am. 138. Which form will the Franchise Tax Board issue if a taxpayer does not qualify for thehead of household filing status or did not provide Form FTB 3532?California Schedule X, California Explanation of Amended Return ChangesNotice of Proposed Assessment (NPA).Notice of Tax Return Change (NTRC).Schedule CA (540), California Adjustments â€” Residents.

Without a doubt! It is possible for the Franchise Tax Board (FTB) to issue a Notice of Proposed…

Answered: Which form will the Franchise Tax Board…

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter24: Multistate Corporate Taxation

Section: Chapter Questions

Problem 3DQ

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Which of the following forms is not required to be sent with California income tax returns? A. Form 1099-NEC - Nonemployee Compensation B. Form 540 2EZ - California Resident Income Tax Return C. Schedule CA - California Adjustments - Residents D. Schedule G-1 - Tax on Lump-Sum Distributions
Tax return preparers should be aware of which of the following? A) Taxpayers who have more than one Form W-2 B) Taxpayers without a state driver's license C) Taxpayers with more than two dependents D) Taxpayers with a non-standard or altered Form W-2
20 When is a tax preparer required to complete and submit Form 8867, Paid Preparer's Due Diligence Checklist? Only with amended returns that claim the Earned Income Credit (EIC), American Opportunity Tax Credit (AOTC), Child Tax Credit (CTC)/Additional Child Tax Credit (ACTC)/Other Dependent Credit (ODC), and head of household (HOH) filing status. Only with original returns that claim the EIC, AOTC, CTC/ACTC/ODC, and the HOH filing status. This excludes amended returns. Only if the taxpayer's information provided appears to be incorrect, inconsistent, and incomplete. With every original and amended return that claims the EIC, AOTC, CTC/ACTC/ODC, and the HOH filing status.
Which of the following is NOT a valid use of Form 990-T? Request credit for certain excise taxes paid. Apply for reinstatement after an exempt organization has their status revoked. Claim the Small Employer Health Insurance Premium Tax Credit. Determine tax liability from UBI.
Theme: Adjusted Gross Income as determined by the IRS of USA. Examine the case below and do the following:1.Indicates the income items that are part of the gross income.2.Indicates the salary exclusions.3.Identify the deductions to which the taxpayer is entitled to calculate the adjusted gross income.4.Calculate adjusted gross income.5.Indicates the status that the taxpayer must file.6.Fill out Form 1040.Case 2 Carlos Martínez was born on January 9, 1967, is a teacher and is married. He had a salary of $50,000 and a tax withheld of $5,000. Carlos pays an individual retirement account (IRA) for himself of $7,000. His wife, Carmen Flores, was born on April 22, 1971, she works from home selling clothes, from which she had an income of $12,000. The couple have no children and have a joint bank account from which she earned $2,500 in interest from the bank.
Which tax form should be used to record payments to an owner? Owner’s tax return W-2 1095-C 1099-MISC
bhola
Which of the following tax forms are used by individuals in 2019? 1040 A 1040EZ 1040SR 1120
Refer to the individual rate schedules in Appendix CRequired: A. What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $58,900 taxable income? Appendix C 2021 Income Tax Rates INDIVIDUAL TAX RATES Married Filing Jointly and Surviving Spouse If taxable income is The tax is Not over $19,900 10% of taxable income Over $19,900 but not over $81,050 $1,990.00 + 12% of excess over $19,900 Over $81,050 but not over $172,750 $9,328.00 + 22% of excess over $81,050 Over $172,750 but not over $329,850 $29,502.00 + 24% of excess over $172,750 Over $329,850 but not over $418,850 $67,206.00 + 32% of excess over $329,850 Over $418,850 but not over $628,300 $95,686.00 + 35% of excess over $418,850 Over $628,300 $168,993.50 + 37% of excess over $628,300 Married Filing Separately If taxable income is The tax is Not over $9,950 10% of taxable income Over $9,950 but not…
Ma1.
1. What tax is used by the federal government to provide unemployment compensation to individuals who are out of work? Answer: A. FUTA B. SUTA C. Medicare D. Social Security 2. When completing Form 1096, the maximum number of types of Form 1099 that may be selected is _____. Answer: A. 1 B. 2 C. 3 D. 4 3. What is the FUTA tax rate in a state that has a 1.5% credit reduction? Answer: A. 1.2% B. 1.5% C. 2.1% D. 2.7%
akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false Which of the following statements is correct? Oa. The highest AMT rate for married individuals filing jointly is 26%. Ob. The AMT exemption amount decreases as AMTI increases. Oc. The highest AMT rate for individuals is 26%. Od. If the tentative minimum tax exceeds the regular tax liability, AMT is $0.

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