Rtrp - IRS Registered Tax Return Preparer Test

10 Questions | Total Attempts: 694

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Rtrp - IRS Registered Tax Return Preparer Test - Quiz

If you are a tax return preparer, then it is mandatory that you take the registered tax return preparer’s test. It is typically administered in a computer-based format, and you will be required to keep paying the fee if you make it again. So check the questions we have for you below, to help you prepare for your RTRP - IRS Registered Tax Return Preparer Test.


Questions and Answers
  • 1. 
    When it comes to earned income credit, a qualifying child is one who does what?
    • A. 

      Meets the relationship requirements

    • B. 

      Fills a joint return

    • C. 

      The child is temporarily-disabled and below 18.

    • D. 

      The child has stayed in the United States for at least 12 months.

  • 2. 
    Which of the following is not an applicable adjustment to gross income?
    • A. 

      Tuition

    • B. 

      Alimony fee

    • C. 

      Groceries

    • D. 

      Self-employment tax

  • 3. 
    Retirement savings is also known as which of the following?
    • A. 

      Savings contribution

    • B. 

      Saver's credit

    • C. 

      Joint savings

    • D. 

      Maximum credit

  • 4. 
    What part of the AMT (alternative minimum tax-individual) charts cover medical and dental expenses?
    • A. 

      Exclusion

    • B. 

      Deferral

    • C. 

      Both A and B

    • D. 

      Neither A nor B

  • 5. 
    Which of the following does self-employment tax apply to?
    • A. 

      Individuals who report only dividend and interest income

    • B. 

      Contractors that submit reports of less than $50000 for gross receipts

    • C. 

      Church employee income of more than $100

    • D. 

      None of the options

  • 6. 
    Estimated tax is due for which taxpayers? Those who...
    • A. 

      Owe additional tax.

    • B. 

      Has no tax liability.

    • C. 

      Have had a tax for at least 12 months.

    • D. 

      Lived in the US for a year.

  • 7. 
    If a taxpayer wants to adjust his/her income on Form 1040, which of the following can the adjustment be made for?
    • A. 

      Medical expenses

    • B. 

      Before year federal income tax paid

    • C. 

      Deductible part of self-employment tax form schedule SE

    • D. 

      Tier 1 railroad retirement tax and excess social security

  • 8. 
    Which of the following is the maximum mortgage deduction for a taxpayer who paid $4000 in mortgage interest on a primary residence, $2000 in loan intense for a recreation vehicle and other basic needs, and $2000 mortgage interest on a vacation home?
    • A. 

      $5000

    • B. 

      $4000

    • C. 

      $7500

    • D. 

      $6500

  • 9. 
    Which is one of AMT's triggers?
    • A. 

      Long-term capital gains

    • B. 

      Short-term capital gains

    • C. 

      Interactive gains

    • D. 

      Interstitial gains

  • 10. 
    How true is this statement? "Taxpayers must be 65 years or older to claim the saver's credit."
    • A. 

      Always true

    • B. 

      True, but not always

    • C. 

      Completely false

    • D. 

      Depends on the saver's credit

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