PRO-P4 – Sterling Refund Monitor

Filing Status: Married filing jointly

12-14-2012 TY2011 v1.0-1a

Step	TP Form/ Note(s)	TW Form	Payer/Name	Fed 37 AGI	Fed 74/76 Refund	NJ 37 Taxable	NJ 55/65 Refund	4012 page	Notes
1	Intake etc. Note 2 Note 3	Main Info Prep Use						B-1 C-4 1-7	Hint: Use 4012 to find Filing Status
2	1099-INT	Interest Stmt	Chapman Federal S & L	125	0			2-5
3	1099-INT	Interest Stmt	New City Bank	1,990	0			2-5
4	1099-DIV	DividendStmt 1116 Pg 1	Bridgeport Fund	2,222	0			2-6 5-2	Hint: Add Form 1116 if not already in tree
5	1099-R Note 1	1099R	Averell Pension Fund	20,620	1,715			2-17	Hint: Use Simplified Method to calculate taxable portion
6	1099-R	1099R	Scripps Investment Partners	32,413	2,184			2-17
7	SSA-1099	1040 Wkt1 Scratch Pad	Social Security – SP	43,246	1,046			2-19 2-20	BP: Put in whole amount now (Deal with Lump Sum issue later) BP: Use Scratch Pad for Medicare
8	SSA-1099	1040 Wkt1 Scratch Pad	Social Security – TP	50,034	576			2-19	BP: Use Scratch Pad for Medicare
9	Note 4	Cap Gn Wkt	Chapman stock sale	71,844	(924)			2-14	Hint: See 4012 Addendum for update on Capital Gains handling
10	Note 11	F/S Tax Pd	Prior Year NJ tax payment	71,844	(924)				Hint: See NJ Special Handling
11	Note 6	1040 Pg 1	Still red – resolve	71,844	(924)
12		1040 Pg 2	Still red – resolve	71,844	(924)
13	Note 12	Sch B	Still red – resolve	71,844	(924)
14	Note 2	Diagnostics Sch EIC		71,844	(924)				Hint: Fill in Sch EIC if you checked EIC box on Main Info for Samantha No errors
15	Note 9	1040 Wkt1 Lump Sum Wkt Lump Sum Wkt Lump Sum Wkt	Lump Sum Election	67,984	(347)			2-20	Hint: Would not need to deal with Lump Sum Election if SS not taxable Hint: See Special Topic document on TY2011 Preparer page
16	Note 10	NJ 1040 Pg1		67,984	(347)	14,796	(207)
17	Note 5 Note 13	NJ 1040 Pg 3		67,984	(347)	14,796	(229)		Hint: See NJ Special Handling: NJ-1040 Line 44 (Use Tax) Table
18	Note 10	NJ 1040 Pg 4		67,984	(347)	14,796	(179)
19	Note 14	NJ DD Wkt	Still red – resolve	67,984	(347)	14,796	(179)		Hint: Does not come up red because cannot e-file NJ return after 10-2012 Hint: Still fill in TP choice
20		Diagnostics		67,984	(347)	14,796	(179)		No errors
21		Create e-file		67,984	(347)	14,796	(179)		Hint: Not available after 10-2012
22				67,984	(347)	14,796	(179)		Ask your mentor for Quality Review

Values with pink background – changed from previous

Click on links in TW Form column to see screen shot of completed TWO form (you may need to click on the picture to enlarge it)

Printed return – click here

Scenario Writeup – click here

Printable version of this page – click here