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