Tax Consulting Registered Tax Return Preparer 5

Question 1

What is the deadline for an individual calendar-year taxpayer to file Form 1040 without an extension?

Accepted Answer

April 15 (or next business day)

Answer

March 15

Answer

June 30

Answer

January 31

Question 2

Which form requests an automatic extension of time to file an individual return?

Accepted Answer

Form 4868

Answer

Form 1040-X

Answer

Form 2848

Answer

Form 9465

Question 3

A taxpayer wants to correct a return already filed. Which form is used?

Accepted Answer

Form 1040-X

Answer

Form 4868

Answer

Form W-7

Answer

Form 1099

Question 4

What does the term 'Adjusted Gross Income' (AGI) represent?

Accepted Answer

Gross income minus specific above-the-line adjustments

Answer

Income after all deductions and credits

Answer

Only wage income

Answer

Taxable income after the standard deduction

Question 5

A preparer must retain copies of returns or a client list for how long under federal rules?

Accepted Answer

At least 3 years

Answer

30 days

Answer

Indefinitely with no rule

Answer

1 year

Question 6

Which document authorizes a preparer to represent a taxpayer before the IRS?

Accepted Answer

Form 2848, Power of Attorney

Answer

Form W-9

Answer

Form 4868

Answer

Form 1099-NEC

Question 7

What is the failure-to-file penalty generally based on?

Accepted Answer

A percentage of unpaid tax per month the return is late

Answer

A flat $50 fee regardless of tax owed

Answer

The taxpayer's total income

Answer

The number of dependents claimed