Hnr Block

Which one of the following statements is true about alimony?

Couples may live together while one pays the other alimony and it is still considered alimony.

Alimony payments can be continued to be paid beyond the death of the recipient and still be deductible.

Child support is equivalent to alimony payments.

Alimony must be paid in cash. Checks and money orders qualify as cash.

Which one of the following types of income IS included in federal gross income?

Federal income tax refund

Checking account interest

Personal injury compensation

Qualified disaster relief payments

John is a married taxpayer who has lived apart from his wife Mary for more than three years. John has no qualifying children or qualifying relatives. He no longer knows the whereabouts of his spouse. John must file:

Married filing jointly.

Qualified widow(er).

Single.

Married filing separately

All of the following non-dependent taxpayers are U.S. citizens. Who is required to file a 2012 income tax return?

April (age 50), QW, $16,500 AGI

Frank (age 32), HH, $10,500 AGI

Charity (age 29), S, $7,500 AGI

Sam (age 62), MFS, $500 AGI, and spouse does not itemize

What first triggers the calculation of the Additional Child Tax Credit?

Due to tax liability limits, the taxpayer did not receive the maximum Child Tax Credit for which they were eligible.

More than two children lived with the taxpayer.

The taxpayer's modified AGI was more than 15% over the threshold.

The taxpayer's modified AGI exceeds $11,300 in 2012.

All of the following are a requirement to claim EIC, EXCEPT:

The taxpayer must have earned income.

The taxpayer must be a U.S. citizen.

The taxpayer must have a valid SSN for employment in the U.S.

The taxpayer must file a tax return, even if not required.

The maximum Child Tax Credit is $1,000 per qualifying child. What two situations may limit taxpayers from receiving the full amount?

Tax liability and earned income above the phase-out thresholds and three...