FAM-05 McCook Refund Monitor

Filing Status: Married Filing Jointly

10-13-2012 TY2011 v2.0-1

 

Process

Step

TP Form/
Note(s)

TW Form

Payee/Name

AGI

Refund

NJ
37

NJ
55/65

Notes

Main Info &
Prep Use

1

Intake etc.
Note 1

Main Info
Prep Use

 

 

 

 

 

Hint: Do not enter spouse last name if same as primary TP

Hint: Presidential Election Campaign boxes are right before Filing Status and Exemptions

Documents

2

SSA-1099

1040 Wkt1

Social Security (TP)

 

1,277

 

 

Hint 1040 Wkt1 is close to top of tree

Hint: Round amounts ending in --.50 up

 

3

SSA-1099

1040-Wkt1

Social Security (SP)

 

2,297

 

 

 

 

4

1099-DIV

Dividend Stmt

Oppenheimer Fund

600

2,347

 

 

Hint: Dividend Stmt worksheet is under Sch B in tree

 

5

1099-R

1099R

Ameritech Pension Trust

13,823

3,670

 

 

Hint: 1099R worksheet is about half-way down the tree

 

6

1099-R

1099R

Phoenix Investment Partners

28,851

4,197

 

 

Hint: To get second 1099R worksheet, hover mouse over existing 1099R in tree and click on “+”

Remove Red
(Fed only)

7

Note 2

1040 Pg1

 

28,851

4,197

 

 

 

Run Diagnostics

8

 

Diagnostics

 

28,851

4,197

 

 

Errors: None

NJ 1040

9

Note 5

NJ 1040 Pg1

 

28,851

4,197

0

0

 

 

10

Note 3
Note 4
Note 6

NJ 1040 Pg3

 

28,851

4,197

0

0

Hint: Use ctrl-Space OR F3 to remove red from box on line 44

 

11

Note 4

NJ 1040 Pg4

Rent

28,851

4,197

0

50

Hint: Rent goes on Worksheet F

Remove Red

12

Intake
Check

Main Info
1040 Pg2
NJ DD Wkt

 

28,851

4,197

0

50

Hint: Input federal DD info first, then can just click “Check here if you had a federal refund…” on NJ DD Wkt

Hint: Must type RTN and Acct #s on both Main Info and 1040 Pg2

 

13

Note 7

NJ IRA Wkt

Ameritch Pension Fund

28,851

4,197

0

50

Hint: Enter “1” in red box for “Enter the copy number of the IRA…”

Hint: Use ctrl-Space or F3 to remove red from Part I line 1 line 4a and from Part II line 2

Run Diagnostics

14

 

Diagnostics

 

28,851

4,197

0

50

Errors: None

Create E-File

15

 

Diagnostics

 

28,851

4,197

0

50

A second diagnostic is run when creating an efile.

Errors: None

Quality Review

16

 

 

 

28,851

4,197

0

50

Ask your coach to do QR

Values with pink background – changed from previous row in Refund Monitor

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