain limitations, an individual who is not

D. Any of the above.

10

5.67s

Question 10 A durable power of attorney is a power of attorney which

B. Specifies that the appointment of the attorney-in-fact

10

18.86s

System Language:

en-US

Operating System: