VITA Basic Exams Bundled Together | Questions and Verified Answers| 100% Correct| Grade A<\/p>\n\n\n\n
VITA Basic Exams Bundled Together |
Questions and Verified Answers| 100%
Correct| Grade A
Q: Larry and Zelda are married but will not file a joint return. Both are under
65.Larry’s gross income from wages is $30,150, and Zelda’s is $4,100.Which of the following is
true?
A. Just Larry is required to file
B. Just Zelda is required to file
C. Both Larry and Zelda are required to file
D. Neither Larry nor Zelda must file
Answer:
C. Both Larry and Zelda are required to file
Taxpayers of any age who use the Married Filing Separately status must file a return if they had
gross income of $5 or more
Q: Trudy, 66, qualifies for Head of Household filing status and had $10,900 in gross income. Is
she required to file a return?
A. Yes
B. No
C. Depends on her net income
Answer:
B. No
Trudy’s income is less than the $21,150 standard deduction for a Head of Household
($19,400) taxpayer older than 65 ($1,750)
Q: Depending on specific tax situations, standard taxpayers can file using which of the
following?
A. Form 1040-NR B. Form 1040-SR C. Form 1040
D. B and C
Answer:<\/p>\n\n\n\n
D. B and C
Most taxpayers must use Form 1040, but Form 1040-SR may be used by taxpayers who are age
65 or older at the end of the tax year. Form 1040-NR is used only by non-resident aliens who
must file a tax return
Q: Melvin is 20 years old, single, a full-time student, and a U.S. citizen with a valid Social
Security number. During the interview with Melvin, you learn that:
-Melvin’s only income was $6,400 in wages
-He lived with his parents all year, but they told him they will not claim him on their 2020 return
Is Melvin required to file a tax return?
Answer:
No
Children and Other Dependents younger than 65 who earn over $12,400 must file a return
Q: True or False? To determine if a taxpayer must file a tax return, do you need to know their
income for the year, filing status, and place of birth?
Answer:
False
You do not need to know their place of birth
Q: True or False? If a taxpayer cannot obtain a valid Social Security number and has not yet
applied for a taxpayer identification number, can you use the taxpayer’s driver’s license or
passport instead?
Answer:
False
For a taxpayer who cannot obtain an SSN and has not yet applied for an ITIN, you can use a
temporary identification number to prepare the return in the tax software. Refer them to the IRS
for Form W-7, Application for IRS Individual Taxpayer Identification Number
Q: A taxpayer cannot use a valid ITIN if it was not used on a federal tax return at least once in
the last three years.<\/p>\n\n\n\n
Answer:
True
ITINs that have not been used on a federal tax return at least once in the last three consecutive
years will no longer be valid for use on a tax return unless renewed by the taxpayer
Q: Are the only acceptable means of verifying taxpayers’s identity a valid U.S. drivers license,
passport, or military ID?
Answer:
False
Other acceptable means are a current state ID or other government-issued identifi- cation
Q: If the taxpayer with a valid Social Security number (SSN) receives a Form
W-2 with an incorrect SSN, can you prepare the return using that W-2?
Answer:
True
You can use the original W-2 to prepare the return, but the taxpayer needs to request a corrected
Form W-2 from the employer before submitting the tax return.
Q: If a taxpayer with an individual taxpayer identification number (ITIN) re- ceives a Form W2 with an erroneous Social Security number (SSN), is it ac- ceptable to e-file the return as long
as you enter the correct ITIN on the return and the mismatched SSN exactly as shown on the
Form W-2 issued?
Answer:
True
Taxpayers who file tax returns using their ITINs often have Forms W-2 showing erroneous
SSNs, and it’s acceptable to e-file the return if you enter the correct ITIN on the return and the
mismatched SSN exactly as shown on the Form W-2 issued
Q: For the purpose of determining filing status, which of the following taxpay- ers would be
considered unmarried for the tax year?
A. Kris, who did not get married until December of the tax year<\/p>\n\n\n\n
B. Torre, whose spouse died in February of the tax year VITA Basic Exams Bundled Together | Questions and Verified Answers| 100% Correct| Grade A VITA Basic Exams Bundled Together |Questions and Verified Answers| 100%Correct| Grade AQ: Larry and Zelda are married but will not file a joint return. Both are under65.Larry’s gross income from wages is $30,150, and Zelda’s is $4,100.Which of the following istrue?A. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-130364","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/130364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=130364"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/130364\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=130364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=130364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=130364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
C. Hal, who was married until his divorce in November of the tax year
Answer:
C. Hal, who was married until his divorce in November of the tax year
Filing status is based in part on the taxpayer’s marital status on the last day of the tax year.
However, if their spouse died during the year and they did not remarry, then they are still
considered married
Q: Ronald was widowed before the first day of the tax year and did not remarry during the tax
year. He has no children. For the purpose of determining filing status, Ronald is considered
A. Single
B. Married
C. Qualifying Surviving Spouse
Answer:
A. Single
A taxpayer with no children who was widowed before the beginning of the tax year and did not
remarry would be considered single
Q: Married Filing Jointly means that the spouses
A. Report their own incomes and deductions on separate returns
B. Combine their income and deductions on the same return
Answer:
B. Combine their income and deductions on the same return
Married Filing Jointly means that both spouses complete and sign the same tax return and are
both responsible for any tax owed on the return
Q: Who may choose to file under either the Married Filing Jointly or the
Married Filing Separately status?
A. A married taxpayer whose spouse does not have income
B. A divorced taxpayer who itemizes deductions
C. Taxpayers who are legally separated and share child custody
Answer:
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