Individual Ch 1

Question 1

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

Answer 1

$400 or receive a 1099

Question 2

What is not a requirement for Head of Household filing?

Answer 2

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

Question 3

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

Answer 3

MFJ

Question 4

What is form 9465?

Answer 4

Installment request form

Question 5

What to file if spouse evades taxes?

Answer 5

Innocent Spouse form 8857

Question 6

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

Answer 6

SSA on form SS-5

Question 7

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

Answer 7

ITIN (individual tax ID number)

Question 8

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

Answer 8

File injured spouse (form 8379)

Question 9

What income is excluded from Gross Income Test?

Answer 9

SSA and muni bond interest

Question 10

What level is SS benefits taxable

Answer 10

MFS and living with spouse - 85% is taxable

Question 11

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

Answer 11

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

Question 12

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

Answer 12

$11,500

Question 13

Form 8888 is what?

Answer 13

Allocation of refund

Question 14

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

Answer 14

72 months

Question 15

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

Answer 15

No