Candidate:

Roger Edward Pearce

User Identifier 2:

rp@stamplink.com

User Identifier 3:

A003569

User Identifier 4:

P00462432

Quiz Title:

2020 Ethics Review Questions

Overall Result:

PASS

Overall Score:

100/100

Percentage Score:

100

Passing Percentage:

70

Time Results Received:

Oct 25, 18:58:45, 2019

Time Spent:

00:00:51

Question Reference

Answer

Score

Time

Question 1 To reduce your risk of identity theft for 2019, you need

D. All of the above.

10

8.76s

Question 2 You should probably modify your interview packets to incl

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

10

2.12s

Question 3 In 2019, anytime an ERO enters the taxpayer s PIN on the

A. Must be signed by the taxpayer.

10

8.44s

Question 4 For 2019, the following is a true statement regarding pra

A. The practitioner must use reasonable efforts to identify

10

2.15s

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

D. All of the above.

10

7.69s

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

D. None of the above.

10

2.87s

Question 7 Tax advisors should provide clients with the highest qual

C. Establishing the facts, determining which facts are

10

1.99s

Question 8 Being convicted of any criminal offense under the revenue

D. Considered disreputable conduct.

10

7.02s

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

D. Any of the above.

10

3.74s

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

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

10

1.96s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1920x1080

Client IP:

47.154.109.217

Client Time:

Fri Oct 25 2019 19:57:14 GMT-0700 (Pacific Daylight Time)

Version:

Mozilla/5.0 (Windows NT 6.1; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/78.

Source URL:

https://herasincometaxschool.com/20ethics-review/

Candidate:

Roger Edward Pearce

User Identifier 2:

rp@stamplink.com

User Identifier 3:

A003569

User Identifier 4:

P00462432

User Identifier 5:

hera9980

Quiz Title:

2019 Tax Ethics Final

Overall Result:

PASS

Overall Score:

200/200

Percentage Score:

100

Passing Percentage:

70

Time Results Received:

Oct 25, 19:21:20, 2019

Time Spent:

00:21:08

Question Reference

Answer

Score

Time

Question An examining officer, or other Service officer or employee w

B. The District Director of the taxpayer.

10

74.65s

Question The new thing this time around is that an individual applyin

B. Form W-7

10

60.48s

Question Filing electronically allows you to receive your refund much

A. 3 weeks.

10

241.13s

Question For 2018, you must complete and submit _________ for all pap

A. Form 8867.

10

25.71s

Question Tax preparation is your profession and you should always fol

D. Any of the above.

10

107.64s

Question The taxpayer who is issued an ITIN is usually not eligible t

A. These people are usually not eligible for an SSN.

10

41.27s

Question You need to answer the questions covering EITC eligibility o

C. Form 8867

10

31.57s

Question A preparer that is also a financial institution, but has not

D. Any of the above.

10

106.46s

Question Your client may need to file Form 8862 in 2018 and may be ba

A. Next 10 years.

10

35.40s

Question If you prepared a tax return two years ago when you were par

A. At every stage of the tax returns you prepare to be able

10

57.53s

Question The ERO may use ___________ as authority to input the taxpa

B. Pre-signed authorizations

10

61.32s

Question A few things to consider, even the most basic of things abou

D. All of the above.

10

92.30s

Question Starting in 2018, you can represent taxpayers if you are

D. Any of the above.

10

47.23s

Question The IRS can only allow so much abuse and may start sending L

A. $520 for each missing form.

10

40.34s

Question Under IRC section 6692(g), the new tax law Tax Cuts and Jobs

B. $520 for each failure.

10

33.82s

Question The director of the Office of Professional Responsibility mu

A. 30 days

10

31.99s

Question A ________ may be imposed, per I R C §6695(f), on a return

B. $520 penalty.

10

70.62s

Question You as a tax professional are defined under the FTC as a fin

D. All of the above.

10

35.90s

Question Providers must never put their address in fields reserved fo

C. Form 8453.

10

34.24s

Question The IRS has identified ___________ as a key indicator of pot

A. Questionable Forms W-2

10

27.50s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1920x1080

Client IP:

47.154.109.217

Client Time:

Fri Oct 25 2019 19:59:11 GMT-0700 (Pacific Daylight Time)

Version:

Mozilla/5.0 (Windows NT 6.1; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/78.

Source URL:

https://herasincometaxschool.com/reethicsfinal/

Candidate:

Roger Edward Pearce

User Identifier 2:

rp@stamplink.com

User Identifier 3:

A003569

User Identifier 4:

P00462432

Quiz Title:

2020 Tax Law Review Questions

Overall Result:

PASS

Overall Score:

260/300

Percentage Score:

87

Passing Percentage:

70

Time Results Received:

Oct 25, 11:50:02, 2019

Time Spent:

00:02:41

Question Reference

Answer

Score

Time

Question 1 The results compared to previous results give us informat

A. Rising prices.

10

12.64s

Question 2 Practically everything you received for your work or serv

D. All of the above.

10

3.49s

Question 3  In 2019, there are penalties for not filing a required F

C. Both A or B above.

10

3.31s

Question 4 For 2019, Schedule B Part III is where you report a finan

D. Any of the above.

10

9.65s

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

C. Both A and B above.

10

6.58s

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

C. Either A or B above.

10

2.80s

Question 7 Individuals always challenge the constitutionality of tax

C. Both A and B above.

10

4.53s

Question 8 In 2019 or any tax year, you should supply the taxing age

B. The most correct information requested on the tax forms

10

3.52s

Question 9 The Internal Revenue Service will use the 2019 tax return

D. All of the above.

10

8.60s

Question 10 To determine if you must file a tax return for 2019, you

C. Both A and B above.

10

3.20s

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

A. If you had income tax withheld from your pay.

0

6.72s

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

D. Any of the above.

10

5.55s

Question 13 You may have to file a tax return for 2019 even if your

D. Only A and B above.

10

7.22s

Question 14 The head of household filing status has more requirement

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

10

2.91s

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

B. January 2, 1955

10

2.39s

Question 16 Once you are married in 2019, you can file as

B. Married Filing Separately.

10

5.23s

Question 17 You will most likely be obligated to file a 2019 tax ret

D. Any of the above.

10

1.99s

Question 18 For 2019, the new tax law will now use the _______ which

A. Chained CPI

10

9.85s

Question 19 For 2019, the new tax law treatment of alimony payments

C. Either A or B above.

10

4.39s

Question 20 In 2019, the due diligence requirement that has always b

A. The head of household filing status.

0

2.86s

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

1.88s

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

7.01s

Question 23 For 2019, foreigners who are individuals should apply fo

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

10

3.71s

Question 24 If you were married on or before December 31, 2019, you

D. None of the above.

0

2.97s

Question 25 If you were married at the end of 2019, even if you did

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

10

1.87s

Question 26 If you obtain a court decree of annulment in 2019, which

D. All of the above.

10

7.58s

Question 27 For 2019, the following is a stipulation that determines

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

10

2.37s

Question 28 Unreimbursed employee business expenses, such as job tra

C. Does not affect the office in the home deduction.

0

5.38s

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

D. All of the above.

10

6.30s

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

D. 100% deductible.

10

1.74s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1920x1080

Client IP:

47.154.109.217

Client Time:

Fri Oct 25 2019 12:46:53 GMT-0700 (Pacific Daylight Time)

Version:

Mozilla/5.0 (Windows NT 6.1; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/78.

Source URL:

https://herasincometaxschool.com/20taxlaw-review/

Candidate:

Roger Edward Pearce

User Identifier 2:

rp@stamplink.com

User Identifier 3:

A003569

User Identifier 4:

P00462432

User Identifier 5:

hera9980

Quiz Title:

2019 Federal Tax Updates

Overall Result:

PASS

Overall Score:

270/300

Percentage Score:

90

Passing Percentage:

70

Time Results Received:

Oct 24, 18:09:14, 2019

Time Spent:

00:45:40

Question Reference

Answer

Score

Time

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

C. Refundable.

10

145.05s

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

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

0

51.77s

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

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

10

96.26s

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

A. The qualifying property for Section 179 expensing now

10

174.84s

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

D. All of the above.

10

36.94s

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

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

10

169.95s

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

63.97s

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

C. Allows automobiles.

0

219.81s

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

D. Any of the above.

10

16.25s

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

A. 60% of your Adjusted Gross Income.

10

51.61s

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

C. Is routinely off-limits in the 2018 budget reconciliation

10

25.00s

Question Starting in 2018, the unreimbursed employee business expense

D. All of the above.

10

42.44s

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

D. All of the above.

10

47.35s

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

B. Only be 28 percent.

10

40.18s

Question Colleges and universities counted on the previous tax code t

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

10

86.77s

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

A. $12,000; $24,000

10

28.31s

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

B. On December 22, 2017, the new tax bill went into effect

10

129.59s

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

A. Repayment of supplemental unemployment benefits required

10

72.89s

Question The taxpayer must substantiate on a contemporaneous acknowle

B. A statement that goods or services consisted entirely of

0

318.22s

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

D. All of the above.

10

43.52s

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

B. $1,400.

10

21.93s

Question With the new tax legislation, alimony is treated differently

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

10

102.16s

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

39.69s

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

B. Achieving a Better Life Experience.

10

38.84s

Question The premium tax credit continues and thus taxpayers who cont

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

10

69.76s

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

C. Both A and B above.

10

244.85s

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

A. The “marriage penalty” or the higher tax bill is due

10

170.91s

Question You can discharge your federal and private student loan debt

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

10

83.77s

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

28.86s

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

D. All of the above.

10

62.23s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1920x1080

Client IP:

47.154.109.217

Client Time:

Thu Oct 24 2019 18:22:49 GMT-0700 (Pacific Daylight Time)

Version:

Mozilla/5.0 (Windows NT 6.1; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/77.

Source URL:

https://herasincometaxschool.com/reupdatesfinal/

Candidate:

Roger Edward Pearce

User Identifier 2:

rp@stamplink.com

User Identifier 3:

A003569

User Identifier 4:

P00462432

Quiz Title:

2020 Updates Review Questions

Overall Result:

PASS

Overall Score:

70/90

Percentage Score:

78

Passing Percentage:

70

Time Results Received:

Oct 23, 13:57:12, 2019

Time Spent:

00:01:54

Question Reference

Answer

Score

Time

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

B. $2,000

10

3.16s

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

C. Both A and B above.

10

32.01s

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

D. All of the above.

0

11.54s

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

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

10

14.70s

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

D. All of the above.

10

9.82s

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

13.68s

Question 7 The Affordable Care Act continues for another _______ and

B. Two years.

0

6.71s

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

12.17s

Question 9 The rules for employer-operated eating facilities remain

D. All of the above.

10

4.28s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1920x1080

Client IP:

47.154.109.217

Client Time:

Wed Oct 23 2019 14:53:20 GMT-0700 (Pacific Daylight Time)

Version:

Mozilla/5.0 (Windows NT 6.1; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/77.

Source URL:

https://herasincometaxschool.com/20updates-review/

Candidate:

Roger Edward Pearce

User Identifier 2:

rp@stamplink.com

User Identifier 3:

A003569

User Identifier 4:

P00462432

User Identifier 5:

hera9980

Quiz Title:

2018 Federal Tax Law Final Exam

Overall Result:

PASS

Overall Score:

460/500

Percentage Score:

92

Passing Percentage:

70

Time Results Received:

Oct 25, 13:40:09, 2019

Time Spent:

00:52:23

Question Reference

Answer

Score

Time

Question The highest 2018 tax rate is

C. 37 percent.

10

9.01s

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

67.02s

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

A. 10 percent.

10

48.32s

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

D. Any of the above.

10

36.73s

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

C. Being an expert at what you do or having staff that is.

0

50.28s

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

B. $10,000

10

68.29s

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

B. Form 1040-ES

10

63.45s

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

C. Both A and B above.

10

66.45s

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

C. Zero

10

144.53s

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

C. $13,300

10

100.41s

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

C. Form 1099-G.

10

33.28s

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

D. Any of the above.

10

56.69s

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

C. The lesser of A or B above.

10

36.50s

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

B.  20 percent

10

46.85s

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

C. The lesser of your or your spouse's earning or

10

68.79s

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

A. Exceeds $10,000.

10

44.96s

Question The rules for employer-operated eating facilities remain at

D. All of the above.

10

36.37s

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

D. Any of the above.

10

14.79s

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

C. $3,200

10

165.38s

Question For 2018, the maximum allowed depreciation expenses for pass

B. $25,000 limitation.

10

41.14s

Question The Earned Income Tax Credit remains unchanged under the new

B. Take into account adjustments for information.

10

46.75s

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

A. $1,000.

10

39.99s

Question For some eligible property with longer production periods, t

B. Certain qualified film, television and live theatrical

0

134.32s

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

B. Applied to maximum taxable income levels.

10

40.80s

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

C. Form 8949.

10

28.75s

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

B. $10,000.

10

22.95s

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

B. Emancipation Day.

10

62.44s

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

Asking your employer to make a direct rollover of your

10

84.55s

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

C. Both A and B above.

10

93.78s

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

B. $2,000

10

15.02s

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

108.45s

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

A. $21,000

10

34.22s

Question For 2018, the personal exemption which is normally adjusted

C. $12,000.

0

18.77s

Question The suspension of unreimbursed employee business deductions

A. The hobby losses will be completely eliminated.

10

38.27s

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

A. $50,000

10

52.83s

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

B. You have no qualified dividends from XYZ Corporation

10

103.33s

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

D. Any of the above.

10

29.80s

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

23.56s

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

C. 20 percent.

10

29.71s

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

C. Both A and B above.

10

87.02s

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

203.77s

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

A. $1,300 for 2018.

10

67.19s

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

D. All of the above.

10

55.72s

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

D. It would not matter as long as the expenses are made from

0

236.06s

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

A. $1,500.

10

44.23s

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

B. 100 percent.

10

20.08s

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

C. Security deposits and loans.

10

76.37s

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

C. Form 4868.

10

21.66s

Question Practically everything you received for your work or service

D. All of the above.

10

55.38s

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

A. Standard method.

10

32.06s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1920x1080

Client IP:

47.154.109.217

Client Time:

Fri Oct 25 2019 12:55:52 GMT-0700 (Pacific Daylight Time)

Version:

Mozilla/5.0 (Windows NT 6.1; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/78.

Source URL:

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