Enrolled Agent: Individual Exam 2020 Flashcards

Decks in this Class (32):

• Standard Deduction And Filing Requiremen

  Standard Deduction and Filing Requirements

  Sample Cards:

  what is the standard deduction for a dep,

  what are the additional standard deducti,

  can you amend a return to change the sta
  15 Cards
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• Due Dates And Penalties

  Due Dates and Penalties

  Sample Cards:

  what is the general filing deadline,

  1how do tax payers file for an extension,

  what group receives an automatic extensi
  30 Cards
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• Filing Status Single Married Filing Join

  Filing Status: Single, Married Filing Joint (MFJ) and Married Filing Seperate (MFS)

  Sample Cards:

  what is the primary thing that filing st,

  when are spouses considered married,

  when are same sex partners considered ma
  28 Cards
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• Filing Status Qualifying Widow Qw And He

  Filing Status: Qualifying Widow (QW) and Head of Household (HH)Filing Status

  Sample Cards:

  what are the advantages of using the qw,

  what is the filing status by year for qw,

  what are the requirements for qw status
  16 Cards
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• Qualified Child Qc And Custodial Parent

  Qualified Child (QC) and Custodial Parent Requirements

  Sample Cards:

  what are the four qualifying child tests,

  what is the relationship test for qualif,

  what is the age test for qualifying chil
  35 Cards
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• Qualifying Relative Qr Requirements

  Qualifying Relative (QR) requirements

  Sample Cards:

  what are the three tests for claiming an,

  what are the 4 qualifying relative tests,

  what is the the not a qc test for qr
  31 Cards
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• Dependent Tax Returns

  Dependent Tax Returns

  Sample Cards:

  what is the filing requirement for a dep,

  what is gross income gi,

  what is earned income
  14 Cards
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• Citizenship Status And Foreign Income

  Citizenship Status and Foreign Income

  Sample Cards:

  foreign income what form do you file for,

  foreign income what form do you use to r,

  foreign income what is form 8938
  30 Cards
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• Foreign Or Domestic Source Income

  Foreign or Domestic Source Income

  Sample Cards:

  what determines whether income is from a,

  what determines whether income is from a,

  what determines whether income is from a
  14 Cards
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• Forms And Due Dates

  Forms and due dates

  Sample Cards:

  form 8332,

  when is form 1040 due,

  what is schedule c and when is it due
  32 Cards
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• Is It Taxable Or Nontaxable

  Is it taxable or nontaxable?

  Sample Cards:

  alimony and separate maintenance payment,

  aid to families with dependent children,

  damages wrongful incarceration
  100 Cards
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• Accounting Method For Gross Income

  Accounting Method for Gross Income

  Sample Cards:

  which accounting method must be used if,

  how are income expenses recorded in the,

  cash method what is the purpose for the
  44 Cards
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• Gross Income Concepts

  Gross Income Concepts

  Sample Cards:

  gross income,

  realized income,

  is all realized income included in gross
  15 Cards
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• Alimony Child Support

  Alimony/child support

  Sample Cards:

  is child support received included in gi,

  when is a payment considered to be alimo,

  when can a taxpayer deduct alimony payme
  9 Cards
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• Terms And Definitions

  Terms and definitions

  Sample Cards:

  entitlement programs,

  tcja,

  tax incidence
  31 Cards
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• Adoption Alimony Life Insurance Cancella

  Adoption/Alimony/Life Insurance/Cancellation of Debt (COD)

  Sample Cards:

  what are three types of transfers incide,

  when is alimony received included in gro,

  when are alimony payments deductible fro
  49 Cards
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• Retirement Pension Annuities Social Secu

  Retirement: Pension, Annuities, Social Security and Railroad Retirement Benefits

  Sample Cards:

  what determines whether social security,

  what is mfslt,

  what is the formula for provisional inco
  58 Cards
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• Scholarships And Grants Tuition Reductio

  Scholarships and Grants/ Tuition Reduction

  Sample Cards:

  what is the annual limit on the amount t,

  what education levels qualify for income,

  what is the phase out amount for scholar
  29 Cards
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• Prizes Awards

  Prizes&Awards

  Sample Cards:

  what amount of prizes and awards are inc,

  what types of prizes awards can be exclu,

  for awards that recognize religious scie
  7 Cards
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• Damages Included Excluded From Gi

  Damages Included/Excluded from GI

  Sample Cards:

  benefits paid from a disability insuranc,

  benefits from disability insurance were,

  benefits from a disability insurance pol
  22 Cards
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• Military And Ministry

  Military and Ministry

  Sample Cards:

  what are the military pay categories tha,

  military family allowance items that are,

  military in kind allowance items that ar
  14 Cards
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• Excluded Non Discriminatory Fringe Benef

  Excluded: Non-Discriminatory Fringe Benefits AND General Terms related to Fringe Benefits

  Sample Cards:

  what is a non discriminatory fringe bene,

  what is a fringe benefit,

  what are the fringe benefit withholding
  25 Cards
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• Excluded Discriminatory Fringe Benefits

  Excluded: Discriminatory Fringe Benefits

  Sample Cards:

  what types of fringe benefits allow disc,

  what is a working condition fringe benef,

  which groups qualify as employees for wo
  25 Cards
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• Excluded Travel Expenses And Company Veh

  Excluded: Travel Expenses and Company Vehicles

  Sample Cards:

  what are travel expenses,

  tax home,

  away from tax home requirements
  26 Cards
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• Foreign Foreign Earned Income Exclusion

  Foreign: Foreign Earned Income Exclusion and Foreign Housing Allowances

  Sample Cards:

  how does the foreign earned income exclu,

  how much income can be excluded for the,

  requirements for foreign earned income e
  17 Cards
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• Income Tip And Statutory Employees

  Income: Tip and Statutory Employees

  Sample Cards:

  what is a statutory employee,

  five categories of statutory employees,

  statutory employee what three conditions
  16 Cards
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• Community Property States And Rules

  Community Property States and Rules

  Sample Cards:

  how does living in a community property,

  how does the texas rule affect income ge,

  how does the california rule affect inco
  9 Cards
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• Hsa And High Deductible Health Plans Hdh

  HSA and High Deductible Health Plans (HDHP)

  Sample Cards:

  what does hdpd stand for,

  what is an hsa,

  what are the benefits of an hsa
  29 Cards
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• Interest Below Market Loans Bml Bonds Ed

  Interest: Below Market Loans (BML), Bonds, Education Bonds, Original Issue Discount (OID)

  Sample Cards:

  when is interest reported on the tax ret,

  what is a nominee distribution is it inc,

  what is a merchandise premium and is it
  52 Cards
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• Dividends Qualified Dividends Reinvested

  Dividends, Qualified Dividends, Reinvested Dividends

  Sample Cards:

  what are dividends,

  is a distribution that is accumulated cu,

  is a distribution accumulated current e
  36 Cards
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• Stock Options Iso Nso Espp

  Stock Options: ISO, NSO, ESPP

  Sample Cards:

  what is an employee stock purchase plan,

  what requirements must a company meet in,

  what are the holding period requirements
  18 Cards
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• Stock Options

  stock options
  0 Cards
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