#1. Which filing status generally results in the lowest overall tax when a taxpayer qualifies for more than one status?
#2. For tax year 2024, what is the maximum Section 179 expense deduction that a taxpayer may elect before any phase-out?
#3. Which of the following expenses may NOT be used to calculate the Child and Dependent Care Credit?
#4. Unallowed passive activity losses are carried forward and may be deducted in future years when:
#5. A self-employed taxpayer may deduct health-insurance premiums on Form 1040:
#6. A married couple sells their principal residence, realizing a $580,000 gain. They owned and lived in the home for six years. How much of the gain is taxable?
#7. Which item is an adjustment that can create Alternative Minimum Tax (AMT)?
#8. For 2024, the 3.8 % Net Investment Income Tax applies once modified AGI exceeds:
#9. A nonresident alien must generally file Form 1040-NR when:
#10. Which of the following trusts is required to file Form 1041?
#11. An S-corporation shareholder’s stock basis is increased by:
#12. Which of the following is NOT deductible on Schedule C?
#13. The Qualified Business Income (QBI) deduction for a non-specified service business is generally equal to:
#14. To change from the cash method to the accrual method, a calendar-year C-corporation must:
#15. For tax year 2024, a C-corporation’s charitable contribution deduction is limited to:
#16. In a like-kind exchange, “boot” refers to:
#17. Which depreciation convention is generally required if more than 40 % of a year’s personal-property additions are placed in service in the last quarter?
#18. A semi-weekly payroll depositor that pays wages on Friday, June 6 must deposit federal payroll taxes no later than:
#19. A FUTA credit reduction applies when a state:
#20. The current backup-withholding rate for reportable payments is:
#21. During an IRS field examination of a business, the examiner’s primary manual for audit procedures is the:
#22. A taxpayer who disagrees with an IRS examination report generally requests an administrative appeal on Form:
#23. Under Circular 230, a practitioner must exercise due diligence in:
#24. A valid Preparer Tax Identification Number (PTIN) must be obtained and renewed:
#25. Under the IRS’s rules of practice, communications between an enrolled agent and a client are privileged:
#26. The IRS generally has ___ years to collect a tax after assessment, absent certain suspensions.
#27. An Offer in Compromise may be based on:
#28. The IRS user fee for setting up a direct-debit installment agreement online (as of 2025) is:
#29. The Trust Fund Recovery Penalty equals:
#30. A spouse seeking equitable relief from joint liability under § 6015 must file Form 8857 within:
#31. Unused Foreign Tax Credits may be carried:
#32. For 2024, the maximum HSA contribution for family coverage (under age 55) is:
#33. The American Opportunity Tax Credit (AOTC) allows up to ___ in refundable credit.
#34. To claim an individual as a qualifying child dependent, the child must generally:
#35. A calendar-year C-corporation avoids an estimated-tax underpayment penalty if its total tax liability is less than:
#36. Guaranteed payments to a partner are:
#37. Bonus depreciation for most qualified property placed in service in 2024 is:
#38. Section 1245 property sold for more than its original cost results in:
#39. Employers must file Form 941 (Employer’s Quarterly Federal Tax Return):
#40. Failure to file a correct Form 1099-NEC can result in a penalty per form of up to (without intentional disregard):
#41. A passive loss from a publicly traded partnership reported on Schedule K-1:
#42. An organization applying for 501(c)(3) exemption generally files:
#43. For tax return preparers, e-filing is mandatory if they anticipate filing more than:
#44. Circular 230 permits a practitioner’s advertisement to state:
#45. A practitioner must retain a copy of a client’s signed tax return (or a list with certain details) for at least:
#46. An individual taxpayer requests a six-month extension to file. They must submit:
#47. To fax a Power of Attorney directly to the IRS CAF unit, the authorized form is:
#48. Reasonable-cause penalty relief generally requires the taxpayer to demonstrate:
#49. The Taxpayer Bill of Rights was formally adopted by the IRS in:
