Hera's
Income Tax School
Grade Book
www.herasincometaxschool.com (213)
454-0567
1-877-300-6837
Encourage others to learn
taxes with our Tax
School.
Welcome
Back!
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Student Name: |
Nadia Bobyk |
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Address: |
PO Box 41695 |
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City, State, Zip: |
Sacramento, CA 95841 |
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Email: |
lovelittlechildren@hotmail.com |
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Phone No.: |
(916) 716-4944 |
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CTEC No. : |
A042803 |
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PTIN: |
P00285944 |
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Oregon No. : |
NA |
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EA No.: |
NA |
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bobyknik |
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Course Type: |
Continuing Education |
2021 Continuing Tax
Education Courses
Tax Professional Registration
(Upon completion, please go to
ctec.org,
Oregon Board of Tax Practitioners,
Maryland or
New York Tax Preparer Registration
to complete your registration and
pay your fees)
Tracker -> 2021 Tax Law Review Questions -> Transcript
(Nadia Bobyk)
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2021 Tax Law Review Questions
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Question 1 The results compared to
previous results give us informat
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Question 2 Practically everything
you received for your work or serv
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B. Everything that you received in
exchange for work, be it
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Question 3
In 2019,
there are penalties for not filing a
required F
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Question 4 For 2019, Schedule B Part
III is where you report a finan
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Question 5 You can try to figure out
what to do about making sure th
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Question 6 What are the types of
calculation methods for claiming of
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Question 7 Individuals always
challenge the constitutionality of
tax
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Question 8 In 2019 or any tax year,
you should supply the taxing age
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B. The most correct information
requested on the tax forms
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Question 9 The Internal Revenue
Service will use the 2019 tax return
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Question 10 To determine if you must
file a tax return for 2019, you
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Question 11 Even if you are not
required to file a tax return for 20
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Question 12 You may be able to
include your child s interest and
div
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Question 13 You may have to file a
tax return for 2019 even if your
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Question 14 The head of household
filing status has more requirement
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A. To have supported a home for your
dependent for more than
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Question 15 If you do not itemize
deductions, you are entitled to a
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Question 16 Once you are married in
2019, you can file as
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B. Married Filing Separately.
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Question 17 You will most likely be
obligated to file a 2019 tax ret
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Question 18 For 2019, the new tax
law will now use the _______ which
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Question 19 For 2019, the new tax
law treatment of alimony payments
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Question 20 In 2019, the due
diligence requirement that has
always b
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Question 21 If you don t show proper
due diligence on how you qualif
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A. The IRS will impose a $520
penalty for each failure.
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Question 22 For 2018, it is
important that you be aware that you
can
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B. There is a new $500 nonrefundable
credit for dependents
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Question 23 For 2019, foreigners who
are individuals should apply fo
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B. No longer needs to attach a copy
of your tax return when
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Question 24 If you were married on
or before December 31, 2019, you
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C. You can be considered unmarried
for 2019.
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Question 25 If you were married at
the end of 2019, even if you did
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A. It is always your legal right to
file your tax return
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Question 26 If you obtain a court
decree of annulment in 2019, which
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Question 27 For 2019, the following
is a stipulation that determines
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B. You are known in the community as
holding a relationship
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Question 28 Unreimbursed employee
business expenses, such as job tra
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A. Affects the deduction of hobby
expenses.
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Question 29 The kiddie tax will most
likely apply until the year the
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Question 30 Business expenses are
those charges that you incur in ca
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Tracker -> 2021 Ethics Final -> Transcript (Nadia Bobyk)
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Question A ________ may be imposed,
per I R C §6695(f), on a return
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Question The director of the Office
of Professional Responsibility mu
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Question A preparer that is also a
financial institution, but has not
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Question For 2019, the following is
a true statement regarding practi
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D. It is reasonable for a
practitioner to rely on a
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Question In 2019, anytime an ERO
enters the taxpayer s PIN on the ele
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A. Must be signed by the taxpayer.
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Question The new thing this time
around is that an individual applyin
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Question The taxpayer who is issued
an ITIN is usually not eligible t
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A. These people are usually not
eligible for an SSN.
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Question Tax advisors should provide
clients with the highest quality
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C. Establishing the facts,
determining which facts are
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Question In tax year 2019, you can
represent taxpayers if you are
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Question Filing electronically
allows you to receive your refund
much
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Question A durable power of attorney
is a power of attorney which
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B. Specifies that the appointment of
the attorney-in-fact
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Question You must go into your PTIN
account and sign the ____________
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B. Circular 230 Consent statement.
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Question Your client may need to
file Form 8862 in 2019 and may be ba
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Question If you prepared a tax
return two years ago when you were
par
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A. At every stage of the tax returns
you prepare to be able
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Question The IRS can only allow so
much abuse and may start sending L
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A. $520 for each missing form.
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Question Providers must never put
their address in fields reserved fo
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Question You should probably modify
your interview packets to include
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A. Will not show due diligence but
the fact that you are
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Question You as a tax professional
are defined under the FTC as a fin
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Question You need to answer the
questions covering EITC eligibility
o
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Question A few things to consider,
even the most basic of things abou
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Tracker -> 2021 California Review Questions -> Transcript
(Nadia Bobyk)
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2021 California Review Questions
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Question 1 The TCJA tax reform
amended section 11(3) to provide a
pe
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B. We will continue to use the same
California Consumer
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Question 2 One of the tax planning
strategies is about knowing how n
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C. Does not conform with federal to
the changes to the NOL
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Question 3 As with married couples,
things happen in the relationshi
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Question 4 Moving expenses have been
suspended by the TCJA for tax y
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C. California will continue to allow
moving expenses at the
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Question 5 California taxes the
interest received from bonds that ar
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A. Look forward to paying the tax on
the interest earned
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Question 6 The new Tax Cuts and Job
Act has also revised the depreci
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Question 7 All depreciation methods
used must be acceptable to Calif
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B. Adjust your depreciation and the
useful life of the
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Question 8 California mainly
conforms to the federal tax law,
except
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Question 9 The new Tax Cuts and Jobs
Act of 2017 also brought change
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C. California wants to keep to the
original plan to help
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Question 10 In order to motivate
companies to make treatment drugs t
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C. No comparable credit but the
expenses can be repurposed.
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Question 11 There are benefits
offered by investing in a Roth IRA wh
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C. California conforms to federal
tax law on contributions,
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Question 12 You must be able to
identity what constitutes unemployme
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A. As far as California is
concerned, unemployment is not
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Question 13 Now the federal IRC has
due diligence requirements for q
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D. None, California conforms to the
due diligence
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Question 14 The nonrefundable renter
s credit, as with the other cre
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B. A California Renter's
Credit Qualification
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Question 15 If you didn t itemize
deductions on your federal tax ret
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Tracker -> 2021 California Final -> Transcript (Nadia Bobyk)
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Question On December
22, 2017, the new tax bill went into
effect inc
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Question An exclusion from gross
income of certain military pay recei
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B. California also does not conform
to allowing a joint
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Question The annual contribution is
adjusted for inflation as are mos
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B. $14,000 because California does
not conform to the
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Question Qualified bicycle commuting
reimbursement exclusion has been
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A. Does not conform to the
suspension.
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Question As with married couples,
things happen in the relationship t
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Question California does not conform
to the federal standard deductio
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A. The standard deduction amounts
for California are
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Question We are mostly concerned
with items that differ in preparing
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A. You must account for the
difference and make the
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Question The new Tax Cuts and Job
Act has also revised the depreciati
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Question There are many credits,
deductions and employee fringe benef
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Question The nonrefundable renter s
credit, as with the other credits
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B. A California Renter's
Credit Qualification
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Question In order to motivate
companies to make treatment drugs
that
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C. No comparable credit but the
expenses can be repurposed.
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Question The new TCJA tax reform
suspends all miscellaneous itemized
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Question This deduction can allow
you to take a deduction for up to 2
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A. California does not conform to
the new federal deduction
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Question New federal tax law limits
the NOL deduction to 80 percent o
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D. Will continue to allow NOLs to be
carried back two years
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Question Upon filing a California
domestic partnership with the state
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A. With this ruling, individuals of
the same sex can now
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Question You should consider tax
planning as part of your tax filing
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B. Tax planning strategies.
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Question Talking about students and
the tax benefits of being a stude
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A. Reverse it for California tax
purposes by entering the
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Question The new Tax Cut and Job Act
has changed our 2018 SALT The n
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D. None, California does not allow a
deduction for state and
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Question The provision in the new
Tax Cuts and Jobs Act allows studen
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Question The new Tax Cuts and Job
Act law has made the deduction for
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Question Due to the fact that the
Paid Family Leave (PFL) program is
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B. Tax Free for California tax
purposes.
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Question The following is a true
statement about ridesharing fringe b
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C. California law provides income
exclusions for
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Question One of the tax planning
strategies is about knowing how net
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C. Does not conform with federal to
the changes to the NOL
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Question Now the federal IRC has due
diligence requirements for qual
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D. None, California conforms to the
due diligence
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Question California taxes the
interest received from bonds that
are n
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A. Look forward to paying the tax on
the interest earned
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Tracker -> 2021 Updates Review Questions -> Transcript
(Nadia Bobyk)
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2021 Updates Review Questions
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Question 1 There are many changes
that came about with the new admin
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Question 2 The purpose of the AMT is
to effectively take back some o
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Question 3 The new deduction for
pass-through businesses was created
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Question 4 The kiddie tax will most
likely apply until the year the
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B. The child's net
unearned income for the year
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Question 5 The new Tax Cuts and Jobs
Act also brought change to Sect
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Question 6 There has been a major
change to the NOL carryforward and
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D. The new Tax Cuts and Jobs Act (TCJA)
reform amendments
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Question 7 The Affordable Care Act
continues for another _______ and
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Question 8 There are restrictions
placed on Congress as to what it c
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A. The repeal of the tax penalty is
not a repeal of the
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Question 9 The rules for
employer-operated eating facilities
remain
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Tracker -> 2021 Ethics Review Questions -> Transcript
(Nadia Bobyk)
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2021 Ethics Review Questions
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Question 1 To reduce your risk of
identity theft for 2019, you need
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Question 2 You should probably
modify your interview packets to
incl
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A. Will not show due diligence but
the fact that you are
|
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Question 3 In 2019, anytime an ERO
enters the taxpayer s PIN on the
|
A. Must be signed by the taxpayer.
|
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Question 4 For 2019, the following
is a true statement regarding pra
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A. The practitioner must use
reasonable efforts to identify
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Question 5 To qualify for continuing
tax education credit for an enr
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Question 6 With respect to any
matter administered by the Internal
R
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Question 7 Tax advisors should
provide clients with the highest
qual
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C. Establishing the facts,
determining which facts are
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Question 8 Being convicted of any
criminal offense under the revenue
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D. Considered disreputable conduct.
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Question 9 Subject to certain
limitations, an individual who is
not
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Question 10 A durable power of
attorney is a power of attorney
which
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B. Specifies that the appointment of
the attorney-in-fact
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Tracker -> 2021 Updates Final -> Transcript (Nadia Bobyk)
Summary
Report
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Candidate: |
Nadia Bobyk |
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User Identifier 2: |
lovelittlechildren@hotmail.com |
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User Identifier 3: |
A042803 |
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User Identifier 4: |
na |
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Quiz Title: |
2021 Updates Final |
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Overall Result: |
PASS |
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Overall Score: |
210/300 |
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Percentage Score: |
70 |
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Passing Percentage: |
70 |
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Time Results Received: |
Jul 30, 14:58:45, 2020 |
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Time Spent: |
00:41:54 |
Question
Breakdown
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Question Reference |
Answer |
Score |
Time |
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Question The general rule is
that a repeal of statutory
language that |
C. Is routinely off-limits in
the 2018 budget reconciliation |
10 |
58.01s |
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Question The kiddie tax will
most likely apply until the year
the chi |
B. The child's net
unearned income for the year |
0 |
36.58s |
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Question The premium tax credit
continues and thus taxpayers who
cont |
B. Is no intention in the code
for discontinuing the premium |
10 |
22.22s |
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Question What is the marriage
penalty? The TCJA of 2017 has
lowered |
A. The “marriage penalty” or the
higher tax bill is due |
10 |
59.01s |
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Question The new Tax Cuts and
Jobs Act (TCJA) has limitations
on the |
B. You definitely will be able
to carryback all of it. |
0 |
264.24s |
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Question The new Tax Cuts and
Job Act has also revised the
depreciati |
B. Up to $18,000 in first year
depreciation. |
0 |
186.70s |
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Question After the 2017 and 2018
tax years in which the 7 5
percent m |
A. Remain at 7.5%. |
10 |
11.49s |
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Question The Pease Limitation is
the overall limitation on
itemized d |
B. Effective January 1, 2018 and
before January 1, 2026, |
0 |
92.27s |
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Question If an employer
reimburses an employee for a
business expense |
B. The employee is no longer
allowed to claim a tax |
10 |
70.20s |
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Question New changes will be
implemented for the ABLE in the
course |
B. Achieving a Better Life
Experience. |
10 |
62.82s |
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Question If any part of your
payment toward a charitable
contribution |
C. Both A and B. |
10 |
43.45s |
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Question For 2019, if the
taxpayer is owed a refund, the
child tax cr |
A. $2,000. |
0 |
89.58s |
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Question If the employer chooses
to provide the fringe benefit
affect |
A. The employer will be able to
claim a tax deduction for |
10 |
17.71s |
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Question One of the main
provisions of the Obamacare is
the guarantee |
D. All of the above. |
10 |
39.31s |
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Question The new Tax Cuts and
Jobs Act also brought change to
Section |
D. All of the above. |
10 |
171.26s |
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Question The new deduction for
pass-through businesses was
created by |
A. The nature of the business
activity and the total income |
0 |
33.48s |
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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 |
17.44s |
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Question With the new tax
legislation, alimony is treated
differently |
A. Because now neither can the
payer deduct alimony, nor is |
10 |
39.73s |
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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 |
18.92s |
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Question The new Tax Cuts and
Jobs Act, has made adjustment to
the Se |
A. The qualifying property for
Section 179 expensing now |
10 |
273.40s |
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Question The new Tax Cut and Job
Act has changed our SALT for
2019 T |
A. Limited to $18,000 in total
starting in 2019. |
0 |
274.41s |
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Question How will the new IRA
recharacterization rules affect
taxpaye |
A. The new Tax Cuts and Jobs Act
(TCJA) has removed your |
10 |
41.68s |
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Question The Affordable Care Act
continues for another _______
and yo |
A. Year. |
10 |
30.97s |
|
Question Now amongst other
things, the new TCJA tax reform
will doubl |
A. Allows for a new $500 per
dependent. |
10 |
24.37s |
|
Question There are restrictions
placed on Congress as to what it
can |
A. The repeal of the tax penalty
is not a repeal of the |
10 |
165.39s |
|
Question Starting in 2019, the
unreimbursed employee business
expense |
B. Miscellaneous itemized
deductions, which are normally |
0 |
21.43s |
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Question The new Tax Cuts and
Jobs Act of 2017 will increase
the stan |
A. $12,200; $24,400 |
10 |
42.34s |
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Question In 2019, there are two
classes of businesses taken into
cons |
D. All of the above. |
10 |
155.66s |
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Question Starting in 2019, under
the new tax bill, children with
ITIN |
C. Refundable. |
10 |
32.68s |
|
Question The taxpayer must
substantiate on a
contemporaneous acknowle |
A. A statement that goods or
services consisted entirely of |
0 |
90.97s |
Technical
Record
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System Language: |
en-US |
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Operating System: |
Win32 |
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Screen Resolution: |
1920x1080 |
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Client IP: |
73.116.181.54 |
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Client Time: |
Thu Jul 30 15:16:02 PDT 2020 |
|
Version: |
Mozilla/5.0 (compatible; MSIE
9.0; Windows NT 10.0; WOW64;
Trident/7.0; .NET4.0C; .NET4.0E |
|
Source URL: |
https://herasincometaxschool.com/21updates-final/ |
|
2020 Continuing Tax
Education Courses
Tracker -> 2020 California
Review Questions -> Transcript (Nadia Bobyk)
Summary
Report
|
Candidate: |
Nadia
Bobyk |
|
User
Identifier 2: |
lovelittlechildren@hotmail.com |
|
User
Identifier 3: |
A042803 |
|
Quiz
Title: |
2020
California Review Questions |
|
Overall
Result: |
PASS |
|
Overall
Score: |
140/150 |
|
Percentage Score: |
93 |
|
Passing
Percentage: |
70 |
|
Time
Results Received: |
Sep 14,
12:27:42, 2019 |
|
Time
Spent: |
00:01:48 |
Question Breakdown
|
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 |
10.58s |
|
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 |
9.46s |
|
Question
3 As with married couples, things happen in the
relationshi |
D. All
of the above. |
10 |
18.28s |
|
Question
4 Moving expenses have been suspended by the TCJA for
tax y |
C.
California will continue to allow moving expenses at
the |
10 |
6.41s |
|
Question
5 California taxes the interest received from bonds
that ar |
A. Look
forward to paying the tax on the interest earned
|
10 |
3.72s |
|
Question
6 The new Tax Cuts and Job Act has also revised the
depreci |
C. Both
A and B above. |
10 |
5.49s |
|
Question
7 All depreciation methods used must be acceptable to
Calif |
B.
Adjust your depreciation and the useful life of the
|
10 |
6.33s |
|
Question
8 California mainly conforms to the federal tax law,
except |
D. Any
of the above. |
10 |
5.16s |
|
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 |
5.23s |
|
Question
10 In order to motivate companies to make treatment
drugs t |
C. No
comparable credit but the expenses can be repurposed. |
10 |
2.48s |
|
Question
11 There are benefits offered by investing in a Roth
IRA wh |
C.
California conforms to federal tax law on
contributions, |
10 |
8.19s |
|
Question
12 You must be able to identity what constitutes
unemployme |
A. As
far as California is concerned, unemployment is not
|
10 |
3.40s |
|
Question
13 Now the federal IRC has due diligence requirements
for q |
D. None,
California conforms to the due diligence |
10 |
6.38s |
|
Question
14 The nonrefundable renter s credit, as with the other
cre |
B. A
California Renter's Credit Qualification
|
10 |
5.77s |
|
Question
15 If you didn t itemize deductions on your federal tax
ret |
A. It is
impossible to itemize deductions on your 2019
|
0 |
2.29s |
|
Tracker -> 2018 California
Final Exam -> Transcript (Nadia Bobyk)
Summary
Report
|
Candidate: |
Nadia
Bobyk |
|
User
Identifier 2: |
lovelittlechildren@hotmail.com |
|
User
Identifier 3: |
A042803 |
|
User
Identifier 5: |
bobyknik |
|
Quiz
Title: |
2018
California Final Exam |
|
Overall
Result: |
PASS |
|
Overall
Score: |
240/250 |
|
Percentage Score: |
96 |
|
Passing
Percentage: |
70 |
|
Time
Results Received: |
Sep 14,
12:51:57, 2019 |
|
Time
Spent: |
00:19:14 |
Question Breakdown
|
Question Reference |
Answer |
Score |
Time |
|
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 |
222.36s |
|
Question
California offers tax breaks for businesses located in
econ |
D. All
of the above. |
10 |
16.58s |
|
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 |
19.59s |
|
Question
The threshold percentage of unreimbursed medical
expenses is |
A.
Differ - 10 percent for federal taxes and 7.5 percent
for |
10 |
12.93s |
|
Question
There are many credits, deductions and employee fringe
benef |
D. None
of the above. |
10 |
18.47s |
|
Question
The federal law changes to simplify the kiddie tax by
effect |
C.
California does not conform to the federal |
10 |
16.18s |
|
Question
California agrees and has been conforming to the
deduction o |
B. Does
not conform to the new federal limitation on the
|
10 |
23.05s |
|
Question
An exclusion from gross income of certain military pay
recei |
B.
California also does not conform to allowing a joint
|
10 |
307.03s |
|
Question
Due to the fact that the Paid Family Leave (PFL)
program is |
B. Tax
Free for California tax purposes. |
10 |
13.95s |
|
Question
Upon filing a California domestic partnership with the
state |
A. With
this ruling, individuals of the same sex can now
|
10 |
13.13s |
|
Question
The provision in the new Tax Cuts and Jobs Act allows
studen |
C. Both
A and B above. |
10 |
16.82s |
|
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 |
24.42s |
|
Question
Qualified bicycle commuting reimbursement exclusion has
bee |
A. Does
not conform to the suspension. |
10 |
17.45s |
|
Question
The new TCJA tax reform suspends all miscellaneous
itemized |
C. Both
A and B above. |
10 |
20.59s |
|
Question
We are mostly concerned with items that differ in
preparing |
A. You
must account for the difference and make the
|
10 |
10.84s |
|
Question
The following is a true statement about ridesharing
fringe b |
C.
California law provides income exclusions for
|
10 |
158.29s |
|
Question
On December 22, 2017, the new tax bill went into effect
incr |
D. All
of the above. |
10 |
12.13s |
|
Question
You should consider tax planning as part of your tax
filing |
B. Tax
planning strategies. |
10 |
15.34s |
|
Question
The new Tax Cuts and Job Act law has made the deduction
for |
A.
Increases to 60%. |
0 |
97.72s |
|
Question
California does not conform to the federal standard
deductio |
A. The
standard deduction amounts for California are
|
10 |
13.30s |
|
Question
The annual contribution is adjusted for inflation as
are mos |
B.
$14,000 because California does not conform to the
|
10 |
16.22s |
|
Question
The following type of eligible medical expenses will
change |
D. None
of the above will differ. |
10 |
10.13s |
|
Question
California conforms to the federal EITC as to the
federal la |
B. Only
if these amounts are subject to California |
10 |
23.95s |
|
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 |
20.49s |
|
Question
Talking about students and the tax benefits of being a
stude |
A.
Reverse it for California tax purposes by entering the
|
10 |
19.63s |
|
Tracker -> 2020 Ethics
Review Questions -> Transcript (Nadia Bobyk)
Summary
Report
|
Candidate: |
Nadia
Bobyk |
|
User
Identifier 2: |
lovelittlechildreen@hotmail.com |
|
User
Identifier 3: |
A042803 |
|
Quiz
Title: |
2020
Ethics Review Questions |
|
Overall
Result: |
PASS |
|
Overall
Score: |
90/100 |
|
Percentage Score: |
90 |
|
Passing
Percentage: |
70 |
|
Time
Results Received: |
Sep 11,
14:09:59, 2019 |
|
Time
Spent: |
00:01:30 |
Question Breakdown
|
Question Reference |
Answer |
Score |
Time |
|
Question
1 To reduce your risk of identity theft for 2019, you
need |
D. All
of the above. |
10 |
11.10s |
|
Question
2 You should probably modify your interview packets to
incl |
B. Will
show due diligence. |
0 |
6.39s |
|
Question
3 In 2019, anytime an ERO enters the taxpayer s PIN on
the |
A. Must
be signed by the taxpayer. |
10 |
5.57s |
|
Question
4 For 2019, the following is a true statement regarding
pra |
A. The
practitioner must use reasonable efforts to identify
|
10 |
15.37s |
|
Question
5 To qualify for continuing tax education credit for an
enr |
D. All
of the above. |
10 |
9.87s |
|
Question
6 With respect to any matter administered by the
Internal R |
D. None
of the above. |
10 |
5.78s |
|
Question
7 Tax advisors should provide clients with the highest
qual |
C.
Establishing the facts, determining which facts are
|
10 |
5.16s |
|
Question
8 Being convicted of any criminal offense under the
revenue |
D.
Considered disreputable conduct. |
10 |
6.96s |
|
Question
9 Subject to certain limitations, an individual who is
not |
D. Any
of the above. |
10 |
4.91s |
|
Question
10 A durable power of attorney is a power of attorney
which |
B.
Specifies that the appointment of the attorney-in-fact
|
10 |
14.71s |
|
Tracker -> 2019 Tax Ethics
Final -> Transcript (Nadia Bobyk)
Summary
Report
|
Candidate: |
Nadia
Bobyk |
|
User
Identifier 2: |
lovelittlechildren@hotmail.com |
|
User
Identifier 3: |
A042803 |
|
User
Identifier 5: |
bobyknik |
|
Quiz
Title: |
2019 Tax
Ethics Final |
|
Overall
Result: |
PASS |
|
Overall
Score: |
170/200 |
|
Percentage Score: |
85 |
|
Passing
Percentage: |
70 |
|
Time
Results Received: |
Sep 11,
14:23:41, 2019 |
|
Time
Spent: |
00:10:04 |
Question Breakdown
|
Question Reference |
Answer |
Score |
Time |
|
Question
You need to answer the questions covering EITC
eligibility o |
C. Form
8867 |
10 |
87.17s |
|
Question
For 2018, you must complete and submit _________ for
all pap |
A. Form
8867. |
10 |
35.98s |
|
Question
Filing electronically allows you to receive your refund
much |
A. 3
weeks. |
10 |
14.54s |
|
Question
The new thing this time around is that an individual
applyin |
B. Form
W-7 |
10 |
18.39s |
|
Question
The IRS can only allow so much abuse and may start
sending L |
A. $520
for each missing form. |
10 |
43.88s |
|
Question
Tax preparation is your profession and you should
always fol |
D. Any
of the above. |
10 |
29.94s |
|
Question
Your client may need to file Form 8862 in 2018 and may
be ba |
B. Next
5 years. |
0 |
37.96s |
|
Question
You as a tax professional are defined under the FTC as
a fin |
D. All
of the above. |
10 |
33.09s |
|
Question
The director of the Office of Professional
Responsibility mu |
A. 30
days |
10 |
18.99s |
|
Question
Starting in 2018, you can represent taxpayers if you
are |
D. Any
of the above. |
10 |
12.26s |
|
Question
You must go into your PTIN account and sign the
____________ |
C. Form
8453. |
0 |
41.46s |
|
Question
Under IRC section 6692(g), the new tax law Tax Cuts and
Jobs |
B. $520
for each failure. |
10 |
17.96s |
|
Question
The IRS has identified ___________ as a key indicator
of pot |
A.
Questionable Forms W-2 |
10 |
14.60s |
|
Question
Providers must never put their address in fields
reserved fo |
C. Form
8453. |
10 |
59.14s |
|
Question
A ________ may be imposed, per I R C §6695(f), on a
return |
B. $520
penalty. |
10 |
9.05s |
|
Question
The taxpayer who is issued an ITIN is usually not
eligible t |
A. These
people are usually not eligible for an SSN. |
10 |
38.51s |
|
Question
The ERO may use ___________ as authority to input the
taxpa |
B.
Pre-signed authorizations |
10 |
14.28s |
|
Question
An examining officer, or other Service officer or
employee w |
A. The
clients of the tax preparer |
0 |
34.93s |
|
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 |
19.67s |
|
Question
A few things to consider, even the most basic of things
abou |
D. All
of the above. |
10 |
11.48s |
|
Tracker -> 2020 Updates
Review Questions -> Transcript (Nadia Bobyk)
Summary
Report
|
Candidate: |
Nadia Bobyk |
|
User
Identifier 2: |
lovelittlechildren@hotmail.com |
|
User
Identifier 3: |
A042803 |
|
Quiz Title: |
2020 Updates
Review Questions |
|
Overall
Result: |
PASS |
|
Overall
Score: |
80/90 |
|
Percentage
Score: |
89 |
|
Passing
Percentage: |
70 |
|
Time Results
Received: |
Sep 11,
06:56:29, 2019 |
|
Time Spent: |
00:02:22 |
Question Breakdown
|
Question
Reference |
Answer |
Score |
Time |
|
Question 1
There are many changes that came about with the new admin
|
B. $2,000 |
10 |
8.43s |
|
Question 2
The purpose of the AMT is to effectively take back some o
|
C. Both A
and B above. |
10 |
4.45s |
|
Question 3
The new deduction for pass-through businesses was created
|
D. All of
the above. |
0 |
4.26s |
|
Question 4
The kiddie tax will most likely apply until the year the
|
B. The
child's net unearned income for the year
|
10 |
88.73s |
|
Question 5
The new Tax Cuts and Jobs Act also brought change to Sect
|
D. All of
the above. |
10 |
6.93s |
|
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 |
5.76s |
|
Question 7
The Affordable Care Act continues for another _______ and
|
A. Year. |
10 |
6.88s |
|
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 |
6.64s |
|
Question 9
The rules for employer-operated eating facilities remain
|
D. All of
the above. |
10 |
6.63s |
|
Tracker -> 2019 Federal Tax
Updates -> Transcript (Nadia Bobyk)
Summary
Report
|
Candidate: |
Nadia Bobyk |
|
User
Identifier 2: |
lovelittlechildren@hotmail.com |
|
User
Identifier 3: |
A042803 |
|
User
Identifier 5: |
bobyknik |
|
Quiz Title: |
2019 Federal
Tax Updates |
|
Overall
Result: |
PASS |
|
Overall
Score: |
250/300 |
|
Percentage
Score: |
83 |
|
Passing
Percentage: |
70 |
|
Time Results
Received: |
Sep 14,
10:14:09, 2019 |
|
Time Spent: |
00:19:35 |
Question Breakdown
|
Question
Reference |
Answer |
Score |
Time |
|
Question In
2018, the part of the entertainment expense that is for m
|
A. 50% of
your business-related meal expenses which is |
10 |
47.63s |
|
Question Now
amongst other things, the new TCJA tax reform will doubl
|
A. Allows
for a new $500 per dependent. |
10 |
20.41s |
|
Question For
2018, the deduction for casualty and theft losses has be
|
C. Both A
and B above. |
10 |
44.44s |
|
Question If
an employer reimburses an employee for a business expense
|
B. The
employee is no longer allowed to claim a tax |
10 |
55.04s |
|
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 |
19.10s |
|
Question If
your Adjusted Gross Income is $35,000, you can contribute
|
A. 60% of
your Adjusted Gross Income. |
10 |
23.02s |
|
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 |
33.50s |
|
Question
Everything else very much remains the same as to the
qualifi |
A. Allows
for a $500 credit for other dependents who are |
10 |
8.32s |
|
Question
After the 2017 and 2018 tax years in which the 7 5 percent
m |
A. remain at
7.5% for at least 5 years. |
0 |
8.24s |
|
Question If
any part of your payment toward a charitable contribution
|
C. Both A
and B. |
10 |
79.18s |
|
Question It
has always been that only new property placed in service
|
A. Allows
used property too. |
10 |
32.16s |
|
Question The
new Tax Cuts and Jobs Act of 2017 will increase the stan
|
A. $12,000;
$24,000 |
10 |
73.26s |
|
Question In
2018 and each year a passenger auto is depreciated, the d
|
A. The
section 280F limitation. |
0 |
18.16s |
|
Question If
you are both the owner and the beneficiary on both accoun
|
A. The funds
rolled over from the 529 college savings |
10 |
11.59s |
|
Question
What are these adjustments to income that help you arrive
at |
A. Repayment
of supplemental unemployment benefits required |
10 |
36.89s |
|
Question
What is the marriage penalty? The TCJA of 2017 has lowered
t |
D. All of
the above. |
0 |
7.48s |
|
Question
Other than being at a tax bracket of 39 6% and being taxed
a |
D. All of
the above. |
10 |
60.12s |
|
Question If
the employer chooses to provide the fringe benefit affect
|
A. The
employer will be able to claim a tax deduction for
|
10 |
25.65s |
|
Question The
premium tax credit continues and thus taxpayers who cont
|
B. Is no
intention in the code for discontinuing the premium |
10 |
27.82s |
|
Question
Colleges and universities counted on the previous tax code
t |
A. Many
colleges and universities can still rely on the
|
0 |
8.15s |
|
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 |
10.72s |
|
Question New
changes will be implemented for the ABLE in the course o
|
B. Achieving
a Better Life Experience. |
10 |
7.98s |
|
Question The
Pease Limitation is the overall limitation on itemized d
|
C. This
means that you will be seeing this section on |
0 |
88.76s |
|
Question How
will the new IRA recharacterization rules affect taxpaye
|
A. The new
Tax Cuts and Jobs Act (TCJA) has removed your |
10 |
23.19s |
|
Question One
of the main provisions of the Obamacare is the guarantee
|
D. All of
the above. |
10 |
96.01s |
|
Question In
2018, the deduction for a pass through qualified trade or
|
A. 20% of
QBI. |
10 |
38.45s |
|
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 |
8.38s |
|
Question
There are two items you must consider in your ability to
ded |
B. $750,000
of your home mortgage debt. |
10 |
10.79s |
|
Question The
general rule is that a repeal of statutory language that
|
C. Is
routinely off-limits in the 2018 budget reconciliation |
10 |
202.71s |
|
Question In
2018, there are two classes of businesses taken into cons
|
D. All of
the above. |
10 |
28.74s |
|
Tracker -> 2020
Tax Law Review Questions -> Transcript (Nadia Bobyk)
Summary
Report
|
Candidate: |
Nadia Bobyk |
|
User
Identifier 2: |
lovelittlechildren@hotmail.com |
|
User
Identifier 3: |
A042803 |
|
Quiz Title: |
2020 Tax Law
Review Questions |
|
Overall
Result: |
PASS |
|
Overall
Score: |
280/300 |
|
Percentage
Score: |
93 |
|
Passing
Percentage: |
70 |
|
Time Results
Received: |
Sep 14,
11:14:48, 2019 |
|
Time Spent: |
00:08:23 |
Question Breakdown
|
Question
Reference |
Answer |
Score |
Time |
|
Question 1
The results compared to previous results give us informat
|
A. Rising
prices. |
10 |
15.94s |
|
Question 2
Practically everything you received for your work or serv
|
D. All of
the above. |
10 |
329.37s |
|
Question 3
In 2019, there are penalties for not filing a required F
|
C. Both A or
B above. |
10 |
8.16s |
|
Question 4
For 2019, Schedule B Part III is where you report a finan
|
D. Any of
the above. |
10 |
4.94s |
|
Question 5
You can try to figure out what to do about making sure th
|
C. Both A
and B above. |
10 |
5.49s |
|
Question 6
What are the types of calculation methods for claiming of
|
C. Either A
or B above. |
10 |
4.11s |
|
Question 7
Individuals always challenge the constitutionality of tax
|
C. Both A
and B above. |
10 |
5.19s |
|
Question 8
In 2019 or any tax year, you should supply the taxing age
|
D. All of
the above. |
0 |
3.67s |
|
Question 9
The Internal Revenue Service will use the 2019 tax return
|
D. All of
the above. |
10 |
3.48s |
|
Question 10
To determine if you must file a tax return for 2019, you
|
C. Both A
and B above. |
10 |
4.66s |
|
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 |
4.07s |
|
Question 12
You may be able to include your child s interest and div
|
D. Any of
the above. |
10 |
4.87s |
|
Question 13
You may have to file a tax return for 2019 even if your
|
D. Only A
and B above. |
10 |
17.89s |
|
Question 14
The head of household filing status has more requirement
|
A. To have
supported a home for your dependent for more than |
10 |
4.67s |
|
Question 15
If you do not itemize deductions, you are entitled to a
|
B. January
2, 1955 |
10 |
3.55s |
|
Question 16
Once you are married in 2019, you can file as |
B. Married
Filing Separately. |
10 |
8.13s |
|
Question 17
You will most likely be obligated to file a 2019 tax ret
|
D. Any of
the above. |
10 |
4.80s |
|
Question 18
For 2019, the new tax law will now use the _______ which
|
A. Chained
CPI |
10 |
3.99s |
|
Question 19
For 2019, the new tax law treatment of alimony payments
|
C. Either A
or B above. |
10 |
5.84s |
|
Question 20
In 2019, the due diligence requirement that has always b
|
D. All of
the above. |
10 |
4.43s |
|
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 |
5.33s |
|
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 |
3.35s |
|
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 |
5.38s |
|
Question 24
If you were married on or before December 31, 2019, you
|
C. You can
be considered unmarried for 2019. |
10 |
3.34s |
|
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 |
4.06s |
|
Question 26
If you obtain a court decree of annulment in 2019, which
|
D. All of
the above. |
10 |
3.70s |
|
Question 27
For 2019, the following is a stipulation that determines
|
B. You are
known in the community as holding a relationship
|
10 |
5.40s |
|
Question 28
Unreimbursed employee business expenses, such as job tra
|
A. Affects
the deduction of hobby expenses. |
10 |
2.82s |
|
Question 29
The kiddie tax will most likely apply until the year the
|
D. All of
the above. |
10 |
4.17s |
|
Question 30
Business expenses are those charges that you incur in ca
|
D. 100%
deductible. |
10 |
3.78s |
|
Tracker -> 2018 Federal Tax Law
Final Exam -> Transcript (Nadia Bobyk)
Summary
Report
|
Candidate: |
Nadia Bobyk |
|
User
Identifier 2: |
lovelittlechildren@hotmail.com |
|
User
Identifier 3: |
A042803 |
|
User
Identifier 5: |
bobyknik |
|
Quiz Title: |
2018 Federal
Tax Law Final Exam |
|
Overall
Result: |
PASS |
|
Overall
Score: |
460/500 |
|
Percentage
Score: |
92 |
|
Passing
Percentage: |
70 |
|
Time Results
Received: |
Sep 14,
12:10:59, 2019 |
|
Time Spent: |
00:45:07 |
Question Breakdown
|
Question
Reference |
Answer |
Score |
Time |
|
Question The
highest 2018 tax rate is |
C. 37
percent. |
10 |
25.02s |
|
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 |
47.41s |
|
Question
Under the new Tax Cuts and Jobs Act, a qualified 2016 disas
|
A. 10
percent. |
10 |
169.65s |
|
Question
Under the new tax law, Starting in 2018 the qualifying
prope |
D. Any of
the above. |
10 |
27.61s |
|
Question For
2018, you must prove or be ready to prove that you have
|
D. All of
the above. |
10 |
39.07s |
|
Question For
2018, if we have $10,000 hobby income and $10,000 hobby
|
B. $10,000 |
10 |
50.03s |
|
Question
Estimated tax is the method used to pay Social Security and
|
B. Form
1040-ES |
10 |
39.89s |
|
Question The
new Tax Cuts and Jobs Act expenses that are still deduct
|
A.
Entertainment, amusement and recreation expenses which
|
0 |
104.91s |
|
Question If
you are single and receive $25,000 is Social Security ben
|
D. $10,000. |
0 |
333.06s |
|
Question
When a taxpayer dies, his standard deduction is what it
woul |
C. $13,300 |
10 |
231.13s |
|
Question For
2018, unemployment benefits are fully taxable and the be
|
C. Form
1099-G. |
10 |
23.01s |
|
Question The
Tax Cuts and Jobs Act did not make any changes to the IR
|
D. Any of
the above. |
10 |
44.89s |
|
Question
Starting in 2018, as it relates to listed property, each
yea |
C. The
lesser of A or B above. |
10 |
45.99s |
|
Question For
2018, a mandatory ______ withholding rate applies to eli
|
B. 20
percent |
10 |
28.11s |
|
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 |
31.58s |
|
Question For
2018, a report on Foreign Bank and Financial Accounts, g
|
A. Exceeds
$10,000. |
10 |
18.63s |
|
Question The
rules for employer-operated eating facilities remain at
|
D. All of
the above. |
10 |
42.35s |
|
Question You
must keep records in 2018 to substantiate your tax retur
|
D. Any of
the above. |
10 |
11.59s |
|
Question If
you are married, you can only take an additional standard
|
C. $3,200 |
10 |
36.10s |
|
Question For
2018, the maximum allowed depreciation expenses for pass
|
B. $25,000
limitation. |
10 |
15.42s |
|
Question The
Earned Income Tax Credit remains unchanged under the new
|
B. Take into
account adjustments for information. |
10 |
80.52s |
|
Question If
you expect your 2018 tax liability to be ________ or more
|
A. $1,000. |
10 |
10.53s |
|
Question For
some eligible property with longer production periods, t
|
B. Certain
qualified film, television and live theatrical |
0 |
52.27s |
|
Question For
2018, under the new Tax Cuts and Jobs Act, the three cap
|
B. Applied
to maximum taxable income levels. |
10 |
24.72s |
|
Question In
2018, you generally must report sales and other dispositi
|
C. Form
8949. |
10 |
45.98s |
|
Question For
2018, if you are required to file an FBAR and fail to do
|
B. $10,000. |
10 |
49.23s |
|
Question In
2018 this end of January date was January 29, 2018 In 20
|
B.
Emancipation Day. |
10 |
60.05s |
|
Question In
2018, if you are entitled to a lump-sum distribution from
|
B. Making a
tax-free rollover within the 90 day period. |
0 |
82.39s |
|
Question
There are things you must consider in your ability to
deduct |
C. Both A
and B above. |
10 |
40.41s |
|
Question You
may claim on Form 8863 a Lifetime Learning credit of up
|
B. $2,000 |
10 |
15.90s |
|
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 |
32.58s |
|
Question You
are allowed to contribute and deduct up to 60% of your A
|
A. $21,000 |
10 |
25.70s |
|
Question For
2018, the personal exemption which is normally adjusted
|
B. $0 |
10 |
46.71s |
|
Question The
suspension of unreimbursed employee business deductions
|
A. The hobby
losses will be completely eliminated. |
10 |
43.23s |
|
Question For
2018, you are required to report information about asset
|
A. $50,000 |
10 |
136.04s |
|
Question To
further illustrate, you bought 5,000 shares of XYZ Corp
|
B. You have
no qualified dividends from XYZ Corporation |
10 |
17.59s |
|
Question For
2018, there are many things you can do to keep good reco
|
D. Any of
the above. |
10 |
33.98s |
|
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 |
68.99s |
|
Question
There is a penalty for receiving an excessive claim for
refu |
C. 20
percent. |
10 |
19.89s |
|
Question You
can try to figure out what to do about making sure the I
|
C. Both A
and B above. |
10 |
22.04s |
|
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 |
24.72s |
|
Question The
older or blind individuals will continue to receive an a
|
A. $1,300
for 2018. |
10 |
52.24s |
|
Question The
new deduction for pass-through businesses was created by
|
D. All of
the above. |
10 |
20.03s |
|
Question You
must also consider the time when you make certain expens
|
C. Both A
and B above. |
10 |
119.58s |
|
Question For
2018, the simplified method at arriving at your deductib
|
A. $1,500. |
10 |
28.72s |
|
Question For
2018, expenses that would normally have nothing to do wi
|
B. 100
percent. |
10 |
48.97s |
|
Question
Business income is any income received from the sale of
your |
C. Security
deposits and loans. |
10 |
18.96s |
|
Question You
can request an automatic extension of time to file a 201
|
C. Form
4868. |
10 |
29.49s |
|
Question
Practically everything you received for your work or
service |
D. All of
the above. |
10 |
20.19s |
|
Question For
2018, you would deduct a percentage of these expenses -
|
A. Standard
method. |
10 |
41.34s |
|
2018/2019 Tax Education
 |
State Hours |
Ethics Hours |
Updates Hours |
Tax Law Hours |
How Many
Hours? |
|
Assign
Score |
Exam
Score |
Completed Date |
Submission File |
Comments |
|
Tax Updates 2018 |
|
|
3 |
|
3 |
|
A+ |
B+ |
9/06/18 |
Please
Scroll down to view results |
Excellent! |
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Tax
Law 2018 |
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10 |
10 |
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A+ |
C+ |
9/14/18 |
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Excellent! |
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Tax
Ethics 2018 |
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2 |
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2 |
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B- |
9/06/18 |
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Excellent! |
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California Specific 2018 |
5 |
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5 |
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A |
B |
9/03/18 |
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Excellent! |
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Total Hours: |
20 |
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Print Certificate |
18020 |
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IRS Notified |
9/14/18 |
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Current GPA: |
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CTEC Notified |
9/14/18 |
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Cumulative GPA: |
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Oregon |
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Honor Roll List? |
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EA |
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2018/2019 Results:
|
Tax Law"
has a new submission |
Here
are the details of the submission:
-
Student Name:
Nadia Bobyk
- Email:
lovelittlechildren@hotmail.com
- CTEC
Number:
A042803
- 1. The
results compared to previous results give
us information about our economy –
inflation or deflation. This tells us if
the economy is good in 2018 or if it is
not doing so well. By inflation we mean
A. Rising prices.
- 2.
Practically everything you received for
your work or services is taxable. This
applies to 2018 or any tax year.
Additionally,
B. Everything that you received in
exchange for work, be it cash, property,
or services in exchange are taxed as if
paid in cash.
- 3. In
2018, there are penalties for not filing
a required FBAR. Regardless of whether
you must file a FBAR, you may have to
A. File Form 8938 to disclose your
ownership of specified foreign financial
assets.
- 4. For
2018, Schedule B Part III is where you
report a financial interest or signature
authority over a financial account
located in a foreign country. A financial
account includes
D. Any of the above.
- 5. You
can try to figure out what to do about
making sure the IRS does not treat your
business as a hobby and this includes
diligently running your business as a
business and not as a hobby and this
especially important after tax year 2018.
Another thing to look into is the IRS
safe-harbor rules. These rules state that
C. Both A and B above.
- 6.
What are the types of calculation methods
for claiming office in the home for 2018?
C. Either A or B above.
- 7.
Individuals always challenge the
constitutionality of taxation. An
instance when the challenge of tax laws
was successful was
C. Both A and B above.
- 8. In
2018 or any tax year, you should supply
the taxing agencies with
D. All of the above.
- 9. The
Internal Revenue Service will use the
2018 tax return information you supply
D. All of the above.
- 10. To
determine if you must file a tax return
for 2018, you must include in your gross
income,
C. Both A and B above.
- 11.
Even if you are not required to file a
tax return for 2018, you should consider
filing
A. If you had income tax withheld from
your pay.
- 12.
You may be able to include your child's
interest and dividend income on your 2018
tax return if
D. Any of the above.
- 13.
You may have to file a tax return for
2018 even if your gross income is less
than the required amounts if you
D. Only A and B above.
- 14.
The head of household filing status has
more requirements to be met than the
other filing statuses. One of these
requirements for 2018 is
A. To have supported a home for your
dependent for more than half the cost of
maintaining the home.
- 15 If
you do not itemize deductions, you are
entitled to a higher standard deduction
if you are 65 or older at the end of the
tax year. For 2018, you are considered 65
on the day before your 65th birthday.
Therefore, you can take a higher standard
deduction for 2018 if you were born
before
B. January 2, 1954
- 16.
Once you are married in 2018, you can
file as
B. Married Filing Separately.
- 17.
You will most likely be obligated to file
a 2018 tax return if
D. Any of the above.
- 18.
For 2018, the new tax law will now use
the _______ which grows slower than the
traditional consumer price index.
A. Chained CPI
- 19.
For 2018, the new tax law treatment of
alimony payments will apply to payments
that are required under divorce or
separation instruments that are
C. Either A or B above.
- 20. In
2018, the due diligence requirement that
has always been in place for the Earned
income credit is also now available for
D. All of the above.
- 21. If
you don't show proper due diligence on
how you qualified your client for the
head of household filing status for 2018,
A. The IRS will impose a $520 penalty for
each failure.
- 22.
For 2018, it is important that you be
aware that you cannot claim the earned
income credit using an ITIN, except that
B. There is a new $500 nonrefundable
credit for dependents with an ITIN.
- 23.
For 2018, foreigners who are individuals
should apply for an Individual Taxpayer
Identification Number (ITIN) on Form W-7.
Each applicant for an ITIN
D. Can only apply in person with an
authorized agent.
- 24. If
you were married on or before December
31, 2018, you can either be Married
filing jointly or Married Filing separate
for tax year 2018. However, you can
probably qualify for Head of Household
filing status if
C. You can be considered unmarried for
2018.
- 25. If
you were married at the end of 2018, even
if you did not live with your spouse at
the end of 2018 you can use the Married
Filing Jointly filing status. However,
you don't have to. In addition,
A. It is always your legal right to file
your tax return separately.
- 26. If
you obtain a court decree of annulment in
2018, which holds that no valid marriage
ever existed, you
D. All of the above.
- 27.
For 2018, the following is a stipulation
that determines if you are indeed in a
common law marriage.
B. You are known in the community as
holding a relationship as a married
couple.
- 28.
Unreimbursed employee business expenses,
such as job travel, union dues, job
education, et al, is suspended starting
with tax year 2018. The suspension of
this deduction
A. Affects the deduction of hobby
expenses.
- 29.
The kiddie tax will most likely apply
until the year the child reaches age 24.
The 2018 requirement for the kiddie tax
is
D. All of the above.
- 30.
Business expenses are those charges that
you incur in carrying on your trade or
business. If your business operates to
make a profit in 2018, these expenses are
usually
D. 100% deductible.
|
|
Tax Law"
has a new submission |
Here
are the details of the submission:
-
Student Name:
Nadia Bobyk
- Email:
lovelittlechildren@hotmail.com
- CTEC
Number:
A042803
- 1. The
results compared to previous results give
us information about our economy –
inflation or deflation. This tells us if
the economy is good in 2018 or if it is
not doing so well. By inflation we mean
A. Rising prices.
- 2.
Practically everything you received for
your work or services is taxable. This
applies to 2018 or any tax year.
Additionally,
B. Everything that you received in
exchange for work, be it cash, property,
or services in exchange are taxed as if
paid in cash.
- 3. In
2018, there are penalties for not filing
a required FBAR. Regardless of whether
you must file a FBAR, you may have to
A. File Form 8938 to disclose your
ownership of specified foreign financial
assets.
- 4. For
2018, Schedule B Part III is where you
report a financial interest or signature
authority over a financial account
located in a foreign country. A financial
account includes
D. Any of the above.
- 5. You
can try to figure out what to do about
making sure the IRS does not treat your
business as a hobby and this includes
diligently running your business as a
business and not as a hobby and this
especially important after tax year 2018.
Another thing to look into is the IRS
safe-harbor rules. These rules state that
C. Both A and B above.
- 6.
What are the types of calculation methods
for claiming office in the home for 2018?
C. Either A or B above.
- 7.
Individuals always challenge the
constitutionality of taxation. An
instance when the challenge of tax laws
was successful was
C. Both A and B above.
- 8. In
2018 or any tax year, you should supply
the taxing agencies with
D. All of the above.
- 9. The
Internal Revenue Service will use the
2018 tax return information you supply
D. All of the above.
- 10. To
determine if you must file a tax return
for 2018, you must include in your gross
income,
C. Both A and B above.
- 11.
Even if you are not required to file a
tax return for 2018, you should consider
filing
A. If you had income tax withheld from
your pay.
- 12.
You may be able to include your child's
interest and dividend income on your 2018
tax return if
D. Any of the above.
- 13.
You may have to file a tax return for
2018 even if your gross income is less
than the required amounts if you
D. Only A and B above.
- 14.
The head of household filing status has
more requirements to be met than the
other filing statuses. One of these
requirements for 2018 is
A. To have supported a home for your
dependent for more than half the cost of
maintaining the home.
- 15 If
you do not itemize deductions, you are
entitled to a higher standard deduction
if you are 65 or older at the end of the
tax year. For 2018, you are considered 65
on the day before your 65th birthday.
Therefore, you can take a higher standard
deduction for 2018 if you were born
before
D. January 2, 1952
- 16.
Once you are married in 2018, you can
file as
C. Married Filing jointly only.
- 17.
You will most likely be obligated to file
a 2018 tax return if
D. Any of the above.
- 18.
For 2018, the new tax law will now use
the _______ which grows slower than the
traditional consumer price index.
A. Chained CPI
- 19.
For 2018, the new tax law treatment of
alimony payments will apply to payments
that are required under divorce or
separation instruments that are
B. Have been modified after that date and
if the modification specifically states
that the new tax law now applies.
- 20. In
2018, the due diligence requirement that
has always been in place for the Earned
income credit is also now available for
D. All of the above.
- 21. If
you don't show proper due diligence on
how you qualified your client for the
head of household filing status for 2018,
A. The IRS will impose a $520 penalty for
each failure.
- 22.
For 2018, it is important that you be
aware that you cannot claim the earned
income credit using an ITIN, except that
B. There is a new $500 nonrefundable
credit for dependents with an ITIN.
- 23.
For 2018, foreigners who are individuals
should apply for an Individual Taxpayer
Identification Number (ITIN) on Form W-7.
Each applicant for an ITIN
D. Can only apply in person with an
authorized agent.
- 24. If
you were married on or before December
31, 2018, you can either be Married
filing jointly or Married Filing separate
for tax year 2018. However, you can
probably qualify for Head of Household
filing status if
C. You can be considered unmarried for
2018.
- 25. If
you were married at the end of 2018, even
if you did not live with your spouse at
the end of 2018 you can use the Married
Filing Jointly filing status. However,
you don't have to. In addition,
A. It is always your legal right to file
your tax return separately.
- 26. If
you obtain a court decree of annulment in
2018, which holds that no valid marriage
ever existed, you
D. All of the above.
- 27.
For 2018, the following is a stipulation
that determines if you are indeed in a
common law marriage.
B. You are known in the community as
holding a relationship as a married
couple.
- 28.
Unreimbursed employee business expenses,
such as job travel, union dues, job
education, et al, is suspended starting
with tax year 2018. The suspension of
this deduction
A. Affects the deduction of hobby
expenses.
- 29.
The kiddie tax will most likely apply
until the year the child reaches age 24.
The 2018 requirement for the kiddie tax
is
D. All of the above.
- 30.
Business expenses are those charges that
you incur in carrying on your trade or
business. If your business operates to
make a profit in 2018, these expenses are
usually
D. 100% deductible.
|
Tracker -> 2018
Federal Tax Law Final Exam ->
Transcript (Nadia Bobyk)
Summary Report
|
Candidate: |
Nadia Bobyk |
|
User Identifier 2: |
lovelittlechildren@hotmail.com |
|
User Identifier 3: |
A042803 |
|
User Identifier 4: |
na |
|
User Identifier 5: |
bobyknik |
|
Quiz Title: |
2018 Federal Tax Law Final
Exam |
|
Overall Result: |
PASS |
|
Overall Score: |
380/500 |
|
Percentage Score: |
76 |
|
Passing Percentage: |
70 |
|
Time Results Received: |
Sep 9, 16:40:23, 2018 |
|
Time Spent: |
00:47:28 |
Question Breakdown
|
Question Reference |
Answer |
Score |
Time |
|
Question You are allowed to
contribute and deduct up to
60% of your A |
A. $21,000 |
10 |
23.44s |
|
Question If you are single
and receive $25,000 is
Social Security ben
|
A. $25,000. |
0 |
47.55s |
|
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 |
47.50s |
|
Question The highest 2018
tax rate is |
C. 37 percent. |
10 |
5.22s |
|
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 |
17.77s |
|
Question For 2018, the
maximum allowed depreciation
expenses for pass
|
B. $25,000 limitation. |
10 |
91.31s |
|
Question For 2018, to be
able to deduct 50% of your
meals as a busine
|
D. Eaten at your place of
business. |
0 |
23.06s |
|
Question For 2018, a report
on Foreign Bank and
Financial Accounts, g
|
A. Exceeds $10,000. |
10 |
75.14s |
|
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 |
155.39s |
|
Question Business income is
any income received from the
sale of your |
C. Security deposits and
loans. |
10 |
24.52s |
|
Question For 2018, expenses
that would normally have
nothing to do wi
|
B. 100 percent. |
10 |
20.71s |
|
Question In 2018, if you are
entitled to a lump-sum
distribution from
|
D. None of the above. |
0 |
11.24s |
|
Question Estimated tax is
the method used to pay
Social Security and
|
B. Form 1040-ES |
10 |
15.22s |
|
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 |
74.20s |
|
Question Under the new Tax
Cuts and Jobs Act, a
qualified 2016 disas
|
B. 20 percent. |
0 |
39.35s |
|
Question The Tax Cuts and
Jobs Act did not make any
changes to the IR
|
D. Any of the above. |
10 |
24.94s |
|
Question The older or blind
individuals will continue to
receive an a |
A. $1,300 for 2018. |
10 |
27.95s |
|
Question For 2018, there are
many things you can do to
keep good reco |
D. Any of the above. |
10 |
11.24s |
|
Question Practically
everything you received for
your work or service
|
D. All of the above. |
10 |
22.31s |
|
Question For 2018, if you
are required to file an FBAR
and fail to do |
B. $10,000. |
10 |
41.36s |
|
Question The suspension of
unreimbursed employee
business deductions
|
A. The hobby losses will be
completely eliminated. |
10 |
27.52s |
|
Question For 2018,
unemployment benefits are
fully taxable and the be
|
C. Form 1099-G. |
10 |
18.87s |
|
Question For 2018, if we
have $10,000 hobby income
and $10,000 hobby
|
B. $10,000 |
10 |
11.65s |
|
Question The Earned Income
Tax Credit remains unchanged
under the new |
D. Help needy families. |
0 |
70.47s |
|
Question If you expect your
2018 tax liability to be
________ or more
|
A. $1,000. |
10 |
93.76s |
|
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 |
19.50s |
|
Question For 2018, the
personal exemption which is
normally adjusted
|
B. $0 |
10 |
12.23s |
|
Question You can request an
automatic extension of time
to file a 201 |
C. Form 4868. |
10 |
32.60s |
|
Question To further
illustrate, you bought 5,000
shares of XYZ Corp
|
B. You have no qualified
dividends from XYZ
Corporation |
10 |
12.40s |
|
Question The new Tax Cuts
and Jobs Act expenses that
are still deduct
|
D. None, the TCJA tax reform
has completely suspended
this |
0 |
29.80s |
|
Question In 2018, you
generally must report sales
and other dispositi
|
C. Form 8949. |
10 |
41.85s |
|
Question For 2018, under the
new Tax Cuts and Jobs Act,
the three cap |
B. Applied to maximum
taxable income levels. |
10 |
158.06s |
|
Question For 2018, you would
deduct a percentage of these
expenses - |
A. Standard method. |
10 |
102.61s |
|
Question If you are married,
you can only take an
additional standard
|
C. $3,200 |
10 |
9.89s |
|
Question There are things
you must consider in your
ability to deduct
|
C. Both A and B above. |
10 |
17.87s |
|
Question The rules for
employer-operated eating
facilities remain at
|
A. The facility is located
on or near the
employer's |
0 |
187.34s |
|
Question The new deduction
for pass-through businesses
was created by |
D. All of the above. |
10 |
25.14s |
|
Question You may claim on
Form 8863 a Lifetime
Learning credit of up
|
B. $2,000 |
10 |
59.71s |
|
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 |
32.67s |
|
Question There is a penalty
for receiving an excessive
claim for refu |
C. 20 percent. |
10 |
17.20s |
|
Question For 2018, a
mandatory ______ withholding
rate applies to eli
|
B. 20 percent |
10 |
126.89s |
|
Question For some eligible
property with longer
production periods, t
|
D. Any of the above. |
0 |
195.74s |
|
Question Starting in 2018,
as it relates to listed
property, each yea
|
C. The lesser of A or B
above. |
10 |
113.22s |
|
Question For 2018, the
simplified method at
arriving at your deductib
|
A. $1,500. |
10 |
10.04s |
|
Question You can try to
figure out what to do about
making sure the I
|
C. Both A and B above. |
10 |
78.50s |
|
Question You must keep
records in 2018 to
substantiate your tax retur
|
D. Any of the above. |
10 |
98.44s |
|
Question For 2018, you are
required to report
information about asset
|
C. $10,000. |
0 |
152.33s |
|
Question In 2018 this end of
January date was January 29,
2018 In 20 |
B. Emancipation Day. |
10 |
6.29s |
|
Question Under the new tax
law, Starting in 2018 the
qualifying prope
|
D. Any of the above. |
10 |
64.68s |
|
Question When a taxpayer
dies, his standard deduction
is what it woul |
B. $13,600 |
0 |
191.64s |
Technical Record
|
System Language: |
en-US |
|
Operating System: |
Win32 |
|
Screen Resolution: |
1920x1080 |
|
Client IP: |
24.10.64.198 |
|
Client Time: |
Sun Sep 9 16:52:02 PDT 2018 |
|
Version: |
Mozilla/5.0 (compatible;
MSIE 9.0; Windows NT 6.3;
WOW64; Trident/7.0;
.NET4.0E; .NET4.0C; |
|
Source URL: |
https://herasincometaxschool.com/relawfinal/ |
|
|
"Updates"
submission |
Here
are the details of the submission:
- Your
Name:
Nadia Bobyk
- Your
Email:
lovelittlechildren@hotmail.com
- CTEC
Number:
A042803
- 1.
There are many changes that came about
with the new administration. One of these
is the increase of the Child Tax Credit
signed into law by President Trump. It is
quite simple really. The new amount for
2018 increases from $1,000 per child to
B. $2,000
- 2. The
purpose of the AMT is to effectively take
back some of the tax breaks allowed for
regular tax purposes. For 2018, the AMT
is an additional tax that you may owe if
you claimed
C. Both A and B above.
- 3. The
new deduction for pass-through businesses
was created by the Tax Cuts and Jobs Act
(TCJA) of 2017 and this deduction can
allow you to take a deduction for up to
20% on income from your sole
proprietorship, partnership and other
business such as S corporations that are
pass-through businesses. The amount of
the deduction that you can take for 2018
will vary depending on
D. All of the above.
- 4. The
kiddie tax will most likely apply until
the year the child reaches age 24. For
tax year 2018, the following is a
requirement for the kiddie tax.
B. The child's net unearned income for
the year exceeds $2,100 income threshold
for 2018.
- 5. The
new Tax Cuts and Jobs Act also brought
change to Section 529 plans. This 2018
tax change actually expands the benefits
of 529 savings plans. Furthermore,
D. All of the above.
- 6.
There has been a major change to the NOL
carryforward and carryback rules and a
new limitation on NOL utilization has
been added. The following is this change.
D. The new Tax Cuts and Jobs Act (TCJA)
reform amendments allow indefinite
carryforwards of these NOLs.
- 7. The
Affordable Care Act continues for another
_______ and you must continue to comply
in 2018 or be forced to pay a shared
responsibility payment.
B. Two years.
- 8.
There are restrictions placed on Congress
as to what it can and what it cannot do
and these restrictions apply to the
repealing of the individual mandate to
acquire basic essential health insurance
coverage. For 2018, this means that
A. The repeal of the tax penalty is not a
repeal of the individual mandate
provision.
- 9. The
rules for employer-operated eating
facilities remain at only 50% deductible
for 2018. Section 123(e)(2) provides that
meals can be tax-free if
D. All of the above.
|
|
California-Review-Questions"
submission |
Here
are the details of the submission:
- Your
Name:
Nadia Bobyk
- Your
email:
lovelittlechildren@hotmail.com
- Your
CTEC Number:
A042803
- 1. The
TCJA tax reform amended section 11(3) to
provide a permanent cost-of-living
adjustment based on the Chained Consumer
Price Index for all Urban consumers
(C-CPI-U). For 2018, in California
B. We will continue to use the same
California Consumer Price Index in 2018
we have always used.
- 2. One
of the tax planning strategies is about
knowing how net operating losses will
work out for your business. A business
would normally incur greater losses in
the first years of operation. This is
called a Net Operating Loss (NOL). For
2018, California
C. Does not conform with federal to the
changes to the NOL provisions.
- 3. As
with married couples, things happen in
the relationship that requires a change.
If the same sex couple decides that they
no longer want to file jointly for 2018,
D. All of the above.
- 4.
Moving expenses have been suspended by
the TCJA for tax years starting in 2018.
Moving expenses were deductible only when
you if met certain conditions related to
distance from the taxpayer's previous
residence and the taxpayer's status as a
full-time employee in the new location.
Keep these previous moving expense
requirements in mind for California
because for 2018
C. California will continue to allow
moving expenses at the same federal
rules.
- 5.
California taxes the interest received
from bonds that are not from California
except the United States Bonds previously
discussed. This means that if you hold
any non-California bonds other than U.S.
Bonds, such as Indian tribal bonds, or
bonds received from other states or
possessions, for 2018, you need to
A. Look forward to paying the tax on the
interest earned from these bonds.
- 6. The
new Tax Cuts and Job Act has also revised
the depreciation limits on luxury autos
for 2018. A new luxury auto placed in
service in 2018 can receive up to $18,000
in first year depreciation for federal.
Additionally,
C. Both A and B above.
- 7. All
depreciation methods used must be
acceptable to California. If you moved
your business property to California in
2018, you must
B. Adjust your depreciation and the
useful life of the property to acceptable
California methods.
- 8.
California mainly conforms to the federal
tax law, except for issues involving
residency status and you may be able to
deduct up to $2,500 of the interest you
actually paid for the year for your
student loan. For 2018, California does
not conform
D. Any of the above.
- 9. The
new Tax Cuts and Jobs Act of 2017 also
brought changes to Section 529 plans.
This change actually expands the benefits
of 529 savings plans for federal for 2018
and beyond. However,
C. California wants to keep to the
original plan to help families pay for
college education for their child for
2018 and beyond. Not just for any
education but only for college education.
- 10. In
order to motivate companies to make
treatment drugs that would otherwise
would not yield a profit, the Orphan Drug
credit has been created. In 2018,
California has
C. No comparable credit but the expenses
can be repurposed.
- 11.
There are benefits offered by investing
in a Roth IRA which you may not get when
you invest in a traditional individual
retirement account. You can make
contributions to a Roth IRA regardless of
your age. You may also be able to claim a
credit for federal for contributions you
make to your Roth IRA in 2018. However,
in 2018
C. California conforms to federal tax law
on contributions, conversions, and
distributions of Roth IRAs.
I
am not sure if California does conform -
You may want to look this one up to make
sure.
- 12.
You must be able to identify what
constitutes unemployment compensation and
what does not. Usually it is very simple.
You go to the unemployment office and you
seek compensation because you are out of
work. For California, the following is
also true about unemployment compensation
for tax year 2018.
A. As far as California is concerned,
unemployment is not taxable so you don’t
have to worry about asking for California
tax withholding from your unemployment
compensation.
- 13.
Now the federal IRC has due diligence
requirements for qualifying taxpayers for
the head of household filing status and
for 2018, California conforms to the due
diligence requirements and thus you must
pay to California
D. None, California conforms to the due
diligence requirements but does not
conform with federal in charging $520 for
each failure.
- 14.
The nonrefundable renter's credit, as
with the other credits, must be carefully
substantiated. With the California
nonrefundable renter's credit, it is a
little easier as it basically only
requires that you answer a few questions
as to the qualifications. For 2018, you
must fill out
B. A California Renter's Credit
Qualification record.
- 15. If
you didn't itemize deductions on your
federal tax return for 2018, then
A. It is impossible
to itemize deductions on your
California tax return.
Incorrect
I don't thing your response to 15 is
correct. Please look at the rules for this
one. |
| |
Tracker ->
2019 Federal Tax Updates
-> Transcript (Nadia Bobyk)
Summary Report
|
Candidate: |
Nadia Bobyk |
|
User Identifier 2: |
lovelittlechildren@hotmail.com |
|
User Identifier 3: |
A042803 |
|
User Identifier 4: |
na |
|
User Identifier 5: |
bobyknik |
|
Quiz Title: |
2019 Federal Tax Updates
|
|
Overall Result: |
PASS |
|
Overall Score: |
260/300 |
|
Percentage Score: |
87 |
|
Passing Percentage: |
70 |
|
Time Results Received: |
Aug 31, 16:16:22, 2018 |
|
Time Spent: |
00:41:00 |
Question Breakdown
|
Question Reference |
Answer |
Score |
Time |
|
Question In 2018, there are
two classes of businesses
taken into cons |
D. All of the above. |
10 |
119.84s |
|
Question The new tax
legislation, which the
President signed into law
|
D. All of the above. |
10 |
51.36s |
|
Question The TCJA of 2017
has brought changes to the
way pass through
|
|
0 |
5.53s |
|
Question With the new tax
legislation, alimony is
treated differently
|
A. Because now neither can
the payer deduct it, nor is
the |
10 |
29.05s |
|
Question For 2018, the
deduction for casualty and
theft losses has be
|
C. Both A and B above. |
10 |
42.89s |
|
Question In 2018 and each
year a passenger auto is
depreciated, the d
|
C. Limited to the lesser of
A or B above. |
10 |
76.13s |
|
Question You can discharge
your federal and private
student loan debt
|
B. Will no longer be treated
as taxable income by the
|
10 |
24.30s |
|
Question The new Tax Cuts
and Jobs Act (TCJA) has
limitations on the
|
B. You definitely will be
able to carryback all of it. |
0 |
48.10s |
|
Question The Pease
Limitation is the overall
limitation on itemized d
|
D. None of the above. |
0 |
220.80s |
|
Question In 2018, the
deduction for a pass through
qualified trade or
|
A. 20% of QBI. |
10 |
104.67s |
|
Question One of the main
provisions of the Obamacare
is the guarantee
|
A. There are certain minimum
coverage standards which are
|
0 |
99.26s |
|
Question What are these
adjustments to income that
help you arrive at
|
A. Repayment of supplemental
unemployment benefits
required |
10 |
121.44s |
|
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 |
83.68s |
|
Question Colleges and
universities counted on the
previous tax code t
|
B. The Tax Cuts and Job Act
has repealed the rule that
|
10 |
43.56s |
|
Question If your Adjusted
Gross Income is $35,000, you
can contribute |
A. 60% of your Adjusted
Gross Income. |
10 |
115.47s |
|
Question New changes will be
implemented for the ABLE in
the course o |
B. Achieving a Better Life
Experience. |
10 |
33.23s |
|
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 |
183.97s |
|
Question The taxpayer must
substantiate on a
contemporaneous acknowle
|
C. Both A and B above. |
10 |
98.77s |
|
Question The premium tax
credit continues and thus
taxpayers who cont
|
B. Is no intention in the
code for discontinuing the
premium |
10 |
185.22s |
|
Question The Tax Cuts and
Jobs Act (TCJA) has repealed
the Affordable |
C. The higher of A or B
above. |
10 |
21.38s |
|
Question The alternative
minimum tax will continue
with the new Tax C
|
B. Only be 28 percent. |
10 |
36.70s |
|
Question If the employer
chooses to provide the
fringe benefit affect
|
A. The employer will be able
to claim a tax deduction for
|
10 |
213.36s |
|
Question The rules for
moving expenses have changed
with the new Tax
|
D. All of the above. |
10 |
17.68s |
|
Question Starting in 2018,
the unreimbursed employee
business expense
|
D. All of the above. |
10 |
46.28s |
|
Question For 2018, the TCJA
retains the historic
rehabilitation tax c
|
D. All of the above. |
10 |
128.33s |
|
Question The new Tax Cuts
and Job Act has also revised
the depreciati |
B. Up to $18,000 in first
year depreciation. |
10 |
90.32s |
|
Question Other than being at
a tax bracket of 39 6% and
being taxed a |
D. All of the above. |
10 |
57.85s |
|
Question In 2018, the part
of the entertainment expense
that is for m |
A. 50% of your
business-related meal
expenses which is
|
10 |
18.56s |
|
Question If an employer
reimburses an employee for a
business expense
|
B. The employee is no longer
allowed to claim a tax
|
10 |
20.88s |
|
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 |
93.91s |
Technical Record
|
System Language: |
en-US |
|
Operating System: |
Win32 |
|
Screen Resolution: |
1920x1080 |
|
Client IP: |
24.10.64.198 |
|
Client Time: |
Fri Aug 31 16:33:59 PDT 2018 |
|
Version: |
Mozilla/5.0 (compatible;
MSIE 9.0; Windows NT 6.3;
WOW64; Trident/7.0;
.NET4.0E; .NET4.0C; |
|
Source URL: |
https://herasincometaxschool.com/reupdatesfinal/ |
|
Tracker ->
2019 Tax Ethics Final
-> Transcript (Nadia Bobyk)
Summary Report
|
Candidate: |
Nadia Bobyk |
|
User Identifier 2: |
lovelittlechildren@hotmail.com |
|
User Identifier 3: |
A042803 |
|
User Identifier 4: |
na |
|
User Identifier 5: |
bobyknik |
|
Quiz Title: |
2019 Tax Ethics Final
|
|
Overall Result: |
PASS |
|
Overall Score: |
160/200 |
|
Percentage Score: |
80 |
|
Passing Percentage: |
70 |
|
Time Results Received: |
Sep 1, 15:33:21, 2018 |
|
Time Spent: |
00:28:45 |
Question Breakdown
|
Question Reference |
Answer |
Score |
Time |
|
Question A few things to
consider, even the most
basic of things abou
|
D. All of the above. |
10 |
46.05s |
|
Question The ERO may use
___________ as authority to
input the taxpa |
B. Pre-signed authorizations |
10 |
103.23s |
|
Question The director of the
Office of Professional
Responsibility mu
|
A. 30 days |
10 |
109.70s |
|
Question You as a tax
professional are defined
under the FTC as a fin
|
D. All of the above. |
10 |
27.38s |
|
Question The IRS has
identified ___________ as a
key indicator of pot
|
A. Questionable Forms W-2 |
10 |
17.41s |
|
Question The new thing this
time around is that an
individual applyin
|
A. Form 8453. |
0 |
118.28s |
|
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 |
147.60s |
|
Question For 2018, you must
complete and submit
_________ for all pap
|
A. Form 8867. |
10 |
77.66s |
|
Question The taxpayer who is
issued an ITIN is usually
not eligible t |
A. These people are usually
not eligible for an SSN. |
10 |
46.14s |
|
Question You need to answer
the questions covering EITC
eligibility o |
C. Form 8867 |
10 |
35.99s |
|
Question A preparer that is
also a financial
institution, but has not
|
D. Any of the above. |
10 |
181.06s |
|
Question The IRS can only
allow so much abuse and may
start sending L |
A. $520 for each missing
form. |
10 |
365.45s |
|
Question Your client may
need to file Form 8862 in
2018 and may be ba
|
D. Next 2 years. |
0 |
32.73s |
|
Question An examining
officer, or other Service
officer or employee w
|
B. The District Director of
the taxpayer. |
10 |
132.74s |
|
Question Providers must
never put their address in
fields reserved fo
|
B. Pre-signed authorizations |
0 |
110.94s |
|
Question Tax preparation is
your profession and you
should always fol
|
A. Suspension. |
0 |
44.03s |
|
Question Filing
electronically allows you to
receive your refund much
|
A. 3 weeks. |
10 |
23.36s |
|
Question Under IRC section
6692(g), the new tax law Tax
Cuts and Jobs |
B. $520 for each failure. |
10 |
38.02s |
|
Question Starting in 2018,
you can represent taxpayers
if you are |
D. Any of the above. |
10 |
13.04s |
|
Question A ________ may be
imposed, per I R C §6695(f),
on a return |
B. $520 penalty. |
10 |
43.80s |
Technical Record
|
System Language: |
en-US |
|
Operating System: |
Win32 |
|
Screen Resolution: |
1920x1080 |
|
Client IP: |
24.10.64.198 |
|
Client Time: |
Sat Sep 1 16:03:45 PDT 2018 |
|
Version: |
Mozilla/5.0 (compatible;
MSIE 9.0; Windows NT 6.3;
WOW64; Trident/7.0;
.NET4.0E; .NET4.0C; |
|
Source URL: |
https://herasincometaxschool.com/reethicsfinal/ |
|
Tracker ->
2018 California
Final Exam
-> Transcript (Nadia Bobyk)
Summary Report
|
Candidate: |
Nadia Bobyk |
|
User Identifier 2: |
lovelittlechildren@hotmail.com |
|
User Identifier 3: |
A042803 |
|
User Identifier 4: |
na |
|
User Identifier 5: |
bobyknik |
|
Quiz Title: |
2018 California Final Exam
|
|
Overall Result: |
PASS |
|
Overall Score: |
210/250 |
|
Percentage Score: |
84 |
|
Passing Percentage: |
70 |
|
Time Results Received: |
Sep 3, 16:16:43, 2018 |
|
Time Spent: |
00:54:24 |
Question Breakdown
|
Question Reference |
Answer |
Score |
Time |
|
Question The following type
of eligible medical expenses
will change |
D. None of the above will
differ. |
10 |
133.16s |
|
Question We are mostly
concerned with items that
differ in preparing
|
A. You must account for the
difference and make the
|
10 |
223.33s |
|
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 |
24.95s |
|
Question Due to the fact
that the Paid Family Leave (PFL)
program is |
B. Tax Free for California
tax purposes. |
10 |
24.70s |
|
Question On December 22,
2017, the new tax bill went
into effect incr
|
D. All of the above. |
10 |
202.15s |
|
Question The following is a
true statement about
ridesharing fringe b
|
A. Under California tax law
there are monthly limits for
the |
0 |
259.64s |
|
Question An exclusion from
gross income of certain
military pay recei
|
D. All of the above. |
0 |
136.28s |
|
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 |
61.52s |
|
Question California does not
conform to the federal
standard deductio
|
A. The standard deduction
amounts for California are
|
10 |
89.52s |
|
Question California conforms
to the federal EITC as to
the federal la |
B. Only if these amounts are
subject to California
|
10 |
267.84s |
|
Question The new Tax Cut and
Job Act has changed our 2018
SALT The n |
B. $10,000 |
0 |
124.74s |
|
Question Upon filing a
California domestic
partnership with the state
|
A. With this ruling,
individuals of the same sex
can now |
10 |
25.66s |
|
Question California offers
tax breaks for businesses
located in econ |
D. All of the above. |
10 |
154.64s |
|
Question The annual
contribution is adjusted for
inflation as are mos
|
B. $14,000 because
California does not conform
to the |
10 |
160.67s |
|
Question Qualified bicycle
commuting reimbursement
exclusion has bee
|
A. Does not conform to the
suspension. |
10 |
90.28s |
|
Question You should consider
tax planning as part of your
tax filing |
B. Tax planning strategies. |
10 |
23.37s |
|
Question The new Tax Cuts
and Job Act law has made the
deduction for |
D. Is Zero because
California does not conform. |
0 |
99.55s |
|
Question The threshold
percentage of unreimbursed
medical expenses is
|
A. Differ - 10 percent for
federal taxes and 7.5
percent for |
10 |
249.29s |
|
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 |
59.50s |
|
Question The federal law
changes to simplify the
kiddie tax by effect
|
C. California does not
conform to the federal
|
10 |
117.70s |
|
Question There are many
credits, deductions and
employee fringe benef
|
D. None of the above. |
10 |
184.69s |
|
Question California agrees
and has been conforming to
the deduction o |
B. Does not conform to the
new federal limitation on
the |
10 |
143.41s |
|
Question The new TCJA tax
reform suspends all
miscellaneous itemized
|
C. Both A and B above. |
10 |
110.09s |
|
Question The provision in
the new Tax Cuts and Jobs
Act allows studen
|
C. Both A and B above. |
10 |
197.56s |
|
Question Talking about
students and the tax
benefits of being a stude
|
A. Reverse it for California
tax purposes by entering the
|
10 |
85.93s |
Technical Record
|
System Language: |
en-US |
|
Operating System: |
Win32 |
|
Screen Resolution: |
1920x1080 |
|
Client IP: |
24.10.64.198 |
|
Client Time: |
Mon Sep 3 16:18:13 PDT 2018 |
|
Version: |
Mozilla/5.0 (compatible;
MSIE 9.0; Windows NT 6.3;
WOW64; Trident/7.0;
.NET4.0E; .NET4.0C; |
|
Source URL: |
https://herasincometaxschool.com/recaliforniafinal/ |
|
2018 Continuing Tax
Education Courses
20 Hour Tax Course 2017
-
20 Hour California Continuing Tax Education
|
Tax Professional Registration
(Upon completion, please go to ctec.org to pay
CTEC fees) |
|
|
|
Registration Status:
Registration Type: CE
Education
|
20 Hour Tax Course 2015:
Click
on the following to complete this course:
2014 Tax
Education:
2013 Tax Education:
|
Tax Topic Name |
Federal
tax Law |
Tax Updates Hours |
Tax Ethics Hours |
State Hrs |
Total Hrs |
Assign. Score |
Comp Date |
Quiz Score |
Comp Date |
|
File |
File |
Comments |
|
Subject 1 - Tax law |
10 |
|
|
|
|
77% |
8-17-2013 |
91% |
9-07-2013 |
8.4 |
Results |
Results |
Super! |
|
Subject 2 - Updates |
|
3 |
|
|
|
100% |
9-08-2013 |
100% |
9-08-2013 |
3.0 |
Results |
Results |
Perfect! |
|
Subject 3 - Ethics |
|
|
2 |
|
|
90% |
9-08-2013 |
75% |
9-27-2013 |
1.65 |
Results |
Results |
Super! |
|
Subject 4 - CA |
|
|
|
5 |
|
92% |
9-26-2013 |
70% |
9-26-2013 |
4.05 |
Results |
Results |
Super! |
|
Final |
|
|
|
|
|
x |
|
87% |
9-27-2013 |
|
Results |
|
Super! |
| |
|
|
|
|
|
|
|
|
|
.855 |
|
|
|
|
Total Hours: |
10 |
3 |
2 |
5 |
20 |
|
|
|
|
|
Certificate Link |
Certificate |
|
| |
|
|
|
|
|
|
|
|
|
|
IRS Notified |
9-27-2013 |
|
|
Current GPA: |
86% |
|
|
|
|
|
|
|
|
|
CTEC Notified |
9-27-2013 |
|
|
Cumulative GPA: |
83% |
|
|
|
|
|
|
|
|
|
Oregon |
NA |
|
| Honor Roll List? |
Yes! |
|
|
|
|
|
|
|
|
|
EA |
NA |
|
2012 Tax Education:
2011 Tax Education:
|
Course Name |
Federal Tax Law |
Updates Hours |
Ethics Hours |
State Hrs |
Total Hrs |
Score |
Completed Date |
Submission File |
Submission File |
Comments |
|
Segment 1 |
4 |
|
|
|
|
70% |
7-20-2011 |
thinkwave |
|
Good! |
|
Segment 2 |
2 |
|
|
|
|
75% |
7-18-2011 |
thinkwave |
|
Great! |
|
Segment 3 |
4 |
|
|
|
|
85% |
7-29-2011 |
thinkwave |
|
Excellent! |
|
Segment 4 |
|
3 |
|
|
|
76% |
7-29-2011 |
thinkwave |
|
Excellent! |
|
Segment 5 |
|
|
2 |
|
|
70% |
9-15-2011 |
Results |
|
|
|
Segment F-5 |
|
|
2
|
|
|
75%
|
8-8-2011
|
|
|
Great! |
|
Segment 6 |
|
|
|
5 |
|
80% |
7-18-2011 |
thinkwave |
|
Excellent! |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total: |
10 |
3 |
2 |
5 |
20 |
|
8-31-2011
|
Certificate Link |
Certificate |
Excellent! All done! |
|
|
|
|
|
|
|
|
|
IRS Notified |
NA |
|
|
Current GPA: |
76% |
|
|
|
|
|
|
CTEC Notified |
8-31-2011 |
|
|
Cumulative GPA: |
76% |
|
|
|
|
|
|
Oregon |
NA |
|
|
|
|
|
|
|
|
|
|
EA |
NA |
|
|
