This quiz, titled '1040X\/SOI Refresher (Tax payers)', assesses knowledge on various tax filing statuses and deductions. It covers topics such as Married Filing Separately (MFS) provisions, standard deductions, and dependent student tax considerations, making it crucial for tax preparation and understanding.
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ONLY Line 2 amounts on the 1040X will change
ONLY Line 3 amounts on the 1040X will change
Various line amounts on the 1040X can potentially change with the filing status change.
MFS tax filers can claim education credits.
MFS tax filers can claim EIC (Earned Income Credit).
MFS tax filers can claim exemptions, if they have them.
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Wages, Salaries, Tips, etc.
Taxes Paid
Anything that can be attributed to only 1 of the taxpayers that filed jointly.
None of the above
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Claim different deduction types (e.g. student claims itemized deductions, spouse standard deductions).
Claim the same deduction type (e.g. both standard deductions or both itemized deductions).
Amend to a MFJ status, especially if they're still married.
Both options 2 and 3 are correct.
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Should be divided in half on the SOI form.
Should be given to the student in full on the SOI form.
Should not be on the SOI form at all.
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