Basics Intermediate: Getting Your Taxes Done

Test your knowledge

Choose wisely. There is only one correct answer to each question.

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Review your answers below to learn more.

Which of the following statements is true?

Enrolled agents are specially trained IRS agents available to assist you with tax planning and return preparation.

Enrolled agents are required to have a professional degree.

All paid tax return preparers must now register with the IRS.

All paid tax return preparers must now register with the IRS. This includes EAs, CPAs, and attorneys.

Most tax preparation software offers the ability to prepare _______ taxes as well.

Local

County

State

State. Most tax preparation software offers the ability to prepare state taxes as well as federal taxes.

What is one type of information that a tax preparation software program might import for you?

Your budget

Your W-4 form from your employer

Your Facebook profile

Your W-4 form from your employer. Your W-4 form from your employer is one type of information that a tax preparation software program might import for you.

If you need a tax professional to argue your case before the IRS, which of the following could do that?

Enrolled agent

Tax attorney

Certified Public Accountant

Any of the above

Any of the above. All of these professionals can practice before the IRS.

What is one example of income that you have to report on your tax filing?

Income from a job

Child support

Supplemental Social Security benefits

Income from a job. Income from a job is one example of income that you have to report on your tax filing.