Individual Ch 1 Flashcards Preview

Enrolled Agent > Individual Ch 1 > Flashcards

Flashcards in Individual Ch 1 Deck (15)
Loading flashcards...
1
Q

What is the minimum net income from Self Employment required to file a return?

A

$400 or receive a 1099

2
Q

What is not a requirement for Head of Household filing?

A

Your home was the main home for a foster child for more than half the year

3
Q

Married, spouse dies during the year. Does not remarry. Filing status for year of spouse death?

A

MFJ

4
Q

What is form 9465?

A

Installment request form

5
Q

What to file if spouse evades taxes?

A

Innocent Spouse form 8857

6
Q

Name changes need to be filed with whom to avoid delays in filing a tax return?

A

SSA on form SS-5

7
Q

When a resident or non resident files a return without a SSN, the taxpayer needs to have what?

A

ITIN (individual tax ID number)

8
Q

MFJ and refund is being used to settle debt of a spouse prior to marriage. What remedies are available for the other spouse?

A

File injured spouse (form 8379)

9
Q

What income is excluded from Gross Income Test?

A

SSA and muni bond interest

10
Q

What level is SS benefits taxable

A

MFS and living with spouse - 85% is taxable

11
Q

What is the deadline to file for a refund for a tax return?

A

Three years from the date the return was filed (or April 15 if filed earlier).

12
Q

What is the minimum income required to file a return if over 65?

A

$11,500

13
Q

Form 8888 is what?

A

Allocation of refund

14
Q

How many months does a taxpayer have to pay off an installment agreement?

A

72 months

15
Q

If someone is able to claim you as a dependent, but doesn’t, can you still claim yourself?

A

No