Final Exam
Student:
Wang, Kent
SCORE:
80%
One of the places you can designate a return as an "Approve Online" return is:
The Filing Status input pane.
XXThe Tax Information input pane.
The Personal Information input pane.
The e-File input pane
If the client chooses not to accept the self-select PIN for Approve Online, what action must the Tax Professional take before the return will be electronically filed?
Nothing. The return will be automatically e-filed when the client approves it in My Block.
XXConfirm receipt of the proper e-file signature documents on the Clients Tab under Approve Online.
Call the client and get their verbal approval to electronically file the return.
Enter the return and go through it again to the end so it will e-file.
Once you've typed your question on a BlockWorks User Community Board, what should you click on to make it visible to others?
"Publish"
"Post"
XX"Post a question" (Wrong)
"Post new thread
A client with Marketplace insurance should always contact the Marketplace in the event of:
A new or different job.
A divorce or marriage.
A birth or death.
XXAll of the above
What are the top two recommended methods for help with BlockWorks?
System Help and Technical Help.
XXSystem Help (F1) and Self-Help.
Self-Help and Local Help.
Local Help and Technical Help
What document should a taxpayer bring in for their appointment if they purchased insurance through the Marketplace?
1093-A
1094-A
XX1095-A
1096-A
The Authorization to E-Sign and the Client Service Agreement will now appear when you navigate away from which screen in BlockWorks?
XXThe E-File input pane. (Wrong)
The Filing Status input pane. (This is the correct Answer)
ZZ The Federal Summary screen.
YY The Welcome screen. (Wrong)
Where is the data stored for a "What-If" return?
In the cloud.
On the hard drive.
XXOn the Clients tab. (Wrong)
YYThe data isn't stored
How is a "What-If" return saved?
When you choose the appropriate hold code.
It's saved automatically to the Clients tab.
XXA "What-If" return cannot be saved or retained.
It's saved off-site, and you have to put in a request to get it back
If you have a client facing an ACA penalty, you should:
Search for exemptions your client might qualify for.
Talk with the client about how to avoid the penalty next year.
Advise the client to call the Marketplace when any life change event occurs.
XXAll of the above
Where can you find the BlockWorks User Manual?
XX In DNA>Business Priorities>BlockWorks Support.
In BlockWorks, by clicking on "Help".
In the cloud.
On your desktop.
What forms appear in the forms flow when a client indicates they had insurance through the Marketplace?
Forms 1095-A and 8965.
Form 8965 and the Marketplace Waiver
Form 8962 and Form 8965.
XXForm 1095-A and 8962
Before posting questions or replies on a BlockWorks User Community Board, you should remember to:
Keep posts centered on BlockWorks.
Review the BlockWorks DNA pages.
Share what I know but check my facts first.
XXAll of the above
When the search function is used on the Clients tab, a search is performed on:
XXAll tax returns started in my office. (Wrong)
All tax returns started at this workstation.
All tax returns included in the client list presented.
All tax returns started in my area
Where on the Clients tab should the Tax Professional check for the e-file status of an Approve Online tax return?
The e-file status of an Approve Online return isn't available on the Clients tab.
XXIn the Client Detail section, under Approve Online. (Wrong)
YY The e-file status will display in the Approve Online Status column. (Wrong)
In the Client Detail section, under E-File Status.
If a client bypasses the email and just enters their My Block account, what button will be missing?
ZZThe "Review Tax Return" button.
The "Import Tax Return" button.
XXThe "Contact Tax Professional" button. (Wrong)
YYThe "Schedule an Appointment" button (Wrong)
If your client has insurance through the Marketplace and they experience a life change, what should they do?
XXCall the Marketplace immediately.
Nothing; it's not a big deal.
Call the IRS.
Consider moving to a state with no income tax
One of the places you can designate a return as an "Approve Online" return is:
The Filing Status input pane.
The Tax Information input pane.
The Personal Information input pane.
The e-File input pane.
Clicking on the client's name in the Clients tab will:
XXSelect the client for an action. (Wrong)
YY Open the tax return.
Open the return in view mode only.
Nothing. The client name is display only.
What three choices are you given when you attempt to open a completed return?
Edit, e-File, Cancel
Edit, Cancel, Hold
XX Edit, What-If, Cancel
What-If, Hold, Cancel
When the Clients tab is first opened, the list of clients displayed will be:
All tax returns started by me, whether on hold or completed.
All tax returns started in my office.
All tax returns started at this workstation.
XXAll tax returns started in this office, including those marked "unresolved" (Wrong)