Final Exam > Results Page
final exam score:
final exam status:
100%PASSED
Final Exam > Question 1
The due date of the 2015 income tax return for most individuals (without regard to extensions) is:
December 31, 2015
March 15, 2016
XXX April 18, 2016
June 15, 2016
Final Exam > Question 2
If a taxpayer wants additional time to file a return, he can obtain an automatic extension for:
Two months
Four months
Five months
XXX Six months
Final Exam > Question 3
Federal income tax can be paid with any of the following except:
EFTPS Online
Credit card
IRS' Direct Pay
XXX Cash
Final Exam > Question 4
Tax returns are treated as timely filed in all of the following situations except:
The return is sent by the due date using an authorized private delivery service.
XXX The return is sent from Italy to an IRS service center using the Italy postal service.
The return is sent by the due date using U.S. mail.
The return is e-filed by the due date.
Final Exam > Question 5
Which of the following statements about electronic filing of tax returns is not correct?
XXX All taxpayers can file electronically for free.
Electronic filing speeds up the time for obtaining a refund.
W-2 forms do not have to be sent to the IRS if filing electronically.
No manual signature is required if the taxpayer uses a Self-Select PIN.
Final Exam > Question 6
The usual period in which a refund claim can be filed when a taxpayer has filed a return on time is:
Two years
XXX Three years
Six years
Seven years
Final Exam > Question 7
In lieu of filing an amended return a “quick refund” can be filed for:
A bad debt
A refund for any reason
XXX A net operating loss
A worthless security
Final Exam > Question 8
To use the U.S. Tax Court small-case procedure, the amount in dispute must be less than:
$10,000
XXX $50,000
$100,000
$250,000
Final Exam > Question 9
The IRS will consider an offer in compromise if:
XXX Acceptance of an offer would promote effective tax administration by preventing economic hardship.
The taxpayer is in bankruptcy.
The amount of outstanding tax liability exceeds $10,000.
The taxpayer makes a request for one, regardless of outstanding liability or personal financial circumstances.
Final Exam > Question 10
Electronic filing can be done through all of the following venues except:
A taxpayer’s home computer
A taxpayer’s computer at work
A paid professional’s computer
XXX A computer at an IRS service center