1, Which of the following is a benefit of e-Signature:
Provide state-of-the-art security for documents.
Eliminate some of the paper and creating a greener environment within the tax office.
Minimize the time spent sharing and signing documents to give Tax Professionals more time for meaningful discussion with their clients.
Saves clients time and money.
XXAll of the above.
2, Clients should never pick-up the signature pad from the desk.
True
XXFalse
3, When the Document Reader screen first appears, who has control of the screen?
XXClient
Client’s spouse
Tax Professional
4, Which of the following helps to explain what the document means to the client?
Return to Tax Software
XXJust Plain English
Document Reader
Control Screen
5, When using e-Signature, Tax Professionals use the Signature Pad to write their own signature when they act as a witness to certain documents.
True
XXFalse
6, Which of the following will NOT print for the office copy?
Income Information worksheet
Form 8879
XXConsent to Use Tax Return Information (§ 7216 Consent)
Form 8453
7, What is the maximum number of new forms a client may see with the e-Signature process?
0
1
3
XX5
8, Who must be present to electronically sign documents when the clients are married filing jointly and applying for a loan product?
Taxpayer
Taxpayer and Tax Professional
XXTaxpayer, Spouse, and Tax Professional
No one
9, When reviewing the list of documents on the left side of the screen, which description is accurate?
Yellow Checked Documents – Any documents with a yellow check mark on them are documents that have been electronically signed and meet the signature requirements.
XXYellow Highlighted Documents – A yellow highlighted document is the document currently being viewed in the Document Reader.
Green Checked Documents – Documents with a green check marks on them are documents that do not meet the signature requirements and need to be reviewed. This usually occurs when a spouse’s signature is required or if the Tax Professional has not witnessed the signature.
Green Outlined Documents – The green outlined documents are documents that have not been reviewed.
10, For a MFJ return where the spouse is not present and any of the consents have been marked as "yes", which is not a correct statement?
If not reviewing Banking or Settlement product document, exit the Document Reader and put the return on hold until the spouse can be present.
Have the client decline to use e-Signature by declining to sign the "Authorization to Electronically Sign and apply e-Signature" document and use paper.
XXSwitch the return to paper by using the “Present” drop-down menu to indicate who is present at the tax desk.
Finish signing the Banking and Settlement product documentation and have the spouse come in later to electronically sign the documents.
Question 7
What is the maximum number of new forms a client may see with the e-Signature process?
Your answer: 5
Question 10
For a MFJ return where the spouse is not present and any of the consents have been marked as "yes", which is not a correct statement?
Your answer: Switch the return to paper by using the “Present” drop-down menu to indicate who is present at the tax desk.