Question 48 of 75. Which of these is a requirement for claiming the California Joint Custody Head of Household Credit?1. A verbal custody agreement between the parents.2. The home must be the home of the taxpayer's child, stepchild, or grandchild for at least half of the tax year.3. The taxpayer must be separated or divorced for at least six months. 4. The taxpayer must file as single or married/RDP filing separately.

Question 48 of 75. Which of these is a requirement for claiming the California Joint Custody Head of Household Credit?1. A verbal custody agreement between the parents.2. The home must be the home of the taxpayer's child, stepchild, or grandchild for at least half of the tax year.3. The taxpayer must be separated or divorced for at least six months. 4. The taxpayer must file as single or married/RDP filing separately.

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter10: Deductions And Losses: Certain Itemized Deductions

Section: Chapter Questions

Problem 5CPA: Which of the following would preclude a taxpayer from deducting student loan interest expense? a....

See similar textbooks

Similar questions

Which of the following would preclude a taxpayer from deducting student loan interest expense? a. The total amount paid is 1,000. b. The taxpayer is single with AGI of 55,000. c. The taxpayer is married filing jointly with AGI of 120,000. d. The taxpayer is taken as a dependent of another taxpayer.
Which of the following is not a deduction for AGI? a. Alimony paid for a divorce finalized in 2018. b. Business rent on a self-employed business. c. Property taxes paid on your primary residence. d. One half of self-employment tax.
Which one of the following conditions must be satisfied in order for a married taxpayer to be taxed on only his income if he resides in a community property state? a.The husband and wife must live apart for the entire year. b.The husband and wife must live apart for more than half the year. c.The husband and wife must be in the process of filing for a divorce. d.Only one of the spouses can be working and earning an income. e.None of these choices are correct.
Are the following required to file a federal income tax return? Married couple plans to file separately: Wife, age 64, gross income $4.600.
Under what circumstances, if any, can a married person file as a head of household? A. A married person, if otherwise qualified, can claim head of household status only in the first year that he or she can be classified as a surviving spouse. The taxpayer must maintain a household for at least nine months of the year. OB. A married person, if otherwise qualified, can claim head of household status if he or she is married to a nonresident alien or if he or she qualifies as an abandoned spouse. To be an abandoned spouse, the person must have lived apart from his or spouse for the last six months of the year and maintain a household for a qualifying child in which they both live. OC. A married person, cannot claim head of household status, this status is only for single taxpayer that maintain a household for a qualifying child in which they both live. O D. A married person, if otherwise qualified, can claim head of household status only if he or she qualifies as an abandoned spouse. To be…
Which of the following should be included in an individual taxpayer's federal gross income? Child support payments received in accordance with a pre-2019 divorce decree. No changes have been made to the agreement. Disaster relief payments. Jury duty pay. Welfare benefits.
Question 21 of 50. Allen and Charlotte married in 2021. They filed a joint return for the year, but the IRS offset their refund because Allen owes past-due child support for his two children from a previous marriage. Charlotte is not legally responsible for the children's support, and she would like to receive her portion of their tax refund. As the couple's tax preparer, what advice would you offer? O Allen should request a certificate of non-attachment. O Allen and Charlotte should submit a joint offer-in-compromise. O Charlotte should request relief as an injured spouse. O Charlotte should request relief as an innocent spouse. Mark for follow up
a taxpayer’s spouse died on march 31, 2020. he has no qualifying child. which status should the taxpayer elect when filing his 2020 tax return? a. qualifying widow(er). b. married filing jointly. c. single. d. married filing separately.
Which of the following is a condition a taxpayer must meet to claim injuries spouse? The spouse: A. Didn't claim a refundable tax credit on the joint return. B. Is required to pay the past-due amount. C. Must file married filing separately. D. Received and reported income on a joint return.
A taxpayer gets into rocky straits with their spouse and begins the process of filing for divorce, choosing to file separately for TY2021. Part of this process involved a discharge of the couple's mortgage debt. The total amount of debt discharged is $750,000. Assume both spouses are equal owners in the property. How much income is included on each of the taxpayers' returns? Select one: a. $750, 000 b. $375,000 c. $0 d. $750,000 for one taxpayer, $0 for the one who chooses not to take the income.
ASAP! A)If a married couple files separate returns, both must claim the standard deduction (rather than itemize their below-the-line deductions). B) Grace, age 16, is claimed as a dependent by her grandfather. During 2021, she had City of Baltimore bonds of $2,000 and earnings from cat-sitting of $400. Calculate her taxable income. You do not need to include the dollar sign, commas, or cents in your answer. C) In terms of income tax consequences, abandoned spouses who do not have children are treated the same way as married persons filing separate returns. T OR F?
In choosing between taking the standard deduction and itemizing deductions from AGI, what effect, if any, does each of the following have? The age of the taxpayer(s). The health (i.e., physical condition) of the taxpayer. Whether taxpayers rent or own their residence. Taxpayer’s filing status (e.g., single, married, filing jointly). Whether married taxpayers decide to file separate returns. The number of dependents the taxpayer can claim.