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Jennifer Wendt
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Decks in this class (33)
Ch 1 - Terms (Wages, Income, and Taxes)
Learn Chapter 1
16
cards
Ch 1 - Questions (Wages, Income, and Taxes)
Items included in gross income,
Items excluded in gross income,
What do you do if w2 has been mod...
37
cards
W2 Box 12 Codes
Learn Box 12 codes and meanings
26
cards
Ch 2 - Terms (Filing Requirements)
Community income,
Community property,
Dependent
11
cards
Ch 2 - Questions (Filing Requirements)
What three factors determine fili...,
List the 5 filing statuses,
Marital status is determined when
54
cards
Ch 3 - Terms (Dependent Exemptions and Support)
Dependent Exemptions and Support Terms
17
cards
Ch 3 - Questions (Dependent Exemptions and Support)
Dependent Exemptions and Support
50
cards
Ch 4 - Terms (Dependent-Related Filing Statuses)
Custodial parent,
Dependent,
Fair rental value
18
cards
Ch 4 - Questions (Dependent-Related Filing Statuses)
How is the custodial parent deter...,
What form is used for the multipl...,
What return would a nonresident a...
52
cards
Scenarios
A total of 2350 is rounded up to,
2349 is rounded down to,
Bess rymon and her coworkers work...
167
cards
Ch 5 - Terms (Interest and Dividends)
Basis,
Capital gain distributions,
Mutual fund
9
cards
Ch 5 - Questions (Interest and Dividends)
What are some sources of interest,
Taxable interest or not interest ...,
Taxable interest or not interest ...
68
cards
Ch 6 - Terms (Itemized Deductions)
Acquisition debt,
Charitable contributions,
Contribution
13
cards
Ch 6 - Questions (Itemized Deductions)
What are common itemized deductions,
What does a taxpayer use when ite...,
What is debt incurred to acquire ...
113
cards
Ch 7 - Questions (BlockWorks1)
What should you do upon meeting y...,
What should you ask the taxpayer ...,
What should you have the taxpayer...
6
cards
Ch 7 Prep - Appendices
What can happen if the irs audit ...,
What documents verify taxpayer info,
Other issues to clarify and check
29
cards
Ch 10 - Questions (Wisconsin State Taxes)
Chapter 10 State
52
cards
Ch 11 - Terms (ACTC and EITC)
Additional child tax credit actc,
Child tax credit ctc,
Custodial parent
19
cards
Ch 11 - Questions (Credits vs Deductions)
What is the difference between cr...,
What does nonrefundable credit mean,
What does refundable credit mean
54
cards
Chapter 12 - Terms (Nontaxable Income)
Adjustment to income,
Alimony payments,
Disability pension
14
cards
Chapter 12 - Questions (Other Income and Adjustments)
List examples of nontaxable income,
Where can you find info on whethe...,
What is unemployment compensation
73
cards
Chapter 14 (Credits) - Terms
Advance payments of the premium t...,
Affordable care act aca,
Benchmark premium
20
cards
Chapter 14 - Questions (Credits)
How do deductions lower tax liabi...,
How do credits lower tax liability,
Is the child and dependent care c...
74
cards
Chapter 15 - Terms (Educational Provisions)
American opportunity tax credit aotc,
Credits,
Lifetime learning credit
6
cards
Chapter 15 - Questions (Educational Provisions)
What are three educational provis...,
What form is the tuition and fees...,
Is the tuition and fees deduction...
80
cards
Chapter 16 - Terms (Retirement)
401 k plan,
403 b plan,
457 plan
23
cards
Chapter 16 - Questions (Retirement)
What are qualified retirement plans,
What advantageous tax treatment i...,
What are nonqualified retirement ...
148
cards
Chapter 18 - Terms (Ethics)
Audit,
Circular 230,
Civil penalty
13
cards
Chapter 18 - Questions (Ethics)
Where is responsibility in ensuri...,
What are some specific situations...,
What fulfills the contemporaneous...
60
cards
Ch 19 - Questions (WI State tax)
What does wisconsin allow for soc...,
Are railroad benefits subject to ...,
When can taxpayers who were emplo...
63
cards
TCJA webinar for First Year - Questions
Has the marginal tax bracket syst...,
What is a good analogy for margin...,
What areas are changing in the ma...
30
cards
Tax Update Web Module - Questions
0
cards
Chapter 20 - Final Review
What is the difference between ea...,
If an employee thinks their w 2 f...,
What information do you need to k...
103
cards
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Federal tax prep
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