Question 2 of 70.

Which of these is a risk for a taxpayer when they are not compliant with the tax laws?

The IRS will interview both them and their employer.

An examination to check their compliance with all four EITC due diligence requirements.

An examination to check their returns for the next 2-10 years.

Civil penalties with the possibility of incarceration for criminal penalties.

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Question 3 of 70.

When may a noncustodial parent claim a child on their tax return?

When the noncustodial parent has the higher AGI.

Every other year.

When the custodial parent releases the exemption on Form 8332.

When they pay over 50% of the support for the child.

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Question 4 of 70.

Which of these certificates qualifies for the mortgage interest credit?

Federal Housing Administration Certificate.

Farmers Home Administration Certificate.

Homestead Staff Exemption Certificate.

Mortgage Credit Certificate.

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Question 5 of 70.

Anastasia, a 42-year-old taxpayer, earned $80,000 in wages. What is the maximum contribution she can make to her 401(k) plan in 2020?

$6,000

$7,000

$19,500

$26,000

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