least once in the last 4 ITNs that have not been used on a f

least once in the last 4 ITNs that have not been used on a federal tax return at a. One b. Two . Three d. Four The American opportunity tax credit (AOTC) is: a Available for an unlimited number of years for postsecondary and graduate 5. education costs. for only four years for students enrolled in a degree, certificate or other credential program G Payable up to a maximum of $5,000 per year d. Available only for costs of the oldest dependent attending college in a single tax year 6. A taxpayer can claim a coverage exemption for him/herselfor another member of the tax household for any month in which: The individual is eligible for coverage under an employer plan and that cover- age is considered unaffordable, or : The individual isn\'t eligible for coverage under an employer plan and the cover- age available for that individual through the Marketplace is considered unafford- able. Coverage is considered unaffordable if the individual\'s required contribution is more than a. 8% b. 8.12% c. 8.16% d. 8.20% of household income. 7. A taxpayer who is age 65 or older and itemizes their deductions are subject to a AGI threshold for medical and dental expenses. a, 0% b.2% C. 7.5% d, 10% 104 Federal Tax Law Update Test for Circular 230 Professionals

Solution

4.C.Three

ITINs that are not used for federal tax return for once im a three year will expire.The ITINs holder need to renew their ITINs

5.B. available for only 4 years for students enrolled in a degree,certificate or other credential programe

6.B. 8.12%

7.B. 2%