Tax Trivia

Create an image of a tax advisor reviewing documents with a calculator, surrounded by tax forms and regulations, bright and engaging style

Tax Trivia Challenge

Test your knowledge of tax regulations and procedures with our engaging Tax Trivia Challenge. This quiz is designed to evaluate your understanding of essential tax concepts and practices.

Whether you're a professional in the field or just someone looking to learn more about taxes, this quiz covers:

Handling civil levies
Understanding FTIN and W8 forms
Processing W9 requests
Updating citizenship status

5 Questions1 MinutesCreated by FilingWizard372

Who handles inquiries/removal of Civil Levies on accounts?

Back Office - Gov Reporting

Tax Phone Team - We can remove with a W9

Account Recovery & Resolution Team

Tax Phone Team - We can remove with an LOI or verbal confirm

An account which currently has an FTIN on file submitted a new W8 with Taiwan in line 2, 3, and 4 but line 6 is blank. You should do which of the following?

Reject for missing FTIN or Reasonable Explanation with previous FTIN on file

Accept and Update the FTIN field to NOT LEGALLY REQUIRED

Accept and remove previous FTIN

Reject for FTIN or Reasonable Explanation Required

When processing a W9, are we able to take an ITIN card in place of the SS Card?

Yes

No, we must have the SS Card

No, we must have both cards

I like turtles

How can a client update their citizenship status to a U.S. citizen?

Send a message through the SMC requesting the update

Send a signed LOI requesting the update

Send a copy of a US passport or Naturalization certificate

Send in a copy of their SS Card

Tax Trivia

Tax Trivia Challenge

More Quizzes