Limitations imposed on taxpayers using that filing status

Reference no: EM131069493

1. Bob's wife died May 2, 2013. He was able to file Married Filing Jointly for tax year 2013 but is uncertain what his filing status will be for the current tax year. Which of the following is listed incorrectlyas a condition that must be met in order for a taxpayer to use the filing status Qualifying Widow(er)?
a) The taxpayer was entitled to file a joint return with a spouse in the year of death.
b) The taxpayer did not remarry before the end of the tax year.
c) The taxpayer has a child who qualifies as a dependent for the tax year.
d) The taxpayer's income must be from wages, salaries, or tips.

2. The Smiths are considering filing separately but have been told there are limitations imposed on taxpayers using that filing status. Which of the following isnota limitation (or increased limitation) imposed on taxpayers using the Married Filing Separately filing status?
a) Capital loss deduction limitation
b) Child tax credit limitation
c) Limitation on the amount of alimony paid that can be used as an adjustment to income
d) Employer dependent care benefit limitation

3. If the taxpayer's spouse died in October and the taxpayer didn't remarry, which of the following filing status should he use?
a) Single
b) Married Filing Jointly
c) Head of Household
d) Qualifying Widow(er) with Dependent Child

4. Randy turned 16 last year and had his first summer job. Even though his parents are claiming him as a dependent he wants to file a return in order to get his refund. He receives his W-2 and decides he can do his own return using form 1040-EZ. Which of the following information isnotfound on a Form W-2?
a) The taxpayer's Social Security number
b) The taxpayer's wages, tips and other compensation
c) The taxpayer's federal tax to be refunded
d) The taxpayer's state wages

5. Clark has been a tax preparer for many years and has completed countless tax returns. Which of the following is an exception to the most commonly used filing forms to report income and deductions to the IRS?
a) 1040NR
b) 1040EZ
c) 1040A

Reference no: EM131069493

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