TaxSlayer Changes Tax Year As of Nov 2017 Subject to change

Transcription

1 TaxSlayer Changes Tax Year 2017 As of Nov 2017 Subject to change

2 TaxSlayer Changes for TY2017 Computation Changes Navigation Changes Appearance Changes Capacity and Customer Service Changes 2

3 Computation Changes Added Section IX Form 5329 Failure to take RMD Waiver of Penalty 2016 and 2017 Reinstated Refund/Balance Due Monitor 2016 and 2017 Fixed Medicaid Waiver Payment 2016 and

4 Form 5329 Waiver 4

5 Form 5329 Waiver 5

6 Computation Changes Fixed Dependent Day Care benefits treated as wages 2016 and 2017 Using form finder to enter Alimony received saves entries 2016 and 2017 Printed Form 8843 has information in correct lines 2016 and

7 Computation Changes W-2 box 12 code H elective deferral flows to Form 1040 line Premiums from SSA-1099 included on summary sheet in QR print set 2017 Cross-site carryforward for Tax-Aide sites only

8 Computation Changes Carryforward data includes: 1. Taxpayer s/spouse s name, filing status, SSN/ITIN, dob and phone # 2. W-2, 1099-R EIN, 3. Schedule D (Capital loss carryforward) 4. Schedule C name, business code and description 5. Schedule K-1 payer information 8

9 Computation Changes 6. Child care providers with dependents claimed 7. Banking information for direct deposit 8. Schedule B financial institution information Form 1099-INT/DIV 9. State and local refund worksheet Counselor can choose which, if any, items to carryforward 9

10 Carryforward Consent 2018 Filing Season All taxpayers must agree to or deny crosssite carryforward for 2019 filing season in 2018 Consent form will be in e-file section 2017 return cannot be e-filed unless consent form is completed Consent applies across all VITA/TCE sites no special Tax-Aide provisions for 2019 tax season 10

11 TaxSlayer Carryforward: Normal Extended Global Normal Carryforward When: 2018 Filing Season* and future seasons What: Carryforward from prior-year returns prepared at the SAME Tax-Aide site How: Counselor automatically given option to use some or all of data. 11 Extended Carryforward When: 2018 Filing Season ONLY What: Carryforward from a Tax Year 2016 return prepared at ANY still active Tax-Aide site. How: Counselor automatically given option to use some or all of data. The IRS is giving Tax- Aide a one-year exception allowing carryforward from ANY still active Tax-Aide site. During Filing Season 2018, Tax-Aide will implement consent questions for Global Carryforward. Global Carryforward When: 2019 Filing Season and future seasons What: Carryforward from ANY still active VITA/TCE site (including Tax-Aide sites) if taxpayer consented in prior year. How: Counselors will need to ask for consent** each filing season starting in Filing Season Denying permission will not impact e-filing that year or normal carryforward at the SAME site in following year.

12 Carryforward data: May be dropped from list. 1. Name, Filing Status, SSN/ITIN, DOB, phone # 2. Dependents Name, DOB, SSN/ITIN, relationship 3. W-2 (employer EIN database) 4. Form 1099-R (payer EIN database) 5. Schedule D (Capital Loss carryforward) 6. Schedule C (name, business code, and description) 7. Schedule E rental information and Schedule K-1s 8. Child care providers with dependents claimed 9. Banking information for Direct Deposit 10. Schedule B financial institutions information for Form INT/DIV 11. State and local refund worksheet 12. Return Notes Counselor can choose which, if any, items to carryforward 12

13 Computation Changes Continue button saves information entered on state entry pages 2017 Field validations added to state entry pages 2017 Edit state return with 1040NR

14 Computation Changes Age of taxpayer and dependent(s) added to Client Form Listing Summary 2017 Direct Debit Information added to Client Form Listing Summary

15 Computation Changes 15

16 Computation Changes Assign ownership TP/SP/JT to all income items 2017 Sale of Primary Residence within two years of date of death of spouse full $500,000 exclusion allowed

17 Computation Changes Comments Questions? 17

18 Navigation Changes Due diligence questions have been eliminated. Questions to determine EITC eligibility located in basic information section Form 8888 Pull Refund enters full amount of refund in first bank field 2016 and

19 Navigation Changes Due diligence questions eliminated Can create pdf of 15 forms/schedules After rendering one of new form views, next attempt to print complete return from 1040 View page just gives that previously selected single form. Printing from Summary page or from Client Search work properly. 19

20 Navigation Changes 20

21 Navigation Changes Former Federal ReturnTypes (Refund) Electronic Mailed Direct Deposit Paper Return With Direct Deposit Paper Return Revised Federal Return Types (Refund) E-File: Paper Check E-file: Direct Deposit Paper Return with Direct Deposit Paper Return 21

22 Navigation Changes Former Federal Return Types (Balance Due) Mail Payment Direct Debit Paper Return with Direct Debit Revised Federal Return Types (Balance Due) E-file: Mail Payment E-file: Direct Debit Paper Return Paper Return 22

23 Navigation Changes No 8888 initial input of routing and bank account numbers masked 2016 and 2017 Verification Codes included on W-2 entry screen 2016 and 2017 Tax year indicator added to header menu inside return 2016 and

24 Navigation Changes Modified left navigation bar 2016 and 2017 Preparer can check status of return from left navigation bar while in another return 2016 and 2017 Able to enter free form Box 14 entries on a W

25 Navigation Changes 25

26 Navigation Changes EIN field for substitute Forms W-2 and 1099-R now optional 2016 and 2017 Prior year validation errors now visible 2017 Able to select tax year from a drop down window 2016 and

27 Navigation Changes Prior method of selecting tax year. 27

28 Navigation Changes 28

29 Navigation Changes 29

30 Navigation Changes 30

31 Navigation Changes 31

32 Navigation Changes Menus that are year specific: 1. Start New Return 2. Client Search 3. Review Returns 4. Reports 5. Transmissions 32

33 Navigation Changes Paper as a return status is available when: 1. Federal return type is changed to paper for a return previously rejected 2. Paper is selected as return type and return is marked as Complete 2016 and

34 Navigation Changes Security code removed from Login Page and Office Setup 2017 Security Question and Answer removed from Preparer Setup Menu

35 Navigation Changes 15 view print pages are available in the practice lab Ability to view specific forms without having to render PDF for entire return When preparer selects Continue after completing form, a print icon will be available for that form 35

36 Navigation Changes Print form from Income Page And from Deductions > Adjustments page and Deductions > Credits page and Miscellaneous Forms page 36

37 Navigation Changes Last checkpoint button added to Summary/Print page 2016 and

38 Navigation Changes 38

39 Navigation Changes Comments Questions? 39

40 Appearance Changes Summary Pages fresher easier to read 2016 and 2017 Universal symbol for edit and delete icons 2016 and 2017 Color of Practice Lab

41 Appearance Changes Thicker font 2017 Bold titles 2017 More contrast between background and text

42 Appearance Changes Left align fields on forms 2017 Return prep screens modified to match Welcome page and E-files screens 2016 and

43 Appearance Changes 43

44 Appearance Changes Comments Questions? 44

45 Capacity Changes Increased print servers from 2 to 6 Increased calculation servers from 16 up to 64 depending on demand 45

46 Customer Service Changes Each contact to support staff assigned a case number 2016 and 2017 Dedicated team to monitor and mentor staff 2016 and 2017 Adopted new system for a more streamlined process 2016 and

47 Capacity and Customer Service Changes Comments Questions? 47

48 TaxSlayer Issues Many reported on VITA/TCE Blog encourage all to check site before raising questions 48

49 TaxSlayer Issues Gambling losses entered do not carry to Schedule A, line 28 Trying to create Schedule E for Royalties entered on Form 1099-MISC kicks user completely out of the program Dependent information not carrying to page 2 of Form

50 TaxSlayer Date Issues Some forms, references on data entry pages and rates and amounts not updated to 2017 In progress Some IRS acceptance tests still using 2016 rates E-File: Direct Debit is forcing immediate debiting since today's date is after 4/15/2017 Entering today or later 2017 date for stock transaction is not accepted 50

51 Tests Practice Lab 2017 Advanced Test Fixed Nov 30 Capital loss carryover doesn t work in Practice Lab 2017 Advanced Test asks for mileage amount, but software shows Schedule C-EZ (can force Schedule C in site print set) HSA Test situation as presented is confusing as there are excess contributions 51

52 Stress Tests Goal is to stretch boundaries of the online software operating system Dates Dec 6: 12:30pm 2:00pm ET Dec 20: 2:00pm 3:30pm ET Stress test procedures and scenarios to be posted on blog 52