For an expense to qualify as a travel expense, the taxpayer must be away from home for at least 24 hours. Group of answer choices True False
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- What is the normal due date for the return of a single taxpayer who is not self- employed? O April 15 O April 30 O June 15 O June 30Is a taxpayer allowed to take the € 120 exclusive for a vacation home that was never rented? Explain please.Before selecting the Open or Begin Return button, which of the following statements starting a new return in regarding BlockWorks is INCORRECT? A new return is started on the BlockWorks home screen. The taxpayer's SSN and date of birth must be entered. The Tax Professional must type in the taxpayer's SSN and name. The tax year defaults to the current year and the return type defaults to 1040.
- An individual is a head of household. What is her standard deduction? a.$18,350 b.$24,800 c.$12,400 d.$18,650 e.None of these choices are correct.A taxpayer will need to file Schedule A, Itemized Deductions, to deduct which of the following? An amount contributed to a traditional IRA. State and local income tax withheld from the taxpayer's regular pay. Student loan interest paid on a qualified student loan. Unreimbursed business expenses incurred by an eligible educator, including amounts paid for classroom supplies, books, and computer equipment.A taxpayer must report the full amount of gambling winnings on Schedule 1, line 8. How are gambling losses reported? Select one: a. On Schedule 1, line 22 Ob. On Schedule A, line 16, limited to gambling winnings included on Schedule 1 OC. Subtracted from gambling winnings before reporting on Schedule 1, line 8 Od. On Form 1040, line Ba as an adjustment to income
- Which of the following is non-taxable? Value of employee’s living quarters furnished by the employer for staying on-site. Christmas gift Personnel Economic Relief Allowance (PERA) All of the above None of the aboveWhy does the three sets of circumstances where cost of transportation between the taxpayer's home and a work location is dedu tible exceptions exist?Mark each statement below as either "True" or "False" regarding the standard deduction and itemized deductions. a. The standard deduction is an amount that varies with filing status. b. A taxpayer should claim the smaller of the standard deduction or the total allowed itemized deductions. c. Total itemized deductions depend on the amount and type of items, with some items having limitations based on AGI. d. Taxpayers who are 65 years of age or older or blind are entitled to an additional itemized deduction amount.
- Which Schedule must the taxpayer use to claim a payment made for alimony? Multiple Choice Schedule 1. Schedule 2. Schedule 3. The taxpayer does not need to use a Schedule.In order to meet the material participation test for a rental real estate activity, over what number of hours of personal service must the taxpayer work in rental real estate during the year?Under what circumstances, if any, can a married person file as a head of household? A. A married person, if otherwise qualified, can claim head of household status only in the first year that he or she can be classified as a surviving spouse. The taxpayer must maintain a household for at least nine months of the year. OB. A married person, if otherwise qualified, can claim head of household status if he or she is married to a nonresident alien or if he or she qualifies as an abandoned spouse. To be an abandoned spouse, the person must have lived apart from his or spouse for the last six months of the year and maintain a household for a qualifying child in which they both live. OC. A married person, cannot claim head of household status, this status is only for single taxpayer that maintain a household for a qualifying child in which they both live. O D. A married person, if otherwise qualified, can claim head of household status only if he or she qualifies as an abandoned spouse. To be…
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