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LET’S PRACTICE!
#1. Which of the following is a qualifying child for Earned Income Tax Credit (EITC)?
#2. Which type of income is not subject to Net Investment Income Tax (NIIT)?
#3. Under IRC §121, when is gain on the sale of a principal residence excluded?
#4. What is the standard deduction for single taxpayers under 65 for tax year 2024?
#5. Which is not a deductible medical expense under IRC §213?
#6. What is the maximum annual contribution to a Roth IRA for those under 50 in 2024?
#7. Which is not eligible for the Child Tax Credit?
#8. Maximum Lifetime Learning Credit per return?
#9. Penalty for failure-to-file when no tax is owed?
#10. Which is not earned income for EITC?
#11. Section 179 2024 deduction limit?
#12. Which corporate form is not subject to AMT?
#13. Deadline for Form 1120 for calendar-year C‑corp?
#14. Net Operating Loss carryback rules after TCJA?
#15. PHC tax rate on undistributed income?
#16. Deductibility of meals & entertainment?
#17. Depreciation method for most business tangible property?
#18. Under Circular 230, incompetence includes:
#19. Sanctions under Circular 230 can include:
#20. Form 2848 CAF record covers how many future years?
#21. Form 8821 suffices for representation?
#22. Representing ex‑spouses requires:
#23. Installment agreement online allowed if balance due > $25k?
#24. Guaranteed installment agreement requires no failures to pay/file in past:
#25. Offer in Compromise accepted if:
#26. EAs may prepare which document?
#27. EA may represent taxpayer at:
#28. CDP hearing frivolous arguments – taxpayer has how long to amend?
#29. Audit reconsideration allowed if taxpayer:
#30. After Appeals fails, next IRS step is:
#31. To avoid substantial understatement penalty, authority relied upon must include:
#32. For e‑file rejects: ERO must notify taxpayer within?
#33. Maximum penalty under IRC §7203?
#34. Tax lien stays on credit report minimum:
#35. IRS assessment statute of limitations:
#36. Minimum penalty for frivolous return?
#37. Max FBAR non-willful penalty?
#38. Minimum age to qualify as Enrolled Agent?
#39. CPE requirement over 3 years?
#40. PTIN renewal period is:
#41. Renewal Form 8554 must be filed:
#42. EA status established in year:
#43. EA may represent before:
#44. EA advertising wording allowed:
#45. For accuracy penalty, substantial authority includes:
#46. EA conflict of interest should be resolved when:
#47. Under FBAR rules, report filed via:
#48. EA privileged communications apply when?
#49. Circular 230 sanctions include:
#50. IRS exam examiner must use transcript?
