question archive 5)A taxpayer is required by law to provide the payer's name, address, and tax identification number when reporting which type of interest on their return? A
5)A taxpayer is required by law to provide the payer's name, address, and tax identification number when reporting which type of interest on their return? A
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5)A taxpayer is required by law to provide the payer's name, address,
and tax identification number when reporting which type of interest on their return?
A. Certificate of deposit interest.
B. Frozen deposit.
C. Installment sales.
D. Nominee interest.
6.An exempt organization can be organized as which of the following business entities?
A. A joint venture.
B. A partnership.
C. A sole proprietorship.
D. A trust.
7.What is the amount of the specific deduction an exempt organization is generally permitted on Form 990-T?
A. $100
B. $1,000
C. 2% of gross receipts
D. 5% of gross receipts
8)All 501(c)(3) charities filing Form 990 must include which of the following schedules?
A. Schedule A
B. Schedule B
C. Schedule F
D. Schedule G
