#1. For tax year 2024, what is the standard deduction for a taxpayer filing “Single”?
#2. A married couple filing jointly in 2024 may claim which standard-deduction amount?
#3. Which of the following must be met for a taxpayer to claim someone as a qualifying relative?
#4. For 2024 returns, the investment-income limit for claiming the Earned Income Credit is:
#5. At what combined income level does the additional 0.9 % Medicare tax begin for a couple filing jointly?
#6. A taxpayer turned 73 during 2024. In what year must they take their first required minimum distribution (RMD) from a traditional IRA?
#7. How many days does a taxpayer generally have to roll over an IRA distribution tax-free into another IRA?
#8. The American Opportunity Credit may be claimed for qualified tuition expenses during how many tax years per student?
#9. What is the maximum foreign-earned-income exclusion for 2024?
#10. Which form must be filed to claim the foreign-earned-income exclusion?
#11. For 2024, what is the maximum Section 179 expense deduction a business may elect (before phase-out)?
#12. At what total amount of Section 179 property placed in service during 2024 does the phase-out begin?
#13. Property eligible for bonus depreciation in 2024 generally includes which of the following?
#14. Under the de minimis safe-harbor election for taxpayers without an applicable financial statement, the maximum per-item cost that may be expensed is:
#15. Which cost is included in a manufacturer’s Cost of Goods Sold?
#16. A corporation must file Form 2553 no later than which date to have S-corporation status effective for the entire current tax year?
#17. For 2024, the full 20% Qualified Business Income (QBI) deduction is available when taxable income before the deduction does not exceed:
#18. What portion of self-employment tax is deductible as an above-the-line adjustment to income?
#19. A taxpayer elects out of bonus depreciation for five-year MACRS property. Which form is used to make this election?
#20. Under Sec. 263A, a “small business taxpayer” is exempt from UNICAP rules for 2024 if average annual gross receipts for the prior three years do not exceed:
#21. Which of the following fringe benefits is fully excludable from an employee’s wages?
#22. Guaranteed payments to partners are:
#23. A > 2 % shareholder-employee of an S-corporation must report company-paid health-insurance premiums as:
#24. The non-refundable fee to obtain or renew a PTIN for 2025 is:
#25. Under Circular 230, which Subpart sets forth the sanctions that may be imposed for violations?
#26. For returns or claims filed in 2024, the penalty per tax benefit for failing preparer due-diligence requirements (Form 8867) is:
#27. Circular 230 requires that a practitioner responding to an IRS records request must provide the information promptly or notify the IRS within how many days?
#28. A power of attorney authorizing representation before the IRS is normally filed on:
#29. Which form allows a third party merely to receive taxpayer information (but not represent the taxpayer)?
#30. How often must an Enrolled Agent renew their enrollment with the IRS?
#31. A contingent fee is permitted under Circular 230 when the fee relates to:
#32. Which of the following parties does not need a PTIN?
#33. Circular 230 permits the use of a trade name by a tax practice only if:
#34. A taxpayer receiving an IRS “30-day letter” generally has how long to submit a protest to Appeals?
#35. After a practitioner is disbarred, how long must they wait before petitioning for reinstatement before the IRS?
#36. Under IRC § 6694(b), the penalty for a willful or reckless understatement of tax by a preparer is:
#37. How many years must a paid preparer keep a copy of each return or a listing of the returns prepared?
#38. Which of the following is not part of the IRS’s “Taxpayer Bill of Rights”?
#39. An enrolled agent may sign an e-filed return as the ERO if:
#40. Form 1040 returns are considered timely filed if post-marked on or before:
#41. Which of the following may reduce Alternative Minimum Tax (AMT)?
#42. A taxpayer received $9,000 in qualified dividends and $4,000 in long-term-capital-gain distributions. These amounts are:
#43. Which schedule is used by a single-member LLC (not electing corporate treatment) to report ordinary business income?
#44. A U.S. taxpayer who materially participates in a passive activity:
#45. Which credit is partially refundable for 2024?
#46. A taxpayer living abroad meets the physical-presence test if present in a foreign country for at least:
#47. Which organization issues Circular 230?
#48. An EA preparing a return discovers an error made on a prior-year return prepared by another firm. Under Circular 230, the EA must:
#49. The maximum deductible amount for traditional or Roth IRA contributions in 2024 for a taxpayer under age 50 is:
#50. A VITA volunteer who prepares returns but does not sign them must:
