VOLUNTEER BASIC TRAINING SUMMARY CHART

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1 Line Description Taxpayer s Forms Directions Tab in 4012 Instructions and Special Notes 1-5 Filing Status Social Security Cards (or SSA-1099, ITIN) Choose filing status in interview B-1 through B-3 Ø Try to avoid using MFS (and if one spouse itemizes, the other has to as well) Ø If spouse died in 2015 à MFJ Ø If spouse died in 2014/2013 à QW 6 Dependents List and Total Number of Exemptions 7 Wages, Salaries Social Security Cards; Possibly Form 8332 Type in taxpayer, spouse and dependent information in interview; Start with QC Chart on C-5 W-2 Link: Line 7 àw2 Ø If spouse died in 2012 or earlier à S or HoH C-1 through C-9 Ø If parents are divorced or live apart (Step 7), see Site Coordinator D-6, D-7 Ø Check taxpayer or spouse at top Ø Make sure to type in all information exactly as you see it on the W-2 Ø If the address is different than the one on the main info page, check the box at the top to make changes (MUST MATCH W-2 EXACTLY) Ø Enter W-2 verification code (if form contains one) Ø Calculations on lines 3, 4, 5, 6 and 16 automatically fill in, so click the box at the top of the W-2 if you need to enter in different numbers than appear. Ø If Box 12, 13 (retirement plan) or 14 is filled in, check to see if qualify for Retirement Savings Contribution Credit Scholarships Household Employee Link: Line 7 à W2 OR Link: Line 7 à 1040 Wkt 1 Link: Line 7 à 1040 Wkt 1 Ø Taxable amounts of scholarships and fellowships include payment for services and money used for personal living expenses (room and board) Ø If taxpayer received a W2 for the scholarship or fellowship, include the amount on line 7 (just like any other W-2). Ø If taxpayer did not receive a W2, input the amount on the line Scholarship Income no W2. The amount should transfer to line 7 and the box SSHIP should be checked. Ø If household employee earns less than $1,900 a

2 Income year, employer is not required to issue W-2 but the amount must be entered on line 7. 8 Interest 1099-INT or 1099-OID Link: Line 8a à Sch B à lb à Interest Stmt 9 Dividends 1099-DIV Link: Line 9a à Sch B à 5a à Dividend Stmt Box Under Line State Tax Refund 19 Unemployment Compensation 20a Social Security Benefits 21 Other Income (Gambling) 1099-G, 2014 Federal and State Tax Return Answer question: - No: check no - Yes: See Site Coordinator / Advanced Volunteer D-8, D-9 D-10, D-11 Ø Fill in the payer and Box 1 or 3 amount Ø Fill in any other information such as early penalty or federal withholding Ø Make sure if you put in early penalty that it carried over to Line 30 of the 1040 Ø If the interest is tax exempt, enter the following: o NAEOB: Enter E o NAEOB Amount: Enter amount from Box 8 of 1099-INT Ø Fill in payer and any information such as ordinary dividends, qualified dividends, capital gain or federal withheld Ø Make sure if you put in a capital gain that it carried over to Line 13 of the G Link: Line 19 à 1099 G Wkt Ø Fill in all information on 1099-G SSA-1099 Link: Line 20a à 1040 Wkt1 D-26 Ø If taxpayer has other forms of income, link to the 1040 Wkt1. Ø If no other source of income, consult Chart on A- 1 (might not need to file). Ø Fill in the form as follows for SSA-1099: o SS received this year: Enter Box 5 o Medicare Parts B, C and D: Add Parts B, C, D o Federal tax withheld: Enter Box 6 W2-G à W2-G Ø Fill in all information on W2-G Ø Amount will carry over to the 1040 Wkt7 and line 21 on the 1040 Ø Make sure to enter any gambling losses Other Income (Prizes & Awards) 1099-MISC, box 3 à 1099-MISC Ø Enter amount from Box 3 to line 2 of the MISC (See Site Coordinator or Advanced Volunteer if amount amount is in box 7)

3 Other Income (Jury Duty Pay) Jury duty statement Ø Enter amount to line 14 Ø If jury duty pay is given to employer, record on line 35 of Penalty on Early 1099-INT or TW Calculates (if entered on E-5 Withdraw of Savings OID Interest Statement) 37/38 Adjusted Gross Income TW Calculates 40 Standard Deduction or Itemized TW Calculates Standard Deduction F-1, F-2 Ø See Site Coordinator or Advanced Volunteer if taxpayer wants to itemize deductions Deductions 42 Exemptions TW Calculates Ø $4,000 for taxpayer, spouse and each dependent exemption 49 Credit for Child and Dependent Care Expenses No forms, but need EIN or SSN of child care center/person Link: Line 49 à 2441 G-3 through G-5 Ø Make sure to check the box in the interview Ø Fill in Part I: 1a 1d Ø Fill in Part II: 2a 2c (and split the total amount if expenses were for more than one child) Ø Qualifying children must be under 13 or incapable of care Ø Expenses must be for when taxpayer was working or looking for work Ø If Box 10 of W2 was filled in, form 2441 must be filled out 51 Retirement Savings Contribution Credit Box 12, Retirement Plan Box checked in Box 13, Box 14 or Taxpayer tells you he/she has contributed to a plan Link: Line 51 à 8880 G-6, G-7 Ø Check qualifications if Box 12 has a code D or E OR if Box 13 has retirement plan checked Ø If Box 14 of W-2 has a code or if taxpayer has contributed to a plan, see site coordinator manual. Ø On the 8880 form: Ø Check correct full-time student box Ø On Line 4, enter the amount of early distributions OR enter F3 if none were made 52 Child Tax Credit TW Calculates G-8, G-9 Ø Credit for each qualifying child under Credit for the Elderly or Disabled Link: Line 54 à Sch R (Box C will be checked on the 1040, line 54) G-10 Ø Make sure to include SS benefits, regardless of the taxability Ø If taxpayer is permanently and totally disabled, check the box in Part II. Ø Otherwise, complete Part III by entering the amount of pensions, annuity or disability that are excluded from income

4 61 Health Care: Individual Responsibility ACA Supplement Form ACA Pg. 1 & ACA Pg. 2 (Loaded Forms Menu) 64 Federal Income Tax Check all income TW Calculates (CHECK THIS) Withheld documents 66a Earned Income Credit Fill out red lines on Sch EIC and Sch EIC Wkt and check if each dependent is a qualifying child for the EIC 67 Additional Child Tax Credit TW Calculates ACA tab, ACA Supplement Form Ø If taxpayer, spouse, and dependents had full year health coverage, check Had minimum essential coverage and / or is applying for or was granted an exemption for the entire year next to each member of household I-1 through I-8 Ø This is a very IMPORTANT CREDIT! Ø Make sure to check box in interview if the EIC was disallowed. Ø Recipients can no longer receive Advance EIC payments. Ø Refundable portion of the Child Tax Credit Ø Must have at least $3,000 of earned income 76 Amount to Be Refunded 78 Amount You Owe Add Form 8888 of taxpayer wants to invest in savings bonds Ø Add Form 8888 in the Loaded Forms Menu Ø Fill out Part II with the recipient(s) name and amount first. Ø Then fill out either Part I or Part III Ø Subtract amount of bonds purchased from total refund to get the allocation (Line 8 must equal Federal Refund) Ø If savings bonds, only fill in bank info on 8888 Ø If no savings bonds, fill in bank info on main info page and on Line 76

5 Payment Options Ø Payment options: 1) Electronic funds withdrawal 2) EFTPS: free system that allows tax payments by phone or online ( or ) 3) Credit card: make tax payments on American Express, Discover, MasterCard or VISA (convenience fee charged by service provider) 4) Check or money order: make check payable to "United States Treasury and submit along with 1040-V (Payment Voucher) 5) Full pay within 60 or 120 agreement: get up to 120 days to make full payment; no user fee charged 6) Form 9465, Installment Agreement Request: make payments on a monthly schedule; user fee charged ($105 or $52 if direct debit from bank account) 7) Online Payment Agreement (OPA): taxpayer can request a pre-assessment installment agreement on current liabilities ( search OPA) Ø Advise taxpayers to pay as much as possible by filing deadline to reduce interest and penalties. Ø If taxpayers have a small amount of withholding, advise them to increase withholdings with employer using a Form W-4. Ø If taxpayers owe at least $1,000, taxpayers must make estimated tax payments. ETS is reported on a Form 2210, but is OUT OF SCOPE! Make sure Line 9 of Form 2210 is $0. Inform taxpayers that they will receive a notice from the IRS that figures the penalty. Section on SC FORM 1040 Page Directions Special Notes Full year or Part-year South Main Info Page Ø Make sure you filled in SC on the Main Info Page on Ø Remember, we can only file SC state returns. Carolina Resident on Loaded the Loaded Forms Menu and chose either part-year or Forms Menu full year resident. County Code SC 1040 Pg 1 Ø Enter the county code for Spartanburg (42) or Greenville (23). Ø Other counties can be determined by clicking in the box and choosing from the drop down list E-File SC 1040 Pg 2 Ø Click YES to E-file the return. Direct Deposit or Refund or SC 1040 Pg 3 Ø Choose the correct option for how the taxpayer wants Electronic Funds Withdrawal to receive a refund or pay a balance. Ø Only enter the account information if the taxpayer wants the state refund deposited to a different account OR requests a direct debit. Ø Note: If the taxpayer invested in savings bonds, then you will need to enter the account information again.