Prior Year Contribution Quiz
Prior Year Contribution Quiz
Test your knowledge on tax deadlines and contribution rules with our engaging quiz! Whether you're a beginner or looking to refresh your understanding, this quiz will provide you with valuable insights.
Key features of the quiz:
- 11 thoughtfully crafted questions
- Multiple choice format
- Instant feedback on your answers
When is the tax deadline for 2023?
April 18th, 2023
April 15th, 2023
April 14th, 2023
April 17th, 2023
What does EE stand for when making contributions?
Employee
Employer
Absentee
Carefree
What is the Postmark rule?
A contribution is on time if you add an LOI that is dated by the due date.
A contribution is considered on time if it is in good order and is deposited in the mail by the due date.
A contribution is considered on time if the check is dated by the due date.
A contribution is considered on time if you get a signature medallion stamp.
Joe Shmo receives a letter from us informing him his prior contribution is not in good order. When must Mr. Shmo resolve the issue by to still be able to make the prior year contribution?
Anytime since the contribution request was received.
Within 60 days.
Within one week of the tax deadline.
April 18th, 2023
Which states have until April 19th, 2023 to make prior year contributions?
Alaska, Hawaii
Colorado, Kansas
Massachusetts, Maine
North Dakota, South Dakota
Who has the burden of proof for determining eligibility for making a prior year contribution after the deadline?
I do
The firm
The shareholder
The IRS
What should be included when mailing in a check for a prior year (EE) contribution past the tax deadline if eligible?
LOI no signature guarantee
Official proof of eligibility
An Amazon gift card
LOI with signature guarantee
Up until what time can Shareholders use our website to make a prior year contribution?
Midnight (CST)
Midnight (EST)
Midnight (MST)
Midnight (PST)
If caller says they have filed for an extension on filing their 2022 taxes when is their deadline for making a prior year contribution?
Up until the end of their extension
April 18th, 2023
April 15th, 2024
December 31st, 2023
When is deadline for SEP IRA (ER) prior year contributions ?
April 18th, 2023
May 1st, 2023
The due date (including extensions) of the employer's tax return for the year (2022)
April 1st, 2023
What are the two exceptions for making a prior year contribution?
People over the age 73, Disaster Relief Victims
Combat Zone Services, Disaster Relief Victims
Combat Zone Services, People over the age of 73
Trick question. There are more than two exceptions
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