Question

3
Which of the following actions may not be enough to protect a taxpayer from a failure to pay estimated
taxes penalty?
Your answer: The withholding is at least 100% of the preceding year’s tax liability (110% of that amount if
AGI on that return is more than $150,000, or if MFS, more than $75,000).

Which of the following property types applies to a business-use cell phone purchased and placed into
service on May 15, 2010?
Your answer: Other Listed Property

Question
10
How much is the excise tax to which a client will be subject if they do not convert the entire distribution
from a traditional IRA to a Roth IRA? Assume the client is over 59 1/2 when the distribution is made.
Your answer: 0%
he 2010 Medicare Part B premium for a taxpayer with a MAGI of $78,000 who did not have Medicare Part
B withheld in 2009 will be ___.
Your answer: $96.40 per month
Question

Without an extension of the Bush-era tax cuts, how much will the Child Tax Credit be per qualifying child
after December 31, 2010?
Your answer:
Question

What are your best resources for the latest information on the possible extensions of expired, or expiring,
provisions?
Your answer:
Question

What is one of the key problems with the AMT as it is currently implemented?
Your answer:
Question

The AMT is scheduled to permanently expire______________?

Your answer:
Question

What are your best resources for the latest information on a possible AMT patch for 2010?
Your answer:
Question

What question has been added to the INFO screen in TPS for Taxpayer and Spouse?
Your answer:
Question
10
What line is kept as a placeholder on the DED screen in TPS to allow for late-breaking tax law changes?
Your answer: Net Operating Loss Deduction
Question

In TPS how do you access Form 1045?

Your answer:
Question
Which of the following actions may not be enough to protect a taxpayer from a failure to pay estimated
taxes penalty?
Your answer:
Question

To avoid a penalty, tax law requires that the tax on each taxpayer’s taxable income be paid when?
Your answer:
Question

Employees rely on Form W-4 to adjust their withholding. What form do self-employed taxpayers complete
to be sure they meet their pay-as-you-go requirement? Form:
Your answer:
Question

This year, our job as Tax Professionals can be summed up with two measurements. What are these two
measurements?
Your answer:
Question

To support local marketing initiatives, Phil Mazzini, President – Retail Tax, spoke of how you can provide
what?
Your answer:
Question

The Tax Institute at H&R Block provides you with:

Your answer:
Question
3
In 2011, qualified HSA expenses will include:
Your answer: Only prescription medications.