PRO-P4 – Sterling Refund Monitor

Filing Status: Married filing jointly

12-16-2013 TY2012 v1.0-3

Step	TP Form/ Note(s)	TW Form	Payer/Name	Fed 37 AGI	Fed 74/76 Refund	NJ 38 Taxable	NJ 56/66 Refund	4012 page 2012	Notes
0	Intake etc. Notes		Fill in page 4, Section B					P 13	To Do: Fill in on paper copy for discussion with Mentor
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	630	0	0	0	2-5	Hint: NJ-1040 Line 15a should be 125 Hint: NJ-1040 Line 15b should be 505
3	1099-INT Text	Interest Stmt	New City Bank	2,495	0	0	0	2-5	Hint: NJ-1040 Line 15a should be 2,192 Hint: NJ-1040 Line 15b should be 505
4	1099-DIV	DividendStmt 1116 Pg 1	Bridgeport Fund	2,727	0	0	0	2-6 5-2	Hint: Add Form 1116 if not already in tree
5	1099-R Note 1	1099R	Averell Pension Fund	21,125	1,715	0	0	2-17	Hint: Use Simplified Method to calculate taxable portion
6	1099-R	1099R	Scripps Investment Partners	32,918	2,194	7,115	0	2-17
7	SSA-1099	1040 Wkt1 Scratch Pad	Social Security – SP	35,683	1,914	5,172	0	2-19	BP: Use Scratch Pad for Medicare
8	SSA-1099	1040 Wkt1 Scratch Pad	Social Security – TP	40,207	2,014	2,977	0	2-19	BP: Use Scratch Pad for Medicare
9	Note 4	Cap Gn Wkt	Chapman stock sale	62,016	656	15,002	(210)	2-11	Hint: See 4012 Addendum for update on Capital Gains handling
10	Note 5	Sch D Pg 1	Capital Loss carryover	35,073	2,519	15,002	(210)
11	K-1 Note 6	Interest Stmt Dividend Stmt Sch D Pg 1 Sch E Pg 1 Scratch Pad	Frackem & Howe	37,846	2,244	17,053	(239)		Hint: See NJ Special Handling Hint: Add Sch E Pg 1 if not already in tree
12	Note 7	F/S Tax Pd Scratch Pad	Prior Year NJ tax payments	37,846	2,244	17,053	(239)		Hint: See NJ Special Handling BP: Use Scratch Pad for multiple payments Hint: Sch A Line 5a should be 245
13	Note 8	F/S Tax Pd	NJ Estimated payments	37,846	2,244	17,053	(29)		Hint: See NJ Special Handling Hint: Sch A Line 5a should be 495
14	Note 9	NJ ES Wkt	TY2013 Estimated payments	37,846	2,244	17,053	(29)		Hint: Probably need to add NJ ES Wkt to tree
15	Note 7	1040 Pg 1	Still red – resolve	37,846	2,244	17,053	(29)
16	Note 12	Sch B	Still red – resolve	37,846	2,244	17,053	(29)
17	Note 2	Diagnostics Sch EIC		37,846	2,244	17,053	(29)		Hint: Fill in Sch EIC if you checked EIC box on Main Info for Samantha
18		Diagnostics		37,846	2,244	17,053	(29)		No errors – ready to add direct deposit info for federal refund
19	Note 14	Main Info 1040 Pg 2	Direct deposit of refund	37,846	2,244	17,053	(29)
20		Diagnostics		37,846	2,244	17,053	(29)		No errors – ready to do NJ return
21	Note 11	NJ 1040 Pg1	Municipality Code	37,846	2,244	17,053	(29)		Hint: See NJ Special Handling
22	Note 10	NJ 1040 Pg 2	Gubernatorial Election	37,846	2,244	17,053	(29)
23	Note 13	NJ 1040 Pg 3	Line 45 – Use Tax	37,846	2,244	17,053	(73)		Hint: NJ Use tax chart is in NJ-1040 Instructions, page 36
24	Note 11	NJ 1040 Pg 3 Scratch Pad	Worksheet F – Line 1	37,846	2,244	17,053	(23)		BP: Use Scratch Pad to show total rent calculation
25	Note 14	NJ DD Wkt	Still red – resolve	37,846	2,244	17,053	(23)		Hint: Only acceptable date for withdrawal is today’s date
26		Diagnostics		37,846	2,244	17,053	(23)		No errors – ready to create e-file
27		Create e-file		37,846	2,244	17,053	(23)
28				37,846	2,244	17,053	(23)		Ask your mentor for Quality Review

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