Question 4 of 6. Exempt organizations are required to e-file their tax retums. An exception to this rule applies for: O Form 990-EZ returns filed in 2021. Initial returns O Final returns. O Application for recognition of exemption has been approved. Mark for follow up Question 5 of 6. Under simplified tax accounting proposed regulations issued on July 30, 2020, which is FALSE for small business taxpayers (other tha OOO Cash method of accounting may be used. Uniform capitalization rules (UNICAP) are not required. Inventory costs may be claimed as non-incidental materials and supplies, the earlier of when paid or when the item is sold. Personal income is excluded from gross receipts. O Mark for follow up Question 6 of 6. Cheri is a calendar-year taxpayer who sustained a non-farm net operating loss in 2019. Under the ARES Act, which is FALSE? Cheri may carry the loss back five years to her 2014 return using Form 1045 or Form 1040-X. Type here to search 11