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www.herasincometaxschool.com      (213) 454-0567      1-877-300-6837

Encourage others to learn taxes with our Tax School.

Welcome Back!

    Student Name: Jose Jesus Zacarias  
         
    Address: 421 20th Street  
    City, State, Zip: San Diego, CA 92102  
    Email: zactour@hotmail.com  
    Phone No.: 619.238.1577  
    CTEC No. : A151010  
1129JJ   PTIN: P00616251  
cudbertocudberto   Oregon No. : NA  
1129   EA No.: NA  
1128 cudberto      
    Course Type: Continuing Education  
       
 

 

2020 Continuing Tax Education Courses

Tax Professional Registration (Upon completion, please go to ctec.org, Oregon Board of Tax Practitioners, Maryland or New York Tax Preparer Registration to complete your registration and pay your fees)

 

     
         
       
         

 

 

 

Tracker -> 2020 California Review Questions -> Transcript (Jose Jesus Zacarias)

Summary Report

Candidate:

Jose Jesus Zacarias

User Identifier 2:

zactour@hotmail.com

User Identifier 3:

A151010

User Identifier 4:

POO616251

Quiz Title:

2020 California Review Questions

Overall Result:

PASS

Overall Score:

110/150

Percentage Score:

73

Passing Percentage:

70

Time Results Received:

Sep 27, 15:10:31, 2019

Time Spent:

00:12:13



 

Question Breakdown

Question Reference

Answer

Score

Time

Question 1 The TCJA tax reform amended section 11(3) to provide a pe

B. We will continue to use the same California Consumer

10

19.42s

Question 2 One of the tax planning strategies is about knowing how n

C. Does not conform with federal to the changes to the NOL

10

102.99s

Question 3 As with married couples, things happen in the relationshi

D. All of the above.

10

143.00s

Question 4 Moving expenses have been suspended by the TCJA for tax y

C. California will continue to allow moving expenses at the

10

67.50s

Question 5 California taxes the interest received from bonds that ar

A. Look forward to paying the tax on the interest earned

10

15.49s

Question 6 The new Tax Cuts and Job Act has also revised the depreci

C. Both A and B above.

10

83.44s

Question 7 All depreciation methods used must be acceptable to Calif

B. Adjust your depreciation and the useful life of the

10

16.97s

Question 8 California mainly conforms to the federal tax law, except

A. When there are issues involving California residency

0

18.18s

Question 9 The new Tax Cuts and Jobs Act of 2017 also brought change

C. California wants to keep to the original plan to help

10

25.44s

Question 10 In order to motivate companies to make treatment drugs t

C. No comparable credit but the expenses can be repurposed.

10

20.44s

Question 11 There are benefits offered by investing in a Roth IRA wh

A. If you contribute too much to a Roth IRA, you may have to

0

62.20s

Question 12 You must be able to identity what constitutes unemployme

A. As far as California is concerned, unemployment is not

10

56.89s

Question 13 Now the federal IRC has due diligence requirements for q

D. None, California conforms to the due diligence

10

33.31s

Question 14 The nonrefundable renter s credit, as with the other cre

D. The correct information on the California tax return and

0

19.91s

Question 15 If you didn t itemize deductions on your federal tax ret

D. None of the above.

0

38.72s

 

 

Tracker -> 2018 California Final Exam -> Transcript (Jose Jesus Zacarias)

Summary Report

Candidate:

Jose Jesus Zacarias

User Identifier 2:

zactour@hotmail.com

User Identifier 3:

A151010

User Identifier 4:

POO616251

User Identifier 5:

1129

Quiz Title:

2018 California Final Exam

Overall Result:

PASS

Overall Score:

200/250

Percentage Score:

80

Passing Percentage:

70

Time Results Received:

Sep 27, 20:42:36, 2019

Time Spent:

00:33:16



 

Question Breakdown

Question Reference

Answer

Score

Time

Question New federal tax law limits the NOL deduction to 80 percent o

D. Will continue to allow NOLs to be carried back two years

10

55.62s

Question On December 22, 2017, the new tax bill went into effect incr

D. All of the above.

10

66.32s

Question The federal law changes to simplify the kiddie tax by effect

B. California does not conform to the federal IRC section

0

385.44s

Question Talking about students and the tax benefits of being a stude

A. Reverse it for California tax purposes by entering the

10

47.66s

Question The following type of eligible medical expenses will change

A. Expenses for doctor, dentists, chiropractors,

0

49.68s

Question The new Tax Cut and Job Act has changed our 2018 SALT The n

D. None, California does not allow a deduction for state and

10

195.81s

Question California conforms to the federal EITC as to the federal la

B. Only if these amounts are subject to California

10

124.52s

Question California agrees and has been conforming to the deduction o

B. Does not conform to the new federal limitation on the

10

78.96s

Question The new Tax Cuts and Job Act law has made the deduction for

A. Increases to 60%.

0

23.59s

Question The annual contribution is adjusted for inflation as are mos

A. $15,000 because California conforms to the increase.

0

96.45s

Question There are many credits, deductions and employee fringe benef

D. None of the above.

10

46.81s

Question The provision in the new Tax Cuts and Jobs Act allows studen

C. Both A and B above.

10

74.57s

Question California does not conform to the federal standard deductio

A. The standard deduction amounts for California are

10

57.99s

Question Due to the fact that the Paid Family Leave (PFL) program is

B. Tax Free for California tax purposes.

10

38.58s

Question The following is a true statement about ridesharing fringe b

C. California law provides income exclusions for

10

60.14s

Question An exclusion from gross income of certain military pay recei

D. All of the above.

0

123.24s

Question Upon filing a California domestic partnership with the state

A. With this ruling, individuals of the same sex can now

10

68.78s

Question The new TCJA tax reform suspends all miscellaneous itemized

C. Both A and B above.

10

40.57s

Question California offers tax breaks for businesses located in econ

D. All of the above.

10

30.15s

Question Very important to remember that if both the state of Califor

B. There is no need to file Schedule CA of Form 540.

10

50.65s

Question You should consider tax planning as part of your tax filing

B. Tax planning strategies.

10

53.70s

Question Qualified bicycle commuting reimbursement exclusion has bee

A. Does not conform to the suspension.

10

39.55s

Question We are mostly concerned with items that differ in preparing

A. You must account for the difference and make the

10

44.42s

Question This deduction can allow you to take a deduction for up to 2

A. California does not conform to the new federal deduction

10

56.74s

Question The threshold percentage of unreimbursed medical expenses is

A. Differ - 10 percent for federal taxes and 7.5 percent for

10

72.36s

 

 

Tracker -> 2019 Tax Ethics Final -> Transcript (Jose Jesus Zacarias)

Summary Report

Candidate:

Jose Jesus Zacarias

User Identifier 2:

zactour@hotmail.com

User Identifier 3:

A151010

User Identifier 4:

POO616251

User Identifier 5:

1129

Quiz Title:

2019 Tax Ethics Final

Overall Result:

PASS

Overall Score:

160/200

Percentage Score:

80

Passing Percentage:

70

Time Results Received:

Sep 14, 13:28:54, 2019

Time Spent:

00:21:07



 

Question Breakdown

Question Reference

Answer

Score

Time

Question An examining officer, or other Service officer or employee w

C. The taxpayer directly.

0

45.49s

Question The new thing this time around is that an individual applyin

B. Form W-7

10

50.98s

Question Filing electronically allows you to receive your refund much

A. 3 weeks.

10

8.83s

Question For 2018, you must complete and submit _________ for all pap

C. Form 1040EZ.

0

126.23s

Question Tax preparation is your profession and you should always fol

D. Any of the above.

10

25.46s

Question The taxpayer who is issued an ITIN is usually not eligible t

A. These people are usually not eligible for an SSN.

10

38.56s

Question You need to answer the questions covering EITC eligibility o

C. Form 8867

10

131.07s

Question A preparer that is also a financial institution, but has not

D. Any of the above.

10

227.73s

Question Your client may need to file Form 8862 in 2018 and may be ba

A. Next 10 years.

10

16.39s

Question If you prepared a tax return two years ago when you were par

A. At every stage of the tax returns you prepare to be able

10

41.05s

Question The ERO may use ___________ as authority to input the taxpa

B. Pre-signed authorizations

10

25.82s

Question A few things to consider, even the most basic of things abou

D. All of the above.

10

67.49s

Question Starting in 2018, you can represent taxpayers if you are

D. Any of the above.

10

12.15s

Question The IRS can only allow so much abuse and may start sending L

B. $1,000 for each missing form.

0

183.92s

Question Under IRC section 6692(g), the new tax law Tax Cuts and Jobs

B. $520 for each failure.

10

20.77s

Question The director of the Office of Professional Responsibility mu

A. 30 days

10

16.51s

Question A ________ may be imposed, per I R C §6695(f), on a return

B. $520 penalty.

10

118.11s

Question You as a tax professional are defined under the FTC as a fin

D. All of the above.

10

29.26s

Question Providers must never put their address in fields reserved fo

 

0

45.26s

Question The IRS has identified ___________ as a key indicator of pot

A. Questionable Forms W-2

10

22.04s

 


 

Tracker -> 2019 Updates Final Exam -> Transcript (Jose Jesus Zacarias)

Summary Report

Candidate:

Jose Jesus Zacarias

User Identifier 2:

zactour@hotmail.com

User Identifier 3:

A151010

User Identifier 4:

POO616251

User Identifier 5:

1129

Quiz Title:

2019 Updates Final Exam

Overall Result:

PASS

Overall Score:

280/400

Percentage Score:

70

Passing Percentage:

70

Time Results Received:

Sep 3, 13:13:42, 2019

Time Spent:

00:43:25



 

Question Breakdown

Question Reference

Answer

Score

Time

Question Other items also affect couples which would cause a marriag

D. All of the above.

10

26.36s

Question Repealing of the Affordable Care Act will be done in

D. 2021 for tax year 2020.

0

42.98s

Question What is a modification made to the mortgage interest, charit

C. The new rules do not allow deductions for interest on

10

69.38s

Question The Dependent Care FSA (DCFSA) is a pre-tax benefit account

C. Both A and B above.

10

53.35s

Question The couple will have again resulting in a marriage bonus i

C. Both A and B above.

10

68.20s

Question There will be no change to the Child and Dependent Care Cred

C. Both A and B above.

10

27.65s

Question All efforts by Republicans to do away with the Affordable Ca

C. We will still be liable for the Obamacare penalty for tax

10

40.03s

Question For tax year 2018 we will no longer be able to take deductio

C. Unreimbursed employee expenses along with parking and

10

58.42s

Question It may be some kind of hack which the new administration is

D. All of the above.

10

85.28s

Question The new tax bill had plans of eliminating or reducing educat

D. None of the above.

10

24.45s

Question Instead of a marriage penalty, the couple could fair better

B. Bonus.

10

47.20s

Question Income can stilll be sheltered in a dependent care flexible

B. Up to $5,000 per year per dependent.

0

94.40s

Question The deduction for state and local taxes is limited to $10,00

D. Taxpayers will be more interested in claiming the

0

62.24s

Question A taxpayer can completely eliminate the possibility of the m

A. Planning their taxes before marriage.

10

31.48s

Question It is the goal of the tax accountant to use every possible l

A. Usually this is done with proper tax planning.

10

47.70s

Question What is a notable change to the charitable contribution dedu

C. Both A and B above.

10

17.16s

Question We can measure the consumer price index by looking at the av

C. New tax law - new way to calculate inflation.

10

42.21s

Question One change in the new tax law is that

D. All of the above.

10

55.12s

Question The house of Representatives original tax reform bill conta

B. Seven tax brackets.

10

28.40s

Question The way that pass-through business income is taxed is part o

B. In 2018, you will be able to deduct 20% of your

10

51.79s

Question For tax purposes, a couple who is married

C. Both A and B above.

10

45.30s

Question By inflation we mean rising prices and by deflation we mean

C. The new tax law will now use the chained CPI which grows

0

28.45s

Question The marriage penalty is almost gone What is the marriage pe

D. All of the above.

10

39.85s

Question The new administration is trying to simplify the tax code by

B. Doubling the standard deduction for all taxpayers.

0

67.34s

Question The sheltered dependent care flexible spending account on po

D. Any of the above.

10

31.30s

Question Pass-through entities are businessese organized under the ow

D. All of the above.

0

95.55s

Question The new administration is trying to influence corporations t

A. Penalizing corporations who stay abroad.

0

56.45s

Question The itemized deductions such as for mortgage interest, chari

A. The standard deduction for your filing status will most

10

59.23s

Question Larger families will definitely be affected by the eliminati

D. All of the above.

10

74.03s

Question What is taxed under capital gains?

D. Only property that you hold for more than one year.

0

63.93s

Question There will be a nonrefundable credit if your child is 17 or

C. $500.

10

48.93s

Question The end result behind the changes to the corporate tax rates

D. A U.S. corporation will have to continue to pay taxes on

0

383.74s

Question For tax year 2018 we will no longer be able to take deductio

B. State and local taxes.

0

62.63s

Question The new administration was frantically trying to get everyth

A. New tax laws have to cover an entire year- the entire 12

10

31.47s

Question The threshold for the medical expense deduction was 7 5% of

A. We are back to the 7.5% threshold.

10

31.74s

Question Many professionals such as lawyers, doctors and accountants

B. Hopefully the pass-through income deduction of 20% from

0

118.50s

Question A U S corporation that had to pay taxes on their profits ear

A. No more corporate double taxation for foreign

10

88.78s

Question Why does it matter that capital gains are held short term or

B. Short-term capital gains are subject to taxation as

10

58.86s

Question The tax rates are lower with about 2% less than with the pre

D. 10%.

10

171.28s

Question Taxpayers use tax benefits to significantly reduce their reg

A. There are two tax systems in place when calculating the

0

49.45s


 

 

 

Tracker -> 2018 Federal Tax Law Final Exam -> Transcript (Jose Jesus Zacarias)

Summary Report

Candidate:

Jose Jesus Zacarias

User Identifier 2:

zactour@hotmail.com

User Identifier 3:

A151010

User Identifier 4:

POO616251

User Identifier 5:

1129

Quiz Title:

2018 Federal Tax Law Final Exam

Overall Result:

Pass

Overall Score:

340/500

Percentage Score:

70

Passing Percentage:

70

Time Results Received:

Aug 28, 15:17:55, 2019

Time Spent:

00:43:22



 

Question Breakdown

Question Reference

Answer

Score

Time

Question The Tax Cuts and Jobs Act did not make any changes to the IR

D. Any of the above.

10

56.61s

Question If you expect your 2018 tax liability to be ________ or more

A. $1,000.

10

54.50s

Question For 2018, if we have $10,000 hobby income and $10,000 hobby

B. $10,000

10

32.44s

Question There is a penalty for receiving an excessive claim for refu

D. 50 percent.

0

46.09s

Question In 2018, if you are entitled to a lump-sum distribution from

Asking your employer to make a direct rollover of your

10

78.89s

Question To further illustrate, you bought 5,000 shares of XYZ Corp

B. You have no qualified dividends from XYZ Corporation

10

65.58s

Question For 2018, the maximum allowed depreciation expenses for pass

D. $100,000 limitation.

0

41.26s

Question You are allowed to contribute and deduct up to 60% of your A

A. $21,000

10

35.24s

Question You can request an automatic extension of time to file a 201

C. Form 4868.

10

97.44s

Question For 2018, you are required to report information about asset

 

0

2.27s

Question Business income is any income received from the sale of your

C. Security deposits and loans.

10

27.63s

Question The Earned Income Tax Credit remains unchanged under the new

D. Help needy families.

0

40.05s

Question For 2018, there are many things you can do to keep good reco

D. Any of the above.

10

27.74s

Question In 2018 this end of January date was January 29, 2018 In 20

D. Memorial day.

0

50.23s

Question For 2018, the CDCTC or child care dependent tax credit allow

A. If therefore if there is no tax to cancel, there is no

10

51.13s

Question Under the new tax law, Starting in 2018 the qualifying prope

D. Any of the above.

10

31.55s

Question The new Tax Cuts and Jobs Act expenses that are still deduct

C. Both A and B above.

10

118.41s

Question For 2018, the 529 plans have been expanded under the new Tax

A. This has been known under the name 529 college savings

10

50.58s

Question You can try to figure out what to do about making sure the I

C. Both A and B above.

10

55.07s

Question If you are married, you can only take an additional standard

B. $1,600

0

195.11s

Question If you are single and receive $25,000 is Social Security ben

D. $10,000.

0

276.41s

Question For 2018, you would deduct a percentage of these expenses -

D. Simplified method.

0

38.71s

Question For 2018, unemployment benefits are fully taxable and the be

C. Form 1099-G.

10

34.47s

Question There are things you must consider in your ability to deduct

C. Both A and B above.

10

32.32s

Question For 2018, to be able to deduct 50% of your meals as a busine

B. Ordinary and necessary in carrying on your trade or

10

30.23s

Question The older or blind individuals will continue to receive an a

A. $1,300 for 2018.

10

44.65s

Question Starting in 2018, a taxpayer would not be allowed to claim a

 

0

51.08s

Question You must also consider the time when you make certain expens

C. Both A and B above.

10

64.68s

Question Estimated tax is the method used to pay Social Security and

B. Form 1040-ES

10

106.46s

Question For 2018, expenses that would normally have nothing to do wi

B. 100 percent.

10

40.80s

Question Starting in 2018, as it relates to listed property, each yea

C. The lesser of A or B above.

10

117.59s

Question The highest 2018 tax rate is

D. 39.60 percent.

0

16.79s

Question For 2018, the personal exemption which is normally adjusted

B. $0

10

23.79s

Question The new deduction for pass-through businesses was created by

D. All of the above.

10

27.98s

Question You may claim on Form 8863 a Lifetime Learning credit of up

D. $5,000.

0

25.20s

Question For 2018, you must prove or be ready to prove that you have

D. All of the above.

10

26.97s

Question For 2018, if you are required to file an FBAR and fail to do

B. $10,000.

10

65.38s

Question The rules for employer-operated eating facilities remain at

D. All of the above.

10

27.14s

Question For 2018, the simplified method at arriving at your deductib

B. $5,000.

0

29.47s

Question For 2018, a report on Foreign Bank and Financial Accounts, g

A. Exceeds $10,000.

10

18.43s

Question Practically everything you received for your work or service

D. All of the above.

10

28.88s

Question You must keep records in 2018 to substantiate your tax retur

D. Any of the above.

10

19.92s

Question The suspension of unreimbursed employee business deductions

A. The hobby losses will be completely eliminated.

10

15.76s

Question You may contribute to a dependent care FSA if you expect to

A. $5,000.

0

16.49s

Question When a taxpayer dies, his standard deduction is what it woul

C. $13,300

10

55.67s

Question Under the new Tax Cuts and Jobs Act, a qualified 2016 disas

A. 10 percent.

10

20.81s

Question In 2018, you generally must report sales and other dispositi

C. Form 8949.

10

71.92s

Question For 2018, a mandatory ______ withholding rate applies to eli

A. 10 percent.

0

17.81s

Question For some eligible property with longer production periods, t

D. Any of the above.

0

26.23s

Question For 2018, under the new Tax Cuts and Jobs Act, the three cap

D. None of the above.

0

45.18s


 

 

 

 

Tracker -> 2020 Ethics Review Questions -> Transcript (Jose Jesus Zacarias)

Summary Report

Candidate:

Jose Jesus Zacarias

User Identifier 2:

zactour@hotmail.com

User Identifier 3:

A151010

User Identifier 4:

POO616251

Quiz Title:

2020 Ethics Review Questions

Overall Result:

PASS

Overall Score:

80/100

Percentage Score:

80

Passing Percentage:

70

Time Results Received:

Aug 23, 19:47:37, 2019

Time Spent:

00:03:40



 

Question Breakdown

Question Reference

Answer

Score

Time

Question 1 To reduce your risk of identity theft for 2019, you need

D. All of the above.

10

17.50s

Question 2 You should probably modify your interview packets to incl

B.  Will show due diligence.

0

15.19s

Question 3 In 2019, anytime an ERO enters the taxpayer s PIN on the

C. Both A and B above.

0

13.60s

Question 4 For 2019, the following is a true statement regarding pra

A. The practitioner must use reasonable efforts to identify

10

40.43s

Question 5 To qualify for continuing tax education credit for an enr

D. All of the above.

10

12.09s

Question 6 With respect to any matter administered by the Internal R

D. None of the above.

10

17.05s

Question 7 Tax advisors should provide clients with the highest qual

C. Establishing the facts, determining which facts are

10

48.05s

Question 8 Being convicted of any criminal offense under the revenue

D. Considered disreputable conduct.

10

9.05s

Question 9 Subject to certain limitations, an individual who is not

D. Any of the above.

10

15.63s

Question 10 A durable power of attorney is a power of attorney which

B. Specifies that the appointment of the attorney-in-fact

10

22.23s

 

 

Tracker -> 2019 Updates Final Exam -> Transcript (Jose Jesus Zacarias)

Summary Report

Candidate:

Jose Jesus Zacarias

User Identifier 2:

zactour@hotmail.com

User Identifier 3:

A151010

User Identifier 4:

POO616251

User Identifier 5:

1129

Quiz Title:

2019 Updates Final Exam

Overall Result:

Pass

Overall Score:

270/400

Percentage Score:

70

Passing Percentage:

70

Time Results Received:

Aug 23, 18:59:53, 2019

Time Spent:

00:37:02



 

Question Breakdown

Question Reference

Answer

Score

Time

Question Other items also affect couples which would cause a marriag

D. All of the above.

10

39.16s

Question Repealing of the Affordable Care Act will be done in

D. 2021 for tax year 2020.

0

41.69s

Question What is a modification made to the mortgage interest, charit

A. The mortgage interest deduction includes mortgage debt

0

85.14s

Question The Dependent Care FSA (DCFSA) is a pre-tax benefit account

C. Both A and B above.

10

66.97s

Question The couple will have again resulting in a marriage bonus i

C. Both A and B above.

10

41.59s

Question There will be no change to the Child and Dependent Care Cred

C. Both A and B above.

10

27.50s

Question All efforts by Republicans to do away with the Affordable Ca

C. We will still be liable for the Obamacare penalty for tax

10

56.67s

Question For tax year 2018 we will no longer be able to take deductio

C. Unreimbursed employee expenses along with parking and

10

30.53s

Question It may be some kind of hack which the new administration is

D. All of the above.

10

50.41s

Question The new tax bill had plans of eliminating or reducing educat

D. None of the above.

10

33.24s

Question Instead of a marriage penalty, the couple could fair better

B. Bonus.

10

76.07s

Question Income can stilll be sheltered in a dependent care flexible

B. Up to $5,000 per year per dependent.

0

36.05s

Question The deduction for state and local taxes is limited to $10,00

B. Some states like California with high priced homes and

10

79.62s

Question A taxpayer can completely eliminate the possibility of the m

A. Planning their taxes before marriage.

10

39.84s

Question It is the goal of the tax accountant to use every possible l

 

0

2.77s

Question What is a notable change to the charitable contribution dedu

B. You can no longer deduct donations to a college in

0

47.83s

Question We can measure the consumer price index by looking at the av

C. New tax law - new way to calculate inflation.

10

83.80s

Question One change in the new tax law is that

D. All of the above.

10

51.37s

Question The house of Representatives original tax reform bill conta

B. Seven tax brackets.

10

28.20s

Question The way that pass-through business income is taxed is part o

B. In 2018, you will be able to deduct 20% of your

10

66.37s

Question For tax purposes, a couple who is married

C. Both A and B above.

10

31.90s

Question By inflation we mean rising prices and by deflation we mean

D. All of the above.

10

65.97s

Question The marriage penalty is almost gone What is the marriage pe

D. All of the above.

10

48.82s

Question The new administration is trying to simplify the tax code by

B. Doubling the standard deduction for all taxpayers.

0

53.74s

Question The sheltered dependent care flexible spending account on po

D. Any of the above.

10

54.17s

Question Pass-through entities are businessese organized under the ow

D. All of the above.

0

48.34s

Question The new administration is trying to influence corporations t

A. Penalizing corporations who stay abroad.

0

54.42s

Question The itemized deductions such as for mortgage interest, chari

A. The standard deduction for your filing status will most

10

53.25s

Question Larger families will definitely be affected by the eliminati

D. All of the above.

10

45.48s

Question What is taxed under capital gains?

A. Anything and everything you own and use for personal or

10

83.40s

Question There will be a nonrefundable credit if your child is 17 or

B. $2,100.

0

75.04s

Question The end result behind the changes to the corporate tax rates

B. The United States will become more globally competitive.

10

102.04s

Question For tax year 2018 we will no longer be able to take deductio

B. State and local taxes.

0

97.30s

Question The new administration was frantically trying to get everyth

A. New tax laws have to cover an entire year- the entire 12

10

56.41s

Question The threshold for the medical expense deduction was 7 5% of

B. It remains at the 10% threshold.

0

48.90s

Question Many professionals such as lawyers, doctors and accountants

B. Hopefully the pass-through income deduction of 20% from

0

81.44s

Question A U S corporation that had to pay taxes on their profits ear

A. No more corporate double taxation for foreign

10

76.80s

Question Why does it matter that capital gains are held short term or

B. Short-term capital gains are subject to taxation as

10

51.94s

Question The tax rates are lower with about 2% less than with the pre

D. 10%.

10

33.71s

Question Taxpayers use tax benefits to significantly reduce their reg

A. There are two tax systems in place when calculating the

0

51.05s


 

 

 

 
2019 Updates Essay
What are the tax breaks for parents? How do the new tax rules affect the Child Tax Credit? What does the dependent care flexible spending account do for parents?
INTRODUCTION
Being a parent is an expensive affair. The U.S. tax code helps relieve the financial burden a little by offering several tax breaks for parents, like pay for child care, college tuition, inflation, credits for education, child care and for simply having children.
The child tax credit (CTC) of up to $2,000 for each child under age 17 who is a citizen. ... If the credit exceeds taxes owed, taxpayers can receive up to $1,400 of the balance as a refund, known as the additional child tax credit (ACTC) or refundable CTC.
The Dependent Care Flexible Spending Account, or “FSA,” is a pre-tax benefit account used to pay for dependent care services while you are at work. ... For example, if both you and your spouse work full time and you pay for after-school care for your kids, that is an eligible "work-related" expense.
The American Opportunity tax credit is based on 100% of the first $2,000 of qualifying college expenses and 25% of the next $2,000, for a maximum possible credit of $2,500. For 2018, you can claim the American Opportunity Tax Credit of up to $2,500 if: Your student is in their first four years of college.
If You claim the standard deduction or itemized deductions to lower your taxable income. The standard deduction lowers your income by one fixed amount. On the other hand, itemized deductions are made up of a list of eligible expenses. You can claim whichever lowers your tax bill the most.
What is the new way to calculate inflation?
The formula for calculating the Inflation Rate using the Consumer Price Index (CPI). Every month the Bureau of Labor Statistics (BLS) surveys thousands of prices all over the country and generates the CPI or (Consumer Price Index).
IN CONCLUSION.
The new administration campaign tax plan was that the number of tax brackets would reduce from seven to three. Similarly, the House of Representatives’ original tax reform bill contained four brackets. Ultimately, we are still at the seven-bracket structure. The tax rates are lower with about 2 % less than with the previous tax brackets but starting at 10%.
What are the tax breaks for parents? How do the new tax rules affect the Child Tax Credit? What does the dependent care flexible spending account do for parents?
INTRODUCTION
Being a parent is an expensive affair. The U.S. tax code helps relieve the financial burden a little by offering several tax breaks for parents, like pay for child care, college tuition, inflation, credits for education, child care and for simply having children.
The child tax credit (CTC) of up to $2,000 for each child under age 17 who is a citizen. ... If the credit exceeds taxes owed, taxpayers can receive up to $1,400 of the balance as a refund, known as the additional child tax credit (ACTC) or refundable CTC.
The Dependent Care Flexible Spending Account, or “FSA,” is a pre-tax benefit account used to pay for dependent care services while you are at work. ... For example, if both you and your spouse work full time and you pay for after-school care for your kids, that is an eligible "work-related" expense.
The American Opportunity tax credit is based on 100% of the first $2,000 of qualifying college expenses and 25% of the next $2,000, for a maximum possible credit of $2,500. For 2018, you can claim the American Opportunity Tax Credit of up to $2,500 if: Your student is in their first four years of college.
If You claim the standard deduction or itemized deductions to lower your taxable income. The standard deduction lowers your income by one fixed amount. On the other hand, itemized deductions are made up of a list of eligible expenses. You can claim whichever lowers your tax bill the most.
What is the new way to calculate inflation?
The formula for calculating the Inflation Rate using the Consumer Price Index (CPI). Every month the Bureau of Labor Statistics (BLS) surveys thousands of prices all over the country and generates the CPI or (Consumer Price Index).
If You claim the standard deduction or itemized deductions to lower your taxable income. The standard deduction lowers your income by one fixed amount. On the other hand, itemized deductions are made up of a list of eligible expenses. You can claim whichever lowers your tax bill the most.
What is the new way to calculate inflation?
The formula for calculating the Inflation Rate using the Consumer Price Index (CPI). Every month the Bureau of Labor Statistics (BLS) surveys thousands of prices all over the country and generates the CPI or (Consumer Price Index).
 
IN CONCLUSION.
The new administration campaign tax plan was that the number of tax brackets would reduce from seven to three. Similarly, the House of Representatives’ original tax reform bill contained four brackets. Ultimately, we are still at the seven-bracket structure. The tax rates are lower with about 2 % less than with the previous tax brackets but starting at 10%.
IN CONCLUSION.
The new administration campaign tax plan was that the number of tax brackets would reduce from seven to three. Similarly, the House of Representatives’ original tax reform bill contained four brackets. Ultimately, we are still at the seven-bracket structure. The tax rates are lower with about 2 % less than with the previous tax brackets but starting at 10%.

 

 

 

Tracker -> 2020 Tax Law Review Questions -> Transcript (Jose Jesus Zacarias)

Summary Report

Candidate:

Jose Jesus Zacarias

User Identifier 2:

zactour@hotmail.com

User Identifier 3:

A151010

User Identifier 4:

POO616251

Quiz Title:

2020 Tax Law Review Questions

Overall Result:

PASS

Overall Score:

220/300

Percentage Score:

73

Passing Percentage:

70

Time Results Received:

Aug 21, 16:39:58, 2019

Time Spent:

00:13:06



 

Question Breakdown

Question Reference

Answer

Score

Time

Question 1 The results compared to previous results give us informat

A. Rising prices.

10

33.35s

Question 2 Practically everything you received for your work or serv

D. All of the above.

10

45.78s

Question 3  In 2019, there are penalties for not filing a required F

C. Both A or B above.

10

8.74s

Question 4 For 2019, Schedule B Part III is where you report a finan

D. Any of the above.

10

17.07s

Question 5 You can try to figure out what to do about making sure th

C. Both A and B above.

10

65.19s

Question 6 What are the types of calculation methods for claiming of

C. Either A or B above.

10

17.26s

Question 7 Individuals always challenge the constitutionality of tax

C. Both A and B above.

10

11.05s

Question 8 In 2019 or any tax year, you should supply the taxing age

D. All of the above.

0

13.23s

Question 9 The Internal Revenue Service will use the 2019 tax return

D. All of the above.

10

12.06s

Question 10 To determine if you must file a tax return for 2019, you

D. All income regardless of source.

0

16.82s

Question 11 Even if you are not required to file a tax return for 20

D. Any of the above.

10

17.63s

Question 12 You may be able to include your child s interest and div

C. No federal income tax was withheld from your

0

64.29s

Question 13 You may have to file a tax return for 2019 even if your

D. Only A and B above.

10

31.30s

Question 14 The head of household filing status has more requirement

A. To have supported a home for your dependent for more than

10

24.12s

Question 15 If you do not itemize deductions, you are entitled to a

B. January 2, 1955

10

39.52s

Question 16 Once you are married in 2019, you can file as

C. Married Filing jointly only.

0

16.10s

Question 17 You will most likely be obligated to file a 2019 tax ret

D. Any of the above.

10

64.13s

Question 18 For 2019, the new tax law will now use the _______ which

A. Chained CPI

10

6.21s

Question 19 For 2019, the new tax law treatment of alimony payments

C. Either A or B above.

10

42.78s

Question 20 In 2019, the due diligence requirement that has always b

D. All of the above.

10

12.98s

Question 21 If you don t show proper due diligence on how you qualif

A. The IRS will impose a $520 penalty for each failure.

10

16.76s

Question 22 For 2018, it is important that you be aware that you can

B. There is a new $500 nonrefundable credit for dependents

10

24.69s

Question 23 For 2019, foreigners who are individuals should apply fo

D. Can only apply in person with an authorized agent.

0

13.85s

Question 24 If you were married on or before December 31, 2019, you

B. You file your tax return as married filing separate.

0

26.46s

Question 25 If you were married at the end of 2019, even if you did

A. It is always your legal right to file your tax return

10

16.16s

Question 26 If you obtain a court decree of annulment in 2019, which

D. All of the above.

10

16.67s

Question 27 For 2019, the following is a stipulation that determines

B. You are known in the community as holding a relationship

10

25.82s

Question 28 Unreimbursed employee business expenses, such as job tra

C. Does not affect the office in the home deduction.

0

15.87s

Question 29 The kiddie tax will most likely apply until the year the

B. One or both parents are alive at the end of the year.

0

34.80s

Question 30 Business expenses are those charges that you incur in ca

D. 100% deductible.

10

15.08s

 

 

 

 

 

 

 

 

 

 

2018/2019 Continuing Education

 

hand with finger pointing downwards to topics to be completed How Many Hours?   Assign Score Exam Score Completed Date  Submission File  Comments 
Tax Updates 2018 3   A+ C 7/19/18 Please scroll down to view results Excellent!
               
Tax Law 2018 10   A+ C 9/23/18   Excellent!
               
Tax Ethics 2018 2   B B+ 9/27/18   Excellent!
               
California Specific 2018 5   B+ B 10/09/18   Excellent!
               
Total Hours: 20            
               
               
               
            Print Certificate 18043
          IRS Notified 10/16/18  
Current GPA:         CTEC Notified 10/16/18  
Cumulative GPA:         Oregon    
Honor Roll List?        

EA

   

 

 

Results 2018:

 

Tracker -> 2018 Federal Tax Law Final Exam -> Transcript (Jose Jesus Zacarias)

Summary Report       2018 Federal Tax Law Final Exam

Candidate:

Jose Jesus Zacarias

User Identifier 2:

zactour@hotmai.com

User Identifier 3:

A151010

User Identifier 5:

1129

Quiz Title:

2018 Federal Tax Law Final Exam

Overall Result:

PASS

Overall Score:

350/500

Percentage Score:

70

Passing Percentage:

70

Time Results Received:

Oct 15, 15:07:58, 2018

Time Spent:

00:48:52



 

Question Breakdown

Question Reference

Answer

Score

Time

Question For 2018, to be able to deduct 50% of your meals as a busine

B. Ordinary and necessary in carrying on your trade or

10

16.91s

Question In 2018, if you are entitled to a lump-sum distribution from

B. Making a tax-free rollover within the 90 day period.

0

18.18s

Question There is a penalty for receiving an excessive claim for refu

D. 50 percent.

0

23.63s

Question For 2018, the maximum allowed depreciation expenses for pass

D. $100,000 limitation.

0

24.84s

Question Under the new Tax Cuts and Jobs Act, a qualified 2016 disas

A. 10 percent.

10

11.62s

Question You must keep records in 2018 to substantiate your tax retur

D. Any of the above.

10

12.32s

Question Under the new tax law, Starting in 2018 the qualifying prope

D. Any of the above.

10

15.11s

Question In 2018 this end of January date was January 29, 2018 In 20

B. Emancipation Day.

10

12.47s

Question You can request an automatic extension of time to file a 201

C. Form 4868.

10

294.97s

Question Starting in 2018, as it relates to listed property, each yea

A. The Section 280F limitation.

0

12.08s

Question The Earned Income Tax Credit remains unchanged under the new

B. Take into account adjustments for information.

10

17.09s

Question For 2018, you would deduct a percentage of these expenses -

A. Standard method.

10

14.54s

Question If you are married, you can only take an additional standard

B. $1,600

0

33.11s

Question Estimated tax is the method used to pay Social Security and

B. Form 1040-ES

10

82.13s

Question For 2018, a report on Foreign Bank and Financial Accounts, g

A. Exceeds $10,000.

10

15.12s

Question For 2018, there are many things you can do to keep good reco

D. Any of the above.

10

13.48s

Question If you are single and receive $25,000 is Social Security ben

D. $10,000.

0

46.21s

Question Practically everything you received for your work or service

D. All of the above.

10

43.83s

Question Business income is any income received from the sale of your

C. Security deposits and loans.

10

17.75s

Question In 2018, you generally must report sales and other dispositi

C. Form 8949.

10

172.90s

Question To further illustrate, you bought 5,000 shares of XYZ Corp

B. You have no qualified dividends from XYZ Corporation

10

18.24s

Question For 2018, a mandatory ______ withholding rate applies to eli

A. 10 percent.

0

14.78s

Question The suspension of unreimbursed employee business deductions

A. The hobby losses will be completely eliminated.

10

25.97s

Question For 2018, if we have $10,000 hobby income and $10,000 hobby

B. $10,000

10

22.15s

Question For 2018, you must prove or be ready to prove that you have

D. All of the above.

10

20.81s

Question There are things you must consider in your ability to deduct

A. You will only be able to deduct the interest on the first

0

11.62s

Question The new deduction for pass-through businesses was created by

D. All of the above.

10

129.31s

Question You can try to figure out what to do about making sure the I

C. Both A and B above.

10

36.65s

Question For 2018, the 529 plans have been expanded under the new Tax

A. This has been known under the name 529 college savings

10

24.29s

Question For 2018, under the new Tax Cuts and Jobs Act, the three cap

C. Applied to 20% of the total income level.

0

296.83s

Question For 2018, the CDCTC or child care dependent tax credit allow

A. If therefore if there is no tax to cancel, there is no

10

25.91s

Question For 2018, you are required to report information about asset

A. $50,000

10

224.67s

Question The rules for employer-operated eating facilities remain at

D. All of the above.

10

24.36s

Question For 2018, if you are required to file an FBAR and fail to do

B. $10,000.

10

151.26s

Question For 2018, the simplified method at arriving at your deductib

B. $5,000.

0

270.53s

Question You are allowed to contribute and deduct up to 60% of your A

A. $21,000

10

18.14s

Question For 2018, unemployment benefits are fully taxable and the be

C. Form 1099-G.

10

181.33s

Question You must also consider the time when you make certain expens

D. It would not matter as long as the expenses are made from

0

57.71s

Question You may claim on Form 8863 a Lifetime Learning credit of up

D. $5,000.

0

136.86s

Question The highest 2018 tax rate is

D. 39.60 percent.

0

6.45s

Question If you expect your 2018 tax liability to be ________ or more

A. $1,000.

10

8.90s

Question For 2018, the personal exemption which is normally adjusted

B. $0

10

24.17s

Question For 2018, expenses that would normally have nothing to do wi

B. 100 percent.

10

34.25s

Question You may contribute to a dependent care FSA if you expect to

A. $5,000.

0

22.00s

Question Starting in 2018, a taxpayer would not be allowed to claim a

B. Will not incur a penalty if it does not provide a written

10

27.12s

Question The older or blind individuals will continue to receive an a

A. $1,300 for 2018.

10

51.18s

Question When a taxpayer dies, his standard deduction is what it woul

C. $13,300

10

55.90s

Question The Tax Cuts and Jobs Act did not make any changes to the IR

D. Any of the above.

10

18.21s

Question For some eligible property with longer production periods, t

D. Any of the above.

0

26.89s

Question The new Tax Cuts and Jobs Act expenses that are still deduct

C. Both A and B above.

10

40.93s



 

Technical Record

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1366x768

Client IP:

72.197.84.17

Client Time:

Mon Oct 15 2018 15:21:12 GMT-0700 (Pacific Daylight Time)

Version:

Mozilla/5.0 (Windows NT 6.3; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/69.

Source URL:

https://herasincometaxschool.com/relawfinal/

 

 

Tracker -> 2019 Federal Tax Updates -> Transcript (Jose Jesus Zacarias)

Summary Report

Candidate:

Jose Jesus Zacarias

User Identifier 2:

zactour@hotmai.com

User Identifier 3:

A151010

User Identifier 4:

POO616251

User Identifier 5:

1129

Quiz Title:

2019 Federal Tax Updates

Overall Result:

PASS

Overall Score:

210/300

Percentage Score:

70

Passing Percentage:

70

Time Results Received:

Oct 13, 15:21:32, 2018

Time Spent:

00:39:04



 

Question Breakdown

Question Reference

Answer

Score

Time

Question The PATH Act law states that starting January 1, 2018, bonus

B. On December 22, 2017, the new tax bill went into effect

10

132.07s

Question Starting in 2018, the unreimbursed employee business expense

D. All of the above.

10

28.84s

Question The kiddie tax will most likely apply until the year the chi

D. All of the above.

0

27.26s

Question The new Tax Cuts and Jobs Act of 2017 will increase the stan

A. $12,000; $24,000

10

9.17s

Question The alternative minimum tax will continue with the new Tax C

B. Only be 28 percent.

10

139.09s

Question You can discharge your federal and private student loan debt

B. Will no longer be treated as taxable income by the

10

20.47s

Question If an employer reimburses an employee for a business expense

A. The employee is allowed to claim a tax deduction for this

0

76.51s

Question The new Tax Cuts and Job Act law has made the deduction for

C. It is up to 10 percent to 60 percent.

10

14.67s

Question The rules for moving expenses have changed with the new Tax

D. All of the above.

10

36.69s

Question If you are both the owner and the beneficiary on both accoun

A. The funds rolled over from the 529 college savings

10

35.18s

Question If your Adjusted Gross Income is $35,000, you can contribute

A. 60% of your Adjusted Gross Income.

10

32.72s

Question Colleges and universities counted on the previous tax code t

B. The Tax Cuts and Job Act has repealed the rule that

10

30.88s

Question Everything else very much remains the same as to the qualifi

A. Allows for a $500 credit for other dependents who are

10

69.00s

Question The new Tax Cut and Job Act has changed our SALT for 2018 T

C. Limited to $10,000 in total starting in 2018.

10

211.21s

Question Other than being at a tax bracket of 39 6% and being taxed a

D. All of the above.

10

48.38s

Question What is the marriage penalty? The TCJA of 2017 has lowered t

D. All of the above.

0

170.24s

Question For 2018, the deduction for casualty and theft losses has be

C. Both A and B above.

10

25.47s

Question Many taxpayers are misinformed and believe that the Affordab

A. The ACA continues as if there is no Tax Cuts and Jobs Act

10

58.93s

Question It has always been that only new property placed in service

A. Allows used property too.

10

49.57s

Question In 2018 and each year a passenger auto is depreciated, the d

A. The section 280F limitation.

0

123.45s

Question After the 2017 and 2018 tax years in which the 7 5 percent m

A. remain at 7.5% for at least 5 years.

0

21.27s

Question The new Tax Cuts and Jobs Act (TCJA) has limitations on the

A. You definitely will not be able to carryforward any of

0

43.37s

Question The premium tax credit continues and thus taxpayers who cont

B. Is no intention in the code for discontinuing the premium

10

26.50s

Question The taxpayer must substantiate on a contemporaneous acknowle

C. Both A and B above.

10

69.10s

Question For 2018, the TCJA retains the historic rehabilitation tax c

D. All of the above.

10

50.75s

Question There are two items you must consider in your ability to ded

B. $750,000 of your home mortgage debt.

10

15.57s

Question If the employer chooses to provide the fringe benefit affect

A. The employer will be able to claim a tax deduction for

10

307.78s

Question The general rule is that a repeal of statutory language that

 

0

253.69s

Question The Tax Cuts and Jobs Act (TCJA) has repealed the Affordable

A. $695.

0

147.35s

Question Starting in 2018, under the new tax bill, children with ITIN

A. Nonrefundable.

0

52.54s



 

Technical Record

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1366x768

Client IP:

72.197.84.17

Client Time:

Sat Oct 13 2018 15:44:29 GMT-0700 (Pacific Daylight Time)

Version:

Mozilla/5.0 (Windows NT 6.3; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/69.

Source URL:

https://herasincometaxschool.com/reupdatesfinal/

 

 

 

Tracker -> 2018 California Final Exam -> Transcript (Jose Jesus Zacarias)

Summary Report       2018 California Final Exam

Candidate:

Jose Jesus Zacarias

User Identifier 2:

zactour@hotmai.com

User Identifier 3:

A151010

User Identifier 4:

POO616251

User Identifier 5:

1129

Quiz Title:

2018 California Final Exam

Overall Result:

PASS

Overall Score:

210/250

Percentage Score:

84

Passing Percentage:

70

Time Results Received:

Oct 8, 21:17:09, 2018

Time Spent:

00:39:09



 

Question Breakdown

Question Reference

Answer

Score

Time

Question This deduction can allow you to take a deduction for up to 2

A. California does not conform to the new federal deduction

10

343.90s

Question The following is a true statement about ridesharing fringe b

C. California law provides income exclusions for

10

130.22s

Question California conforms to the federal EITC as to the federal la

B. Only if these amounts are subject to California

10

77.70s

Question The new TCJA tax reform suspends all miscellaneous itemized

C. Both A and B above.

10

57.75s

Question Qualified bicycle commuting reimbursement exclusion has bee

A. Does not conform to the suspension.

10

42.19s

Question On December 22, 2017, the new tax bill went into effect incr

D. All of the above.

10

92.67s

Question New federal tax law limits the NOL deduction to 80 percent o

A. Will permit a carryover of an NOL until January 1, 2026.

0

270.68s

Question California does not conform to the federal standard deductio

A. The standard deduction amounts for California are

10

51.81s

Question The provision in the new Tax Cuts and Jobs Act allows studen

C. Both A and B above.

10

71.24s

Question The federal law changes to simplify the kiddie tax by effect

C. California does not conform to the federal

10

188.86s

Question We are mostly concerned with items that differ in preparing

A. You must account for the difference and make the

10

73.42s

Question California agrees and has been conforming to the deduction o

B. Does not conform to the new federal limitation on the

10

35.57s

Question There are many credits, deductions and employee fringe benef

D. None of the above.

10

56.97s

Question The new Tax Cut and Job Act has changed our 2018 SALT The n

D. None, California does not allow a deduction for state and

10

58.93s

Question Very important to remember that if both the state of Califor

B. There is no need to file Schedule CA of Form 540.

10

60.77s

Question An exclusion from gross income of certain military pay recei

D. All of the above.

0

97.26s

Question California offers tax breaks for businesses located in econ

D. All of the above.

10

33.12s

Question Due to the fact that the Paid Family Leave (PFL) program is

C. 50 percent of the wages normally paid to an employee are

0

178.83s

Question The new Tax Cuts and Job Act law has made the deduction for

B. Continues to be 50%.

10

85.58s

Question The following type of eligible medical expenses will change

D. None of the above will differ.

10

31.92s

Question The threshold percentage of unreimbursed medical expenses is

D. Continue to remain the same for both.

0

59.41s

Question Upon filing a California domestic partnership with the state

A. With this ruling, individuals of the same sex can now

10

52.14s

Question The annual contribution is adjusted for inflation as are mos

B. $14,000 because California does not conform to the

10

36.31s

Question Talking about students and the tax benefits of being a stude

A. Reverse it for California tax purposes by entering the

10

32.75s

Question You should consider tax planning as part of your tax filing

B. Tax planning strategies.

10

117.17s



 

Technical Record

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1366x768

Client IP:

72.197.84.17

Client Time:

Mon Oct 08 2018 21:39:54 GMT-0700 (Pacific Daylight Time)

Version:

Mozilla/5.0 (Windows NT 6.3; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/69.

Source URL:

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Tracker -> 2019 California Review Questions -> Transcript (Jose Jesus Zacarias)

Summary Report    2019 California Review Questions

Candidate:

Jose Jesus Zacarias

User Identifier 2:

zactour@hotmai.com

User Identifier 3:

A151010

User Identifier 4:

POO616251

User Identifier 5:

1129

Quiz Title:

2019 California Review Questions

Overall Result:

PASS

Overall Score:

130/150

Percentage Score:

87

Passing Percentage:

70

Time Results Received:

Oct 8, 20:13:43, 2018

Time Spent:

00:24:25



 

Question Breakdown

Question Reference

Answer

Score

Time

Question 1 The TCJA tax reform amended section 11(3) to provide a pe

B. We will continue to use the same California Consumer

10

24.03s

Question 2 One of the tax planning strategies is about knowing how n

D. All of the above.

0

55.55s

Question 3 As with married couples, things happen in the relationshi

D. All of the above.

10

71.88s

Question 4 Moving expenses have been suspended by the TCJA for tax y

C. California will continue to allow moving expenses at the

10

171.37s

Question 5 California taxes the interest received from bonds that ar

A. Look forward to paying the tax on the interest earned

10

82.03s

Question 6 The new Tax Cuts and Job Act has also revised the depreci

A. California does not conform to the TCJA provisions for

0

57.77s

Question 7 All depreciation methods used must be acceptable to Calif

B. Adjust your depreciation and the useful life of the

10

36.74s

Question 8 California mainly conforms to the federal tax law, except

D. Any of the above.

10

99.53s

Question 9 The new Tax Cuts and Jobs Act of 2017 also brought change

C. California wants to keep to the original plan to help

10

48.34s

Question 10 In order to motivate companies to make treatment drugs t

C. No comparable credit but the expenses can be repurposed.

10

181.57s

Question 11 There are benefits offered by investing in a Roth IRA wh

C. California conforms to federal tax law on contributions,

10

141.23s

Question 12 You must be able to identity what constitutes unemployme

A. As far as California is concerned, unemployment is not

10

196.46s

Question 13 Now the federal IRC has due diligence requirements for q

D. None, California conforms to the due diligence

10

64.33s

Question 14 The nonrefundable renter s credit, as with the other cre

B. A California Renter's Credit Qualification

10

171.47s

Question 15 If you didn t itemize deductions on your federal tax ret

D. None of the above.

10

44.20s



 

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en-US

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Tracker -> 2019 Ethics Review Questions -> Transcript (Jose Jesus Zacarias)

Summary Report     2019 Ethics Review Questions

Candidate:

Jose Jesus Zacarias

User Identifier 2:

zactour@hotmai.com

User Identifier 3:

A151010

User Identifier 4:

POO616251

User Identifier 5:

1129

Quiz Title:

2019 Ethics Review Questions

Overall Result:

PASS

Overall Score:

80/100

Percentage Score:

80

Passing Percentage:

70

Time Results Received:

Oct 9, 12:15:08, 2018

Time Spent:

00:09:42



 

Question Breakdown

Question Reference

Answer

Score

Time

Question 1 To reduce your risk of identity theft for 2018, you need

D. All of the above.

10

31.32s

Question 2 You should probably modify your interview packets to incl

B.  Will show due diligence.

0

109.90s

Question 3 In 2018, anytime an ERO enters the taxpayer s PIN on the

C. Both A and B above.

0

37.01s

Question 4 For 2018, the following is a true statement regarding pra

A. The practitioner must use reasonable efforts to identify

10

117.80s

Question 5 To qualify for continuing tax education credit for an enr

D. All of the above.

10

30.64s

Question 6 With respect to any matter administered by the Internal R

D. None of the above.

10

22.54s

Question 7 Tax advisors should provide clients with the highest qual

C. Establishing the facts, determining which facts are

10

78.10s

Question 8 Being convicted of any criminal offense under the revenue

D. Considered disreputable conduct.

10

38.14s

Question 9 Subject to certain limitations, an individual who is not

D. Any of the above.

10

29.53s

Question 10 A durable power of attorney is a power of attorney which

B. Specifies that the appointment of the attorney-in-fact

10

79.17s



 

Technical Record

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Operating System:

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Client Time:

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Version:

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Tracker -> 2019 Tax Ethics Final -> Transcript (Jose Jesus Zacarias)

Summary Report

Candidate:

Jose Jesus Zacarias

User Identifier 2:

zactour@hotmai.com

User Identifier 3:

A151010

User Identifier 4:

POO616251

User Identifier 5:

1129

Quiz Title:

2019 Tax Ethics Final

Overall Result:

PASS

Overall Score:

170/200

Percentage Score:

85

Passing Percentage:

70

Time Results Received:

Sep 27, 20:43:57, 2018

Time Spent:

00:20:53



 

Question Breakdown

Question Reference

Answer

Score

Time

Question The IRS can only allow so much abuse and may start sending L

A. $520 for each missing form.

10

22.48s

Question You must go into your PTIN account and sign the ____________

C. Form 8453.

0

129.04s

Question Your client may need to file Form 8862 in 2018 and may be ba

A. Next 10 years.

10

29.22s

Question The taxpayer who is issued an ITIN is usually not eligible t

A. These people are usually not eligible for an SSN.

10

26.61s

Question You need to answer the questions covering EITC eligibility o

C. Form 8867

10

55.93s

Question You as a tax professional are defined under the FTC as a fin

D. All of the above.

10

45.53s

Question Under IRC section 6692(g), the new tax law Tax Cuts and Jobs

B. $520 for each failure.

10

54.02s

Question The ERO may use ___________ as authority to input the taxpa

B. Pre-signed authorizations

10

51.71s

Question A few things to consider, even the most basic of things abou

D. All of the above.

10

72.75s

Question The director of the Office of Professional Responsibility mu

A. 30 days

10

17.47s

Question A ________ may be imposed, per I R C §6695(f), on a return

D. $10,000 penalty.

0

292.36s

Question If you prepared a tax return two years ago when you were par

A. At every stage of the tax returns you prepare to be able

10

62.95s

Question Providers must never put their address in fields reserved fo

B. Pre-signed authorizations

0

74.83s

Question A preparer that is also a financial institution, but has not

D. Any of the above.

10

75.95s

Question Starting in 2018, you can represent taxpayers if you are

D. Any of the above.

10

29.67s

Question The new thing this time around is that an individual applyin

B. Form W-7

10

58.92s

Question An examining officer, or other Service officer or employee w

B. The District Director of the taxpayer.

10

33.26s

Question For 2018, you must complete and submit _________ for all pap

A. Form 8867.

10

59.75s

Question The IRS has identified ___________ as a key indicator of pot

A. Questionable Forms W-2

10

30.41s

Question Tax preparation is your profession and you should always fol

D. Any of the above.

10

17.11s



 

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Source URL:

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Tax Law" has a new submission
Here are the details of the submission:
  • Student Name:
    Jose Jesus Zacarias
     
  • Email:
    zactour@hotmail.com
     
  • CTEC Number:
    A151010
     
  • 1. The results compared to previous results give us information about our economy – inflation or deflation. This tells us if the economy is good in 2018 or if it is not doing so well. By inflation we mean
    D. Chained CPI.
     
  • 2. Practically everything you received for your work or services is taxable. This applies to 2018 or any tax year. Additionally,
    D. All of the above.
     
  • 3.  In 2018, there are penalties for not filing a required FBAR. Regardless of whether you must file a FBAR, you may have to
    C. Both A or B above.
     
  • 4. For 2018, Schedule B Part III is where you report a financial interest or signature authority over a financial account located in a foreign country. A financial account includes
    D. Any of the above.
     
  • 5. You can try to figure out what to do about making sure the IRS does not treat your business as a hobby and this includes diligently running your business as a business and not as a hobby and this especially important after tax year 2018. Another thing to look into is the IRS safe-harbor rules. These rules state that
    C. Both A and B above.
     
  • 6. What are the types of calculation methods for claiming office in the home for 2018?
    C. Either A or B above.
     
  • 7. Individuals always challenge the constitutionality of taxation. An instance when the challenge of tax laws was successful was
    C. Both A and B above.
     
  • 8. In 2018 or any tax year, you should supply the taxing agencies with
    B. The most correct information requested on the tax forms and worksheets.
     
  • 9. The Internal Revenue Service will use the 2018 tax return information you supply
    D. All of the above.
     
  • 10. To determine if you must file a tax return for 2018, you must include in your gross income,
    D. All income regardless of source.
     
  • 11. Even if you are not required to file a tax return for 2018, you should consider filing
    D. Any of the above.
     
  • 12. You may be able to include your child's interest and dividend income on your 2018 tax return if
    D. Any of the above.
     
  • 13. You may have to file a tax return for 2018 even if your gross income is less than the required amounts if you
    D. Only A and B above.
     
  • 14. The head of household filing status has more requirements to be met than the other filing statuses. One of these requirements for 2018 is
    A. To have supported a home for your dependent for more than half the cost of maintaining the home.
     
  • 15 If you do not itemize deductions, you are entitled to a higher standard deduction if you are 65 or older at the end of the tax year. For 2018, you are considered 65 on the day before your 65th birthday. Therefore, you can take a higher standard deduction for 2018 if you were born before
    B. January 2, 1954
     
  • 16. Once you are married in 2018, you can file as
    B. Married Filing Separately.
     
  • 17. You will most likely be obligated to file a 2018 tax return if
    D. Any of the above.
     
  • 18. For 2018, the new tax law will now use the _______ which grows slower than the traditional consumer price index.
    A. Chained CPI
     
  • 19. For 2018, the new tax law treatment of alimony payments will apply to payments that are required under divorce or separation instruments that are
    C. Either A or B above.
     
  • 20. In 2018, the due diligence requirement that has always been in place for the Earned income credit is also now available for
    A. The head of household filing status.
     
  • 21. If you don't show proper due diligence on how you qualified your client for the head of household filing status for 2018,
    A. The IRS will impose a $520 penalty for each failure.
     
  • 22. For 2018, it is important that you be aware that you cannot claim the earned income credit using an ITIN, except that
    B. There is a new $500 nonrefundable credit for dependents with an ITIN.
     
  • 23. For 2018, foreigners who are individuals should apply for an Individual Taxpayer Identification Number (ITIN) on Form W-7. Each applicant for an ITIN
    A. Should attach a copy of Form 1040 to Form W-7.
     
  • 24. If you were married on or before December 31, 2018, you can either be Married filing jointly or Married Filing separate for tax year 2018. However, you can probably qualify for Head of Household filing status if
    C. You can be considered unmarried for 2018.
     
  • 25. If you were married at the end of 2018, even if you did not live with your spouse at the end of 2018 you can use the Married Filing Jointly filing status. However, you don't have to. In addition,
    A. It is always your legal right to file your tax return separately.
     
  • 26. If you obtain a court decree of annulment in 2018, which holds that no valid marriage ever existed, you
    D. All of the above.
     
  • 27. For 2018, the following is a stipulation that determines if you are indeed in a common law marriage.
    B. You are known in the community as holding a relationship as a married couple.
     
  • 28. Unreimbursed employee business expenses, such as job travel, union dues, job education, et al, is suspended starting with tax year 2018. The suspension of this deduction
    C. Does not affect the office in the home deduction.
     
  • 29. The kiddie tax will most likely apply until the year the child reaches age 24. The 2018 requirement for the kiddie tax is
    D. All of the above.
     
  • 30. Business expenses are those charges that you incur in carrying on your trade or business. If your business operates to make a profit in 2018, these expenses are usually
    D. 100% deductible.

 

 

 

 

"Tax Law" has a new submission
Here are the details of the submission:
  • Student Name:
    Jose Jesus Zacarias
     
  • Email:
    zactour@hotmail.com
     
  • CTEC Number:
    A151010
     
  • 1. The results compared to previous results give us information about our economy – inflation or deflation. This tells us if the economy is good in 2018 or if it is not doing so well. By inflation we mean
    A. Rising prices.
     
  • 2. Practically everything you received for your work or services is taxable. This applies to 2018 or any tax year. Additionally,
    D. All of the above.
     
  • 3.  In 2018, there are penalties for not filing a required FBAR. Regardless of whether you must file a FBAR, you may have to
    C. Both A or B above.
     
  • 4. For 2018, Schedule B Part III is where you report a financial interest or signature authority over a financial account located in a foreign country. A financial account includes
    D. Any of the above.
     
  • 5. You can try to figure out what to do about making sure the IRS does not treat your business as a hobby and this includes diligently running your business as a business and not as a hobby and this especially important after tax year 2018. Another thing to look into is the IRS safe-harbor rules. These rules state that
    D. You must conduct the activity in a business-like manner by keeping good records.
     
  • 6. What are the types of calculation methods for claiming office in the home for 2018?
    C. Either A or B above.
     
  • 7. Individuals always challenge the constitutionality of taxation. An instance when the challenge of tax laws was successful was
    C. Both A and B above.
     
  • 8. In 2018 or any tax year, you should supply the taxing agencies with
    D. All of the above.
     
  • 9. The Internal Revenue Service will use the 2018 tax return information you supply
    D. All of the above.
     
  • 10. To determine if you must file a tax return for 2018, you must include in your gross income,
    D. All income regardless of source.
     
  • 11. Even if you are not required to file a tax return for 2018, you should consider filing
    D. Any of the above.
     
  • 12. You may be able to include your child's interest and dividend income on your 2018 tax return if
    D. Any of the above.
     
  • 13. You may have to file a tax return for 2018 even if your gross income is less than the required amounts if you
    D. Only A and B above.
     
  • 14. The head of household filing status has more requirements to be met than the other filing statuses. One of these requirements for 2018 is
    A. To have supported a home for your dependent for more than half the cost of maintaining the home.
     
  • 15 If you do not itemize deductions, you are entitled to a higher standard deduction if you are 65 or older at the end of the tax year. For 2018, you are considered 65 on the day before your 65th birthday. Therefore, you can take a higher standard deduction for 2018 if you were born before
    B. January 2, 1954
     
  • 16. Once you are married in 2018, you can file as
    C. Married Filing jointly only.
     
  • 17. You will most likely be obligated to file a 2018 tax return if
    D. Any of the above.
     
  • 18. For 2018, the new tax law will now use the _______ which grows slower than the traditional consumer price index.
    A. Chained CPI
     
  • 19. For 2018, the new tax law treatment of alimony payments will apply to payments that are required under divorce or separation instruments that are
    C. Either A or B above.
     
  • 20. In 2018, the due diligence requirement that has always been in place for the Earned income credit is also now available for
    D. All of the above.
     
  • 21. If you don't show proper due diligence on how you qualified your client for the head of household filing status for 2018,
    A. The IRS will impose a $520 penalty for each failure.
     
  • 22. For 2018, it is important that you be aware that you cannot claim the earned income credit using an ITIN, except that
    B. There is a new $500 nonrefundable credit for dependents with an ITIN.
     
  • 23. For 2018, foreigners who are individuals should apply for an Individual Taxpayer Identification Number (ITIN) on Form W-7. Each applicant for an ITIN
    B. No longer needs to attach a copy of your tax return when submitting your Form W-7.
     
  • 24. If you were married on or before December 31, 2018, you can either be Married filing jointly or Married Filing separate for tax year 2018. However, you can probably qualify for Head of Household filing status if
    B. You file your tax return as married filing separate.
     
  • 25. If you were married at the end of 2018, even if you did not live with your spouse at the end of 2018 you can use the Married Filing Jointly filing status. However, you don't have to. In addition,
    A. It is always your legal right to file your tax return separately.
     
  • 26. If you obtain a court decree of annulment in 2018, which holds that no valid marriage ever existed, you
    D. All of the above.
     
  • 27. For 2018, the following is a stipulation that determines if you are indeed in a common law marriage.
    B. You are known in the community as holding a relationship as a married couple.
     
  • 28. Unreimbursed employee business expenses, such as job travel, union dues, job education, et al, is suspended starting with tax year 2018. The suspension of this deduction
    A. Affects the deduction of hobby expenses.
     
  • 29. The kiddie tax will most likely apply until the year the child reaches age 24. The 2018 requirement for the kiddie tax is
    D. All of the above.
     
  • 30. Business expenses are those charges that you incur in carrying on your trade or business. If your business operates to make a profit in 2018, these expenses are usually
    D. 100% deductible.

 

 

 

2018 Updates Essay:

Introduction;
The new administration proposed the following;
Tax Breaks for parents
Larger families will definitely be affected by the elimination of the personal exemption.
The good news is that larger families will dramatically benefit from the expanded Child Tax Credit
This Child Tax Credit will be doubled to $2,000 from the $1,000 amount that has been static for years
Itemized Deductions
You take the larger of the two deductions, your standard deduction or your itemized deductions.
For the itemized deductions you must list and have backup proof
For most probably will not be worth your time calculating .
Calculation of Inflation
The new tax law will now use the Chained CPI
It grows slower than the traditional consumer price index.
It is assumed that consumers will select other cheaper products and thus use a cheaper alternative.

 
Tax Breaks for parents
Larger families will definitely be affected by the elimination of the personal exemption. The good news is that larger families will dramatically benefit from the expanded Child Tax Credit available for each child who is under age 17. This Child Tax Credit will be doubled to $2,000 from the $1,000 amount that has been static for years. The best part for many is that the Child Tax Credit or part of it will be a refundable credit. Sadly, only up to $1,400 of it will be a refundable credit and the rest will be non-refundable which will count against any tax due. The phaseout threshold for the credit will be increase tremendously as shown in the following table:
Luckily there is no change to the Child and Dependent Care Credit. Individuals who qualify are allowed a credit of as much as $1,050 for one child under 13 or $2,100 for two children under 13.
Additionally, there is a nonrefundable credit of $500 if your child is 17 or older or if you take care of elderly relatives and this is subject to the same income thresholds as shown in the above chart
 
Itemized Deductions
You take the larger of the two deductions – your standard deduction or your itemized deductions. You don’t have to, but you will most likely the bigger of the two. Why? Because you will most likely get a higher tax benefit if you take the larger of the two.. So the itemized deductions such as for the mortgage interest, charitable contributions, medical expenses and the deduction for state and local taxes which you must list and have backup proof for are most probably will not be worth your time calculating.The standard deduction for your filing status already allowed will most probably be large than the itemized deduction figure. For example, your standard deduction for married filing jointly is $24,000.
 
Calculation of Inflation
The new tax law will now use the Chained CPI which grows slower than the traditional consumer price index. The Chained CPI use the same common household goods but if the particular goods or services get to expensive, it is assumed that consumers will select other cheaper products and thus use a cheaper alternative. The Chained CPI as a means to calculate inflation is supposed to be one of the positive items in the new tax law changes. What that means to individuals is that the income thresholds for each marginal tax bracket will rise more slowly than in previous years. Or is it? At first maybe, but this will not be so in later years. The new way will make a greater portion of each worker’s income subject to higher marginal tax rates in the long run. This could turn out to be disastrous for the middle class as it is expected to result in higher taxes.
 
In Conclusion; All This is for 2018 Taxes Filed in 2019
Every tax law has to cover an entire year – the entire 12 months. Therefore tax changes have to be in place on January 1, 2018 to apply to 2018 tax year. That means that we will be doing 2018 tax returns which are due by April 15, 2019. In essence there are minor changes to 2017 tax year taxes that are due to be filed by April 2018.. However, employers, the companies, corporations and other agencies have to worry about applying the new tax law all throughout 2018. We are in a pay-as –you go tax system which means that we apply rules gradually at every stage of the process.
 

 

 

 

 

2018 Continuing Tax Education Courses 

Tax Professional Registration (Upon completion, please go to ctec.org, Oregon Board of Tax Practitioners, Maryland or New York Tax Preparer Registration to complete your registration and pay your fees)
 
2017/2018
 
 
Registration Status: 
Registration Type: CE
 
Education
 
hand with finger pointing downwards to topics to be completed State Hours Ethics Hours Updates Hours Tax Law Hours   Score Completed Date  Submission File  Comments 
Tax Updates 2018     3     A+ 10-18-2017   Super!
Tax Law 2018       10   A+ 10-22-2017   Super!
Tax Ethics 2018   2       A+ 10-24-2017   Super!
California Specific 2018 5         A+ 10-25-2017 Results Super!
                   
                   
  5 2 3 10       Print Certificate 17136
      Total Hours: 20     IRS Notified 10-25-2017  
Current GPA:             CTEC Notified 10-25-2017  
Cumulative GPA:             Oregon NA  
Honor Roll List?            

EA

NA  
 

20 Hour Tax Course 2017  - 20 Hour California Continuing Tax Education 

 

Tax Professional Registration (Upon completion, please go to ctec.org to pay CTEC fees)
 
2016/2017
 
 
Registration Status: 
Registration Type: CE
 
Education
 
hand with finger pointing downwards to topics to be completed State Hours Ethics Hours Updates Hours Tax Law Hours   Category Assign. Score   Completed Date  Submission File  Comments   Category Final Exam Score   Completed Date  Submission File  Comments 
Tax Updates 2017     3    

A-

92% 4-28-2016 Results Super!   missing        
Tax Law       10  

B

74% 9-21-2016 Results Great!       151010r16lawfin    
Tax Ethics   2           151010r16ethicsrev           151010r16ethicsfin    
California Specific 5         missing           missing        
Overall Final Exam                       missing        
                                 
  5 2 3 10                     Print Certificate  
      Total Hours: 20                   IRS Notified    
Current GPA:                           CTEC Notified    
Cumulative GPA:                           Oregon NA  
Honor Roll List?                          

EA

NA  
 

20 Hour Tax Course 2015: 

Click on the following to complete this course:

Tax Topic Name Tax Updates Hours Tax Law Tax Ethics Hours State Hrs Total Hrs Score Score Completed Date  File Link Comments
Tax Updates 2015

3

 

      A- 92% 8-11-2015 Results Super!
Federal Tax Law  

10

      B- 82% 8-18-2015 Results Excellent!
Federal Tax Ethics    

2

    A 95% 9-12-2015 Results Super!
California Specific Tax Course  

 

 

5

 

C- 70% 9-25-2015 Results Good!
Final Exam           C+ 77% 9-30-2015 Results Excellent!
         

 

         
Total Hours:

3

10

2

5

20

   

Certificate Link

Certificate

15493
                IRS Notified 9-30-2015 126604699795
Current GPA:               CTEC Notified

9-30-2015

 
Cumulative GPA:               Oregon NA  
Honor Roll List?               EA NA  

2014 Tax Education: 

Tax Topic Name Tax Law Tax Updates Hours Tax Ethics Hours State Hrs Total Hrs Assign. Score   Completed Date  File Link Comments Quiz Score   Completed Date  File Link Comments
Task 1 - Filing A Federal Tax Return

10

        C- 72% 8-18-2014 Results Super! C 76% 10-29-2014 Results Excellent!
Task 2 - Tax Changes 2014

 

3

      B+ 88% 9-20-2014 Results Super! C- 72% 9-02-2014 Results Good!
Task 3 - Ethics Of Practice    

2

    C- 70% 9-05-2014 Results Good! B- 80% 9-10-2014 Results Excellent!
Task CA 1 - Filing A California Tax Return

 

 

 

5

 

A 95% 10-24-2014 Results Super! C+ 77% 10-03-2014 Results Excellent!
Final                     C 75% 10-21-2014 Results Excellent!
         

 

                   
Total Hours:

10

3

2

5

20

     

 

     

Certificate Link

Certificate

13403
                          IRS Notified 10-29-2014 122552305295
Current GPA:                         CTEC Notified

10-29-2014

 
Cumulative GPA:                         Oregon NA  
                          EA NA  

2013 Tax Education:

Tax Topic Name Federal tax Law  Tax Updates Hours Tax Ethics Hours State Hrs Total Hrs Assign. Score Comp Date  Quiz Score Comp Date  File File Comments
Subject T1 - Intro to Tax 3        

78%

8-14-2013

72%

8-15-2013

Results

Results Excellent!
Subject T2 - Filing Basics 3        

86%

8-21-2013

75%

9-17-2013

Results Results Super!
Subject T3 - Taxable & 4        

80%

9-06-2013

72%

11-08-2013

Results Results Excellent!
Subject T4 - Tax Updates   3      

83%

9-25-2013

76%

9-25-2013

Results Results Excellent!
Subject T5 - Proper Ethics    

2

   

70%

11-12-2013

80%

9-30-2013

Results Results Excellent!
Subject T6 - CA       5  

72%

11-21-2013

80%

9-30-2013

Results Results Excellent!
Final        

 

x  

70%

11-12-2013

Results   Good!
Certificate Request        

 

             
Total Hours:

10

3

2

5

20

   

 

 

Certificate Link

Certificate

13252
                    IRS Notified 11-12-2013 107402439830
Current GPA:                   CTEC Notified

11-12-2013

 
Cumulative GPA:                   Oregon NA  
                    EA NA  

2012 Tax Education:

Tax Topic Name Federal tax Law  Tax Updates Hours Tax Ethics Hours State Hrs Total Hrs Assign. Score Comp Date  Quiz Score Comp Date  File File Comments
Segment 1- Tax Law

10

       

72%

10-31-2012

Missing    Results   Missing quiz
Segment 2 - Updates

 

3

     

70%

11-02-2012

83%

11-02-2012

Rslts / Rslts Results  
Segment 3 - Ethics    

2

   

76%

11-02-2012

90%

09-20-2012

Rslts / Rslts Results  
Segment 4 - CA

 

 

 

5

 

73%

09-29-2012

66%

too low Results   Missing CA quiz
         

 

             
Total Hours:

10

3

2

5

20

   

 

 

Certificate Link

 

 
                    IRS Notified    
Current GPA:                   CTEC Notified

 

 
Cumulative GPA:                   Oregon NA  
                    EA NA  

2011 Tax Education:

Tax Course Name Federal tax Law Tax Updates Hours Tax Ethics Hours State Hrs Total Hrs Score Comp Date  File File Comments
             

 

 Results    
                     
Total:

10

3

2

5

20

75%

12-30-2011

Certificate Link

Certificate

Excellent!
                IRS Notified NA  
                CTEC Notified

12-30-2011

 
                Oregon NA  
Cumulative

GPA:

 75%

          EA NA  

 

 

 

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