VITA Study guides, Class notes & Summaries

1. Hans entered the U.S. on December 15, 2012 in F-1 immigration status. He had never been to the United States before and he did not change immigration status during 2017. For federal income tax purposes, Hans is a nonresident alien for 2017. - False (Correct0 2. Abshir is a visiting professor at the local university. Abshir was a graduate student from August 2011 to July 2013 in F-1 immigration status. He re-entered the United States on December 20, 2016 in J-1 immigration status. For fed...

VITA Advanced Exam (Latest Update) Questions and Verified Answers| 100% Correct| Grade A Q: During the intake process, the volunteer should verify the taxpayer (and/or spouse, if applicable) has photo identification. Additionally, taxpayers must provide verification of taxpayer identification numbers (SSN or ITIN) for everyone listed on the tax return. Answer: True Q: Mary, a VSC-certified greeter, reviews the taxpayer's completed Form 13614-C, page 2, to identify what potential ...

VITA Certification Exam Questions With 100% Correct Answers Which of the following is a violation of the Volunteer Standards of Conduct? a . Knowingly preparing a false tax return b . Having a donation/tip jar in the taxpayer waiting area at the site c . Using taxpayer's personal information to ask for a date d. All of the above - answerd. All of the above Which volunteers must take Volunteer Standards of Conduct training and test? a . Site Coordinators/Local Coordinators b. Quality Re...

VITA Exam Questions And Answers (Verified And Updated) 1. Rebecca's most beneficial allowable filing status is Head of Household. - answerfalse 2. Rebecca has $_______ in qualifying child care expenses for the child and dependent care credit.. - answer2500 3. Pat and Terri are only eligible to claim the child tax credit on their 2020 tax return. - answerfalse 4. The taxable amount of Pat's unemployment compensation is $_________? - answer3300 5. Medicaid waiver payments can be consider...

VITA Certification Exam Questions and Correct Solutions 2024 Which of the following is a violation of the Volunteer Standards of Conduct? a . Knowingly preparing a false tax return b . Having a donation/tip jar in the taxpayer waiting area at the site c . Using taxpayer's personal information to ask for a date d. All of the above - Answer -d. All of the above Which volunteers must take Volunteer Standards of Conduct training and test? a . Site Coordinators/Local Coordinators b. Quality...

VITA Certification Test Questions and Correct Solutions 2024 To ensure quality service and accurate return preparation, every site is required to have a process for assigning taxpayers to IRS tax law-certified preparers who are certified at or above the level required to prepare their tax return. a. True b. False - Answer -a. True During the intake process, which of the following should the volunteer verify that the taxpayer and spouse, if applicable, have with them to ensure the taxpayer...

VITA Intake/ Interview Review Test Questions and Correct Solutions 2024 All IRS-certified volunteer preparers participating in the VITA/TEC Programs MUST use form 13614-C along with an effective interview for every return prepared at the site. - Answer -True What should the certified volunteer preparer do before starting the tax return? - Answer --Make sure all questions on Form 13614-C are answered -Change "Unsure" answers to "Yes" or "No" based on a conversation with the taxpayer. ...

VITA Basic Exam Questions and Correct Solutions 2024 What is the most advantageous filing status allowable that Joe can claim on his taxreturn for 2021? - Answer -Head of Household Joe can claim a higher standard deduction because he is blind. - Answer -True Chris and Marcie cannot claim the Earned Income Tax Credit (EITC) because theyare too young and have no qualifying children. - Answer -false Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021 taxreturn. - A...

VITA Basic Test Questions and Correct Solutions 2024 Calvin has qualifying health insurance coverage (also known as minimum essential coverage) as defined under the Affordable Care Act. - Answer -True Calvin and Betty may need to make a shared responsibility payment on their joint return if they don't qualify for an exemption. - Answer -True Who can claim the American opportunity credit? - Answer -Dana can claim the credit because Tom is her dependent. Dana's most advantageous allowabl...

VITA Final Exam Questions and Correct Solutions 2024 True or False: Only volunteers who prepare and review tax returns are required to complete the Volunteer Standards of Conduct Training and certification. - Answer -False True or False: Volunteers are generally held liable for the tax returns they prepare at VITA/TCE sites - Answer -False True or False: Volunteers are not required to complete a return if they have concerns about the accuracy of information provided by the taxpayer or oth...

What weighted average of scores must volunteers get on weekly quizzes? A) 100% B) 80% C) 65% D) 70% - Answer -D) 70% (T/F) You are allowed to Quality Review a tax return that you filed. - Answer -False How many volunteer hours are required during Winter and Spring Quarters respectively? A) 12 Hours; 9 Hours B) 14 Hours; 6 Hours C) 10 Hours; 12 Hours D) 9 Hours, 9 Hours - Answer -A)

Volunteer Standards of Conduct VITA Questions and Answers 2024/2025