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Certified Tax Resolution Specialist (CTRS)

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About this Exam

Prepare with the Certified Tax Resolution Specialist (CTRS) practice quiz. This question bank includes 150 questions covering taxpayer, resolution, installment, agreement, and collection. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
What is a Streamlined Installment Agreement and what are the eligibility criteria for individuals?
An installment agreement for individuals who owe $50,000 or less and can pay within 72 months, requiring no financial statement
An installment agreement for businesses owing $25,000 or less payable in 24 months
An expedited agreement available only to first-time delinquent taxpayers
An agreement requiring full payment within 12 months for any balance
Question 2
What is a Guaranteed Installment Agreement and who qualifies?
Individuals who owe $10,000 or less in income taxes and can pay within 3 years are guaranteed an installment agreement by statute
Any taxpayer who has never been delinquent before is guaranteed an installment agreement
Businesses with less than $50,000 in payroll tax liabilities are guaranteed an installment agreement
Any taxpayer who agrees to direct debit is guaranteed an installment agreement
Question 3
What is a Partial Pay Installment Agreement (PPIA) and how does it differ from a standard installment agreement?
A PPIA allows monthly payments below full liability, with the remaining balance potentially expiring uncollected when the CSED runs out
A PPIA reduces the outstanding liability by 50% before setting up payment terms
A PPIA requires the taxpayer to pay only the principal without any interest or penalties
A PPIA is identical to a standard IA but is only available for payroll tax liabilities
Question 4
What IRS form is used to request an installment agreement?
Form 9465
Form 433-A
Form 12153
Form 8822
Question 5
Does entering into an installment agreement stop the accrual of penalties and interest on the outstanding tax balance?
No, penalties and interest continue to accrue until the balance is paid in full
Yes, both penalties and interest stop accruing once an IA is approved
Yes, but only the failure-to-pay penalty stops; interest continues
Only the failure-to-file penalty stops; failure-to-pay and interest continue

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Additional Information

Certified Tax Resolution Specialist (CTRS)

This practice set contains 150 questions from the matching question bank and focuses on taxpayer, resolution, installment, agreement, and collection. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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Frequently Asked Questions

This quiz contains a total of 150 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.

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