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- Question 3 of 15. A taxpayer must file Form 8862 to claim certain credits after disallowance by the IRS. Which credit is affected by this requirement? Adoption Credit. Child and Dependent Care Credit. Earned Income Credit. Residential Energy Credit. Mark for follow upEnzo is preparing a client's return. The taxpayer is claiming the Earned Income Credit (EIC), Child Tax Credit (CTC), Additional Child Tax Credit (ACTC), and the American Opportunity Tax Credit (AOTC). Which of the following best describes the actions Enzo must take to substantiate the taxpayer's eligibility for the credits?N9 After completing the Wage W-2 input screen, a popup box will appear when you click Next. What is the purpose of the popup box? To enter the taxpayer or spouse as owner of the form. To provide confirmation of certain information entered on the Wage W-2 input screen. It shows you a summary of the amounts that were input on the prior screen. To provide entry fields for all retirement plan codes.
- which of the following is not a COVID-19 tax relief provision available to a self-employed taxpayers?Using the Code Arranged Annotations & Explanations (USTR) Topic Index, the child tax credit can be found in A. Section 24(a) B. Section 179A C. Section 30B D. None of the aboveWhen employees contribute to a Roth 401(k), they _____ allowed to deduct the contributions and they _______ taxed on distributions from the plan. Select one: a. are, are not b. are, are c. are not, are not d. are not, are
- Provide an explanation of the current federal estate tax law. Create a brief scenario using a hypothetical client who may need estate tax planning services soon. Provide a rationale for your responses.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.What is the maximum investment income a taxpayer is allowed to have and still be allowed to claim the earned income credit?$ Why is there an investment income limit in the tax law regarding the credit? The earned income credit is meant to assist
- Self-employed individuals (including a partner in a partnership) and employees with other income sources are required to submit a return of income and estimated income on gazette forms as required by the Income Tax Act. Select one: True Falsealculator Which of the following is not a preparer penalty? a.Tax preparers may be assessed a penalty for endorsing or cashing a refund check issued to a taxpayer. b.Tax preparers may be assessed a penalty for failing to give the taxpayer the preparer's workpapers. c.Tax preparers may be assessed a penalty for failing to keep a copy of the prepared return. d.Tax preparers may be assessed a penalty for failing to sign a tax return.Someone receives an IRS notice regarding a math error, what does that mean? Is there any advice or suggestion to give regarding the IRS notice?