Kevin, a $19-$year$-$old, full$-$time college student, earned $$3,000$ in wages. His maximum IRA contribution for $2023$ is $\_\_\_\_\_\_.$

$$750$

$$3,697$

$$3,000$

$$3,750$The following taxpayers are covered by an employer$-$sponsored retirement plan. Which one may FULLY DEDUCT their traditional IRA contribution?

Kelli files single. Her modified AGI is $$73,000.$

Mark files head of household. His modified AGI is $$73,001.$

Samantha is married, and lived with her spouse for the first two months of the year. She chooses to file a separate return. Her modified AGI is $$10,975.$

Donald is married and files a joint return. Both he and his spouse are covered by an employer$-$sponsored plan. The couple's modified AGI is $$116,001.$

Abigayle paid $$2,750$ interest on a qualified student loan during $2023.$ She is filing a joint return with her husband, Jon, and their MAGI is $$159,500.$ The maximum amount of student loan interest that Abigayle and Jon can deduct on their return is $\_\_\_\_\_\_\_\_\_\_.$

$$833$

$$2,125$

$$2,500$

$$2,750$MJordan is an eligible educator. He spent a total of $$300$ on classroom supplies. He also reported non$-$taxable U$.$S$.$ Treasury Series I Savings Bonds on Form $8815$ in the amount of $$250.$ What is the maximum amount of qualified expenses he may deduct as an adjustment to income?

$$100$

$$300$

$$250$

$$50$elvin, a self$-$employed dentist, paid $$4,476$ for his health insurance premiums throughout the year, and his net profit was $$143,216.$ He became eligible under his spouse's plan on August $1.$ The amount that Melvin may report as a self$-$employment health insurance deduction on his tax return is $\_\_\_\_\_\_\_\_\_\_.$

$$0$

$$2,611$

$$2,984$

$$4,476$Choose the response that correctly describes the best course of action to take when an automated substitute for return $($SFR$)$ is filed for a client.

File an amended return for the client.

File an original Form $1040$ for the client.

Inform the client that they must accept the SFR as filed.

Notify the IRS in writing of any changes that need to be made.Prior to receiving a $30-$day letter, a taxpayer who disagrees with an auditor during a face$-$to$-$face audit may take which of the following steps to appeal adjustments?

File a claim for a refund.

File a petition with the U$.$S$.$ Tax Court.

File a protest with the U$.$S$.$ Office of Appeals.

Request a conference with the auditor$$s manager.

Field audits are the most comprehensive type of IRS examination, and these audits are conducted by highly trained IRS employees, typically with many years of experience. Which of the following will provide the insight and information most likely to help you when preparing to represent a client in a field audit interview?

Audit Techniques Guides $($ATGs$).$

Circular $230.$

The Examining Process section of the Internal Revenue Manual $($Part $4).$

IRS private letter rulings.Which of the following is a tool used by the IRS to assess additional tax to a return that has already been filed?

Math error notice.

Notice of federal tax lien.

Notice of intent to levy.

Substitute for return.Choose the response that correctly describes what will happen next if a taxpayer whose return was selected for audit chooses not to petition the U$.$S$.$ Tax Court or misses the $90-$day deadline on a statutory notice of deficiency.

The accounts is sent to collection.

A levy is ussed.

Taxes are assessed, and the taxpayer will receive a bill.

A reminder notice is sent.When assisting a client with a mail audit, you should consider requesting non$-$assertion for which of the following penalties?

Accuracy$-$related penalty.

Failure$-$to$-$file penalty.

Failure$-$to$-$pay penalty.

Fraud penalty.When a taxpayer receives a $90-$day letter, they will be allowed to:

Appeal the assessment with the IRS Office of Appeals.

Appeal to the U$.$S$.$ Tax Court.

Petition the U$.$S$.$ Tax Court after a $90-$day wait period.

Extend the $90-$day deadline.