Candidate:

ZAFAR QURESHI

User Identifier 2:

zqureshi888@gmail.com

User Identifier 3:

A165574

User Identifier 4:

P01233543

User Identifier 5:

zqctec2018

Quiz Title:

2018 California Final Exam

Overall Result:

PASS

Overall Score:

190/250

Percentage Score:

76

Passing Percentage:

70

Time Results Received:

Oct 5, 10:48:12, 2018

Time Spent:

00:43:03

Question Reference

Answer

Score

Time

Question The following type of eligible medical expenses will change

D. None of the above will differ.

10

142.99s

Question We are mostly concerned with items that differ in preparing

A. You must account for the difference and make the

10

31.12s

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

53.23s

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

B. Tax Free for California tax purposes.

10

185.15s

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

D. All of the above.

10

276.52s

Question The following is a true statement about ridesharing fringe b

C. California law provides income exclusions for

10

85.46s

Question An exclusion from gross income of certain military pay recei

D. All of the above.

0

39.46s

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

32.27s

Question California does not conform to the federal standard deductio

A. The standard deduction amounts for California are

10

212.01s

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

A. Only if these amounts are subject to federal withholding.

0

128.58s

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

D. None, California does not allow a deduction for state and

10

239.53s

Question Upon filing a California domestic partnership with the state

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

10

51.70s

Question California offers tax breaks for businesses located in econ

D. All of the above.

10

29.15s

Question The annual contribution is adjusted for inflation as are mos

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

0

281.20s

Question Qualified bicycle commuting reimbursement exclusion has bee

C. Will not continue to offer the ability to claim this

0

109.33s

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

B. Tax planning strategies.

10

111.50s

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

A. Increases to 60%.

0

90.29s

Question The threshold percentage of unreimbursed medical expenses is

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

10

36.32s

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

96.97s

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

C. California does not conform to the federal

10

64.50s

Question There are many credits, deductions and employee fringe benef

D. None of the above.

10

22.91s

Question California agrees and has been conforming to the deduction o

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

10

49.68s

Question The new TCJA tax reform suspends all miscellaneous itemized

A. California does not conform to the federal suspension of

0

42.14s

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

C. Both A and B above.

10

57.83s

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

A. Reverse it for California tax purposes by entering the

10

97.76s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1536x864

Client IP:

206.80.26.106

Client Time:

Fri Oct 05 2018 11:04:27 GMT-0700 (Pacific Daylight Time)

Version:

Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/69

Source URL:

https://herasincometaxschool.com/recaliforniafinal/

Candidate:

ZAFAR QURESHI

User Identifier 2:

zqureshi888@gmail.com

User Identifier 3:

A165574

User Identifier 4:

P01233543

User Identifier 5:

zqctec2018

Quiz Title:

2019 California Review Questions

Overall Result:

PASS

Overall Score:

130/150

Percentage Score:

87

Passing Percentage:

70

Time Results Received:

Oct 4, 12:48:12, 2018

Time Spent:

00:09:58

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

37.53s

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

D. All of the above.

0

45.86s

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

D. All of the above.

10

26.04s

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

C. California will continue to allow moving expenses at the

10

55.45s

Question 5 California taxes the interest received from bonds that ar

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

10

33.38s

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

C. Both A and B above.

10

43.99s

Question 7 All depreciation methods used must be acceptable to Calif

B. Adjust your depreciation and the useful life of the

10

29.59s

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

D. Any of the above.

10

44.73s

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

39.51s

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

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

10

25.81s

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

D. California does not conform to all federal deferred

0

72.68s

Question 12 You must be able to identity what constitutes unemployme

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

10

33.21s

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

D. None, California conforms to the due diligence

10

34.04s

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

B. A California Renter's Credit Qualification

10

44.57s

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

D. None of the above.

10

20.30s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1536x864

Client IP:

206.80.26.106

Client Time:

Thu Oct 04 2018 13:37:09 GMT-0700 (Pacific Daylight Time)

Version:

Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/69

Source URL:

https://herasincometaxschool.com/18californiareview/

Candidate:

ZAFAR QURESHI

User Identifier 2:

zqureshi888@gmail.com

User Identifier 3:

A165574

User Identifier 4:

P01233543

User Identifier 5:

zqctec2018

Quiz Title:

2019 Ethics Review Questions

Overall Result:

PASS

Overall Score:

90/100

Percentage Score:

90

Passing Percentage:

70

Time Results Received:

Sep 28, 09:47:26, 2018

Time Spent:

00:04:15

Question Reference

Answer

Score

Time

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

D. All of the above.

10

10.64s

Question 2 You should probably modify your interview packets to incl

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

10

10.11s

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

C. Both A and B above.

0

40.06s

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

A. The practitioner must use reasonable efforts to identify

10

15.85s

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

D. All of the above.

10

10.04s

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

D. None of the above.

10

14.50s

Question 7 Tax advisors should provide clients with the highest qual

C. Establishing the facts, determining which facts are

10

54.07s

Question 8 Being convicted of any criminal offense under the revenue

D. Considered disreputable conduct.

10

24.57s

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

D. Any of the above.

10

45.65s

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

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

10

18.14s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1536x864

Client IP:

206.80.26.106

Client Time:

Fri Sep 28 2018 10:41:55 GMT-0700 (Pacific Daylight Time)

Version:

Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/69

Source URL:

https://herasincometaxschool.com/18ethicsreview/

Candidate:

ZAFAR QURESHI

User Identifier 2:

zqureshi888@gmail.com

User Identifier 3:

A165574

User Identifier 4:

P01233543

User Identifier 5:

zqctec2018

Quiz Title:

2019 Tax Ethics Final

Overall Result:

PASS

Overall Score:

190/200

Percentage Score:

95

Passing Percentage:

70

Time Results Received:

Sep 28, 10:50:55, 2018

Time Spent:

00:32:12

Question Reference

Answer

Score

Time

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

B. $520 for each failure.

10

23.15s

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

B. $520 penalty.

10

44.15s

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

D. All of the above.

10

40.20s

Question You need to answer the questions covering EITC eligibility o

C. Form 8867

10

19.74s

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

D. Any of the above.

10

118.64s

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

A. Questionable Forms W-2

10

92.47s

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

D. Any of the above.

10

17.63s

Question Providers must never put their address in fields reserved fo

C. Form 8453.

10

512.34s

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

A. Form 8867.

10

16.73s

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

B. Pre-signed authorizations

10

129.31s

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

B. Only when you prepared the tax return.

0

143.42s

Question The director of the Office of Professional Responsibility mu

A. 30 days

10

40.27s

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

A. Next 10 years.

10

121.93s

Question Filing electronically allows you to receive your refund much

A. 3 weeks.

10

169.31s

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

A. $520 for each missing form.

10

169.04s

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

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

10

68.95s

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

D. All of the above.

10

24.46s

Question You must go into your PTIN account and sign the ____________

B. Circular 230 Consent statement.

10

12.37s

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

B. Form W-7

10

90.50s

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

B. The District Director of the taxpayer.

10

56.91s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1536x864

Client IP:

206.80.26.106

Client Time:

Fri Sep 28 2018 11:17:42 GMT-0700 (Pacific Daylight Time)

Version:

Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/69

Source URL:

https://herasincometaxschool.com/reethicsfinal/

Candidate:

ZAFAR QURESHI

User Identifier 2:

zqureshi888@gmail.com

User Identifier 3:

A165574

User Identifier 4:

P01233543

User Identifier 5:

zqctec2018

Quiz Title:

2019 Federal Tax Updates

Overall Result:

PASS

Overall Score:

270/300

Percentage Score:

90

Passing Percentage:

70

Time Results Received:

Sep 20, 12:19:01, 2018

Time Spent:

00:42:14

Question Reference

Answer

Score

Time

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

122.06s

Question Starting in 2018, the unreimbursed employee business expense

D. All of the above.

10

25.62s

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

D. All of the above.

0

106.12s

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

A. $12,000; $24,000

10

73.14s

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

B. Only be 28 percent.

10

69.80s

Question You can discharge your federal and private student loan debt

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

10

123.59s

Question If an employer reimburses an employee for a business expense

B. The employee is no longer allowed to claim a tax

10

20.89s

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

33.07s

Question The rules for moving expenses have changed with the new Tax

D. All of the above.

10

22.06s

Question If you are both the owner and the beneficiary on both accoun

A. The funds rolled over from the 529 college savings

10

67.02s

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

A. 60% of your Adjusted Gross Income.

10

29.74s

Question Colleges and universities counted on the previous tax code t

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

10

29.10s

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

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

10

40.62s

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

C. Limited to $10,000 in total starting in 2018.

10

34.19s

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

D. All of the above.

10

28.52s

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

D. All of the above.

0

217.28s

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

C. Both A and B above.

10

38.70s

Question Many taxpayers are misinformed and believe that the Affordab

A. The ACA continues as if there is no Tax Cuts and Jobs Act

10

166.73s

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

A. Allows used property too.

10

24.52s

Question In 2018 and each year a passenger auto is depreciated, the d

C. Limited to the lesser of A or B above.

10

347.68s

Question After the 2017 and 2018 tax years in which the 7 5 percent m

B. Revert to 10 percent which means a lower medical

10

38.41s

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

138.25s

Question The premium tax credit continues and thus taxpayers who cont

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

10

50.86s

Question The taxpayer must substantiate on a contemporaneous acknowle

B. A statement that goods or services consisted entirely of

0

162.99s

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

D. All of the above.

10

173.56s

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

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

10

20.56s

Question If the employer chooses to provide the fringe benefit affect

A. The employer will be able to claim a tax deduction for

10

32.30s

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

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

10

195.59s

Question The Tax Cuts and Jobs Act (TCJA) has repealed the Affordable

C. The higher of A or B above.

10

55.16s

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

C. Refundable.

10

24.58s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1280x1024

Client IP:

206.80.26.106

Client Time:

Thu Sep 20 2018 12:36:12 GMT-0700 (Pacific Daylight Time)

Version:

Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/69

Source URL:

https://herasincometaxschool.com/reupdatesfinal/