2) To which of the following federal tax return filers does the e-file requirement...

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Accounting

2)

To which of the following federal tax return filers does the e-file requirement NOT apply?

A) Audrey, an enrolled agent, preparing a tax return for a client.
B) Bob, who is filing a tax return as a fiduciary.
C) Shirley, a CPA, who is filing a client's tax return.
D) Tom, a registered tax return preparer, filing a federal tax return for a client.
3)

An activity engaged in by a taxpayer is presumed to be carried on for a profit and is, therefore, a business rather than a hobby if it makes a profit during at least ______ of the last five tax years, including the current year.

A) one.
B) two.
C) three.
D) four.

What is the maximum additional health savings account (HSA) contribution that may be made by a 60 year-old participant because of age?

A) $0.
B) $500.
C) $1,000.
D) $2,500.

Peter has three daughters who are eligible students. What is the maximum amount of tax credit available to him under the American opportunity credit, assuming he meets all requirements?

A) $2,000.
B) $2,500.
C) $7,500.
D) $12,000.

As a result of the Inflation Reduction Act, the Residential Clean Energy Credit has been extended for qualified energy efficient improvements through what future date?

A) 2024
B) 2027.
C) 2030.
D) 2034

Harry became age 72 in 2022. Which of the following choices is correct concerning his need to take required minimum distributions from his traditional individual retirement account?

A) No RMD is required.
B) RMDs must begin by April 1, 2022.
C) RMDs must begin by April 1, 2023.
D) RMDs are delayed for Harry until December 31, 2023.

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