3-1 Assignment

n n e? Fe ces ati Question 5 of 20. What are some of the features of Expert Help Chat? Choose all that apply. Tax Professionals answer questions from clients regarding specific issues. Tax Professionals can call, chat, or video chat with clients. Tax Professionals can screen share with clients to help navigate the online program. Tax Professionals will sign and file the return for the client. Mark for follow up

Basic Scenario 8: Zoe Watson Directions Using the tax software, complete the tax return, including Form 1040 and all appropriate forms, schedules, or worksheets. Answer the questions following the scenario. When entering Social Security numbers (SSNs) or Employer Identification Numbers (EINS), replace the Xs as directed, or with any four digits of your choice. Interview Notes Zoe is single and 47 years old. • Zoe has two children. Yvonne, age 19, has a job and earned wages of $5,200. Joshua, age 26 is totally and permanently disabled and received Social Security benefits of $4,500. Both children lived with her all year. Zoe paid all the cost of keeping up the home and more than half the support for her children. • Zoe received disability pension benefits, but she has not reached the minimum retirement age of her employer's plan. • She does not have enough expenses to itemize for the 2023 tax year. Zoe, Yvonne, and Joshua are U .S. citizens and have valid Social Security numbers. They…

Question 6 Sherrie, a member, performs various bookkeeping functions for her very small closely held clients including posting cash receipts and disbursements to the client's general ledger. The client provides Sherrie with copies of check stubs and deposit slips where the client has provided account codes that Sherrie merely records in the general ledger. In addition, on a monthly basis, Sherrie calculates adjusting journal entries for depreciation, amortization, and tax accruals and posts these entries to the client's general ledger. Which of the following statements is true regarding Sherrie's independence with regard to these bookkeeping clients? O Sherrie's posting of client coded cash receipts and disbursements does not impair independence. O Sherrie's posting of adjusting journal entries does not impair independence whether or not she discusses them with the client because these are routine accounting entries that small clients do not understand. ONeither of the described…

Richard Cook Directions Using the tax software, complete the tax return, including Form 1040 and all appropriate forms, schedules, or worksheets. Answer the questions following the scenario. Note: When entering Social Security numbers (SSNs) or Employer Identification Numbers (EINs), replace the Xs as directed, or with any four digits of your choice. Interview Notes • Richard is age 39 and was widowed in 2017. He has a daughter, Isabella, age 5. • Richard provided the entire cost of maintaining the household and over half of the support for Isabella. In order to work, he pays childcare expenses to Busy Bee Daycare. • Richard declined to receive advance child tax credit payments in 2021. • Richard’s earned income in 2019 was $19,000. • Richard and Isabella are U.S. citizens and lived in the United States all year in 2021. • Richard received the third Economic Impact Payment (EIP3) in the amount of $2,800 in 2021. 33. Richard does not qualify to claim a retirement savings contribution…

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Question 18: Julio has $10 withheld from every paycheck to be used as a donation to a local charity. When his employer pays these withheld amounts to the charity, what type of account is debited? Answer: A. O Asset В. O Liability C. O Revenue D. O Expense

Writing Exercise  The following taxpayer letter was sent to you for a response. After reviewing the "Information Needed to Respond to Letter" below, write a response to the taxpayer.  Date of your response: September 30, 2023  Address of the taxpayer: 123 Main Street, Apt. 2, Madison, WI 53713 September 1, 2023 To Whom It May Concern: I am a 19 year old college student and worked two jobs in 2022. The total amount earned at those jobs was $7,500. I also had interest income of $460 from my bank account. My parents claimed me as a dependent on their tax return for 2022. Do I need to file a Wisconsin tax return? I have always been a resident of Wisconsin. Any help you can provide would be much appreciated. Sincerely, Jane Taxpayer Below are the Wisconsin filing requirements if you are a single person, full-year resident and claimed as a dependent: If either of the following applies you must file a Wisconsin income tax return: (1) Your gross income (total unearned income and earned…

Please I will need help of question numbers 36- 40 Thank you

Give typing answer with explanation and conclusion

Instructions: Review the Checkpoint Quick Reference Guide and User Guide. Perform your taxresearch utilizing Checkpoint for each of the exercises. 1) Give the title and brief description (no more than two sentences) of each of thefollowing Internal Revenue Code Sections:a. Sec. 24b. Sec. 41c. Sec. 61d. Sec. 62e. Sec. 63f. Sec. 64g. Sec. 74h. Sec. 151i. Sec. 152j. Sec. 162k. Sec. 167l. Sec. 168m. Sec. 170n. Sec. 212o. Sec. 213p. Sec. 215q. Sec. 262r. Sec. 274s. Sec. 1221t. Sec. 1231 2) a. Give the title and state the general rules for Treasury Regulation1.401(k)-1.b. Give the title of Treasury Regulation 1.501(c)(3)-1. Within this section,only cite the section for “Exempt Purposes” and list the organizationsthat may be exempt. 3) Find the court decision located at 52-1 USTC 9343.a. Give the case name.b. What court heard the case?c. When was the case decided?d. Give a brief description of this case and what was the judge’s opinion? 4) Find the court decision located at 1 AFTR2d 1158.a.…

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1. Internet users can go to http://www.irs.gov/ and: a.Use a search function to find forms and publications. b.Find links to other useful IRS pages. c.Download tax forms and publications. d.All of these choices are correct.   2.  Electronically filed tax returns: a.Have error rates similar to paper returns. b.Offer faster refunds than paper returns. c.May not be transmitted from a taxpayer's home computer. d.Constitute less than 50 percent of the returns filed with the IRS.   3. John, age 25, is a full-time student at a state university. John lives with his unmarried sister, Ann, who provides over half of his support. His only income is $4,400 of wages from a part-time job at the college book store. What is Ann's filing status for 2021? a.Married, filing separately b.Head of household c.Qualifying widow(er) d.Single e.None of these choices are correct.

Subject - account  Please help me.  Thankyou.

15. For 2022, how much can Siena take as an educator expense deduction for the lab supplies she purchased for her students? a. $0  b. $250 c. $300 d. $600

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As a newly hired IRS trainee, you have been asked to calculate the amount of tax refund or tax owed for the taxpayer (in $). (Enter a positive value for the amount.) Refund/Owe (Select one) Тax Тах Other Name Payments Amount Liability Credits Таxes Hayward $3,559 $750 $3,460 ---Select--- $

Before hiring someone for a position involving access to cash, checks or inventory, a company should check the applicant’s: past employment references criminal convictions all of the above