N13-P4 – Roberts Refund Monitor (With Penalties)
Filing Status: Head of Household
01-28-2014 TY2013 v1.1-1-WP
Click here for version without penalties
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Step |
TP Form/ |
TW Form |
Payer/Name |
Fed 37 |
Fed 74/76 |
NJ 38 |
NJ 56/66 |
4012 |
Comments |
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0 |
Note 20 |
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Q: Is this return in scope? |
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1 |
Intake etc |
Main Info |
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Note: NJ Change of Address will be handled later Note: NJ Gubernatorial Elections Fund will be handled later Note: NJ 1040, line 11 will be handled later |
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2 |
W-2 |
W2 |
Big Corp |
30,000 |
2,052 |
25,724 |
(351) |
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BP: Wait until NJ return complete before handling cafeteria plan stuff Hint: Sch A, line 5a should be 295 at this point |
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3 |
1099-INT |
Interest Stmt |
Big Bank |
30,189 |
2,037 |
25,912 |
(355) |
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4 |
1099-DIV |
Dividend Stmt |
Big Bank |
30,789 |
1,987 |
26,512 |
(365) |
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5 |
1099-B |
Cap Gn Wkt |
Big Bank |
31,156 |
1,987 |
26,879 |
(371) |
D-15 |
Hint: See Wash Sale footnote on brokerage statement Note: Wash Sales in scope for Tax-Aide, but not for VITA |
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6 |
1099-R |
1099R |
Big Bank |
31,156 |
1,987 |
26,879 |
(371) |
D-18 |
BP: Add NJ-1040, line 19b Scratch Pad now (see NJ Special Handling) |
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7 |
1099-R |
1099R |
Big Corp (code 3) |
34,156 |
1,687 |
26,879 |
(371) |
D-18 |
BP: Add NJ-1040, line 19a Scratch Pad now (see NJ Special Handling) BP: Update NJ-1040, line 19b Scratch Pad now (See NJ Special Handling) |
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8 |
1099-R |
1099R |
Big Corp (code 7) |
53,560 |
(891) |
46,283 |
(733) |
D-18 |
BP: Update NJ-1040, line 19b Scratch Pad now (See NJ Special Handling) |
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9 |
W2-G |
n/a |
NJ Lottery |
53,560 |
(891) |
46,283 |
(733) |
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Hint: Look at date on W2-G Hint: Cannot put gambling losses on Sch A because do not have any gambling winnings |
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10 |
Note 3 |
F/S Tax Pd |
NJ payment |
53,560 |
(891) |
46,283 |
(733) |
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Hint: Sch A, line 5a should be 350 at this point Q: Why no impact on NJ return? |
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11 |
Note 9 |
Sch C |
Self-Employment |
53,960 |
(951) |
46,683 |
(741) |
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BP: Add Scratch Pad to document source(s) of cash income |
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12 |
Note 11 |
1040 Wkt7 |
Jury duty pay |
53,970 |
(951) |
46,693 |
(741) |
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Note: 1040 Wkt7 may need to be added to tree Hint: Jury duty pay is line 14 on 1040 Wkt7 |
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13 |
Note 12 |
A Detail |
Medical |
53,970 |
(951) |
46,693 |
(741) |
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BP: Always include medical on A Detail even if obviously below federal threshold |
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14 |
Note 13 |
Sch A |
Mortgage |
53,970 |
(951) |
46,693 |
(741) |
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Note: Paula’s mortgage interest is not reported on Form 1098, but is paid to an individual, so it is entered on line 11 instead of line 10 and extra details provided which allows IRS to match against what seller provided at the top of their Sch B Note: Not itemizing, yet |
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15 |
Note 14 |
Sch A |
Property Tax |
53,970 |
(921) |
46,693 |
(741) |
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Hint: Enter full amount paid (See NJ Special handling) Note: Homestead Benefit will be handled later Note: NJ Wkt F and lines 37a and 37b will be handled later Note: Now itemizing |
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16 |
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Run Diagnostics |
53,970 |
(921) |
46,693 |
(741) |
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BP: Run Diagnostics before handling recoveries to double check that there are no issues that might affect AGI, which, in turn, might affect Sch A calculations. If get Error: “On Schedule EIC, the nth child listed does not appear to be a qualifying child…”, then either a) uncheck EIC box on Main Info or b) answer SCH EIC line 4a, then run Diagnostics again |
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17 |
Note 14 |
Scratch Pad |
Homestead Benefit |
53,970 |
(944) |
46,693 |
(741) |
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BP: Use Scratch Pad to document Homestead Benefit (See NJ Special Handling) Note: Still itemizing |
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18 |
Note 15 |
Scratch Pad |
PTR refund |
53,970 |
(951) |
46,693 |
(741) |
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BP: Can use same Scratch Pad for PTR as used above for Homestead Benefit (See NJ Special Handling) Note: No longer itemizing so next steps will move recoveries (Homestead Benefit and PTR) from Sch A to 1040, line 21 |
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19 |
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Sch A |
Remove |
53.970 |
(921) |
46,693 |
(741) |
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Delete Scratch Pad with Homestead Benefit and PTR from Sch A; next step will include Homestead Benefit and PTR on line 21 instead (See NJ Special Handling) |
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20 |
Note 3 |
St Tax Refund |
Add recoveries |
54,510 |
(1,017) |
46,693 |
(741) |
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Note: Cannot use Add Form to add St Tax Refund if not already in tree; need to Link from 1040 Pg1, line 10 or 1040 Wkt7, line 4 BP: Use Scratch Pad to document PTR amount on St Tax Refund Hint: Must put Homestead Benefit on 1040 Wkt7 instead of St Tax Refund because it is from two years ago Hint: Don’t forget to remove Property Tax recoveries from NJ Other Inc (be sure to use amount calculated on St Tax Refund if less than full PTR amount) |
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21 |
Note 3 |
1040 Pg 1 |
Remove Red |
54,510 |
(1,017) |
46,693 |
(741) |
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Correct answer to line 10 question is “No” |
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22 |
Intake etc |
1040 Pg 2 |
Remove Red |
54,510 |
(1,017) |
46,693 |
(741) |
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23 |
Note 3 |
Sch D Pg1 |
Remove Red |
54,510 |
(1,017) |
46,693 |
(741) |
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No ST or LT capital loss carryovers |
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24 |
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2210 |
If Red |
54,510 |
(1,004) |
46,693 |
(741) |
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Note: Filling in last year tax is sufficient to remove penalty Note: No penalty even though amount owed still > $1,000 BP: Wait to deal with any NJ penalty until NJ return is complete |
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25 |
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Run Diagnostics |
54,510 |
(1,004) |
46,693 |
(741) |
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Run Diagnostics after Federal finished and before starting NJ |
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NJ Return stuff already done while doing federal return |
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1099-R |
NJ 1040 Pg 2 |
Big Corp (code 3) |
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Line 19a adjustment (TW bug) Line 19a = 19,404 |
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1099-Rs |
NJ 1040 Pg 2 |
All |
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Line 19b (Excluded pensions…) adjustments Line 19b = 5,596 Line 19a + Line 19b = Sum of Box 1 from all 1099-Rs |
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Note 14 |
NJ Other Inc |
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Reversal of Property Tax recoveries (note: used St Tax Refund calculated amount for PTR) |
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NJ Return unique stuff |
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26 |
Note 17 |
NJ 1040 Pg1 |
Municipality code |
54,510 |
(1,004) |
46,693 |
(741) |
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Note: New Municipality lookup tool available from Preparer page |
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27 |
Note 3 |
NJ 1040 Pg1 |
Change of |
54,510 |
(1,004) |
46,693 |
(741) |
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Change of Address on NJ 1040 is new for TY2013 |
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28 |
Note 1 |
NJ 1040 Pg 2 |
Line 11 |
54,510 |
(1,004) |
44,693 |
(705) |
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Hint: Must be under 22 for line 11 |
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29 |
Note 18 |
NJ 1040 Pg 2 |
Line 13 |
54,510 |
(1,004) |
44,693 |
(705) |
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Hint: Would make changes on NJ Dep Wkt, if necessary |
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30 |
Note 2 |
NJ 1040 Pg 2 |
Gubernatorial |
54,510 |
(1,004) |
44,693 |
(705) |
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31 |
Note 19 |
NJ 1040 Pg 3 |
Line 45 |
54,510 |
(1,004) |
44,693 |
(705) |
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32 |
Note 15 |
NJ 1040 Pg 3 |
Wkt F, Line 1 |
54,510 |
(1,004) |
37,893 |
(582) |
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Hint: Must use base year amount |
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33 |
Note 14 |
NJ 1040 Pg 3 |
Line 37a |
54,510 |
(1,004) |
37,893 |
(582) |
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BP: Must then fix 37a (Use Scratch Pad to document) BP: Don’t forget 37b |
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34 |
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Run Diagnostics |
54,510 |
(1,004) |
37,893 |
(582) |
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Make sure there are no issues on NJ return before fixing NJ 1040, line 30 |
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35 |
Note 5 |
NJ 1040 Pg 2 |
W-2 Cafeteria stuff |
54,510 |
(1,004) |
37,697 |
(578) |
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Finally ready to handle W-2 Pre-Tax fed / After-Tax NJ Cafeteria stuff Hint: See NJ Special Handling |
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36 |
Note 15 |
NJ DD Wkt |
Remove Red |
54,510 |
(1,004) |
37,697 |
(578) |
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37 |
Note 15 |
NJ 2210 |
If Red |
54,510 |
(1,004) |
37,697 |
(560) |
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Note: Filling in last year NJ tax is not sufficient to remove penalty |
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38 |
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Run Diagnostics |
54,510 |
(1,004) |
37,697 |
(560) |
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39 |
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Create e-file |
54,510 |
(1,004) |
37,697 |
(560) |
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You may get additional errors when creating e-file – fix, Run Diagnostics, and Create e-file until no errors… |
Click on links in TW Form column (if available) to see screen shot of completed TWO form (you may need to click on the picture to enlarge it)