We set up some amazing gifts for you in this issue of our Newsletter #30 to say thanks for being a reader of this publication and member of 1040 Exam Prep community.
Being familiar with the Earning Income Credit table is a must for your RTRP exam. Here you have the chance to test your knowledge:
Publication 17 Examples and Cases Classified by Topics: The beauty of Publication 17 is that for each tax concept presented, it gives you examples in case-types and their solutions. We compiled most of those examples and cases and organized them by topic to bring to you as a gift. You will love it!Get Your Free Copy!
IRS Publications Charts and Tables. Most amazing charts, tables, and diagrams from several IRS publications compiled and organized by topics in a printable PDF file.Get Your Free Copy
Top 5 articles about topics included in the IRS Return Preparer Test Specification Domains: Gross Income, Deductions, and more. Get it here
IRS Return Preparer Test Specification Domain articles series: top articles on Ethics, Circular 230, and more. Download it here. Download it here
Hot topics included in the IRS Return Preparer Test Specification Domain articles series: Tax Preparer Penalties, Record-keeping, and more. Get it here.
Practice Section
PRACTICE SECTION
MULTIPLE CHOICE QUESTIONS
All multiple choice questions from previous issues of this Newsletter are compiled in a PDF file that you can download and print to review them.
An individual who is not a U.S. citizen or U.S. national.
U.S. National
An individual who owes his sole allegiance to the United States, including all U.S. citizens, and including some individuals who are not U.S. citizens. For tax purposes the term "U.S. national" refers to individuals who were born in American Samoa or the Commonwealth of the Northern Mariana Islands.
U.S. Citizen
An individual born in the United States.
An individual whose parent is a U.S. citizen.*
A former alien who has been naturalized as a U.S. citizen
An individual born in Puerto Rico.
An individual born in Guam.
An individual born in the U.S. Virgin Islands.
*The Child Citizenship Act, which applies to both adopted and biological children of U.S. citizens, amends Section 320 of the Immigration and Nationality Act (INA) to provide for the automatic acquisition of U.S. citizenship when certain conditions have been met. Specifically, these conditions are:
One parent is a U.S. citizen by birth or through naturalization;
The child is under the age of 18;
The child is residing in the United States as a lawful permanent resident alien and is in the legal and physical custody of the U.S. citizen parent; and
If the child is adopted, the adoption must be final.
