Income tax, fundamentals, and calculations tax determination

Question 1

Besides the basic standard deductions, what are the additional standard deductions?

Answer 1

Taxpayer who is age 65 or over or blind for an additional standard deduction depending on the filing status to additional standard deductions are allowed for a taxpayer who is age 65 or over and blonde

Question 2

In order to use either the qualifying widow or widower status, or surviving spouse status, after the year of a spouses death or head of household filing status taxpayer must have what?

Answer 2

Qualifying child or qualifying relative as a dependent

Also applies to whether or not a taxpayer may use the child tax credit or the child and dependent care credit

Question 3

Any relationships that were established by marriage are not ended by death or divorce true or false

Answer 3

True

Question 4

Only one person can claim an individual as a dependent if more than one individual files a return claiming the same individual as a dependent what rules apply

Answer 4

Tiebreaker rules

Question 5

Marital status is determined as the last day of what?

Answer 5

Last day of the year, except when a spouse dies during the year, in which case the survivor may file as married filing jointly

Must be married on the last day of the year to file a married filing jointly return

Question 6

What is head of household status?

Answer 6

Unmarried individual who maintains a household for a qualifying person for more than 1/2 of the tax year

Question 7

If the taxpayer maintains a separate home for parents and pays more than a half of the cost of upkeep on that home or pays more than half the cost of a rest home or home for the elderly, the taxpayer may claim what?

Answer 7

Head of household filing status

Question 8

A taxpayer with a deceased spouse will file what sort of return in the year of death

Answer 8

Married filing jointly with the standard deduction of 29,200

Question 9

A taxpayer may be eligible to use the qualifying widow filing status with dependent children for how many years following the death of a spouse?

Answer 9

Two years

Question 10

What are the eligibility rules for filing as a qualifying widow with a dependent child? All of the following test must be met

Answer 10

Was entitled to file a joint return with his spouse for the year of his spouse death

Must put a dependence, Social Security, or taxpayer identification number on the return to use the status

Did not remarry before the end of the tax year in question

Has a child , stepchild, adopted child, or foster child who is a qualifying person as a dependent for the tax year

Paid more than half of the cost of upkeep of the home for the taxpayer and the child for the entire year except for temporary absences

Question 11

Individuals are not required to file a tax return unless their income is equal to or exceeds their what

Answer 11

Total standard deduction amounts

Question 12

If a taxpayer overpay taxes and wants a refund, a claim must be filed by the later of how many years from the date of return was filed

Answer 12

Three years

Question 13

Hey, surviving spouse may file a joint return with the decedent if the following conditions are met.

Answer 13

An executor or administrator has not been appointed by the time the joint return is prepared

Executor or administrator has not been appointed before the extended due date of the tax return for the surviving spouse

Sean did not previously file a tax return for the tax year