Reporting California Issues in TaxSlayer October 2016

Most CA issues are addressed in the Federal section ● Most California section issues are quite uncommon ● Exceptions that must be addressed: −Renters Credit −CA HOH form 3532 −CA EIC form CA2 TaxSlayer Clinic

Income CA2 TaxSlayer Clinic 3 ● CA Lottery winnings ● IHSS – TaxSlayer treatment uncertain ● Tribal Income ● Differing treatment of benefits ● Foreign Retirement Income ● Investment income earned in HSA ● Differing treatment of capital gains * ● Different capital loss carryforwards * * Practice Lab doesn’t currently allow

Credits CA2 TaxSlayer Clinic 4 ● Renters Credit ● EIC for California ● Child & Dependent Care for CA ● Other California credits

Deductions CA2 TaxSlayer Clinic 5 ● HSA disbursement ● California Lottery losses

State Tax CA2 TaxSlayer Clinic 6 ● Tax withheld on documents other than W-2, W-2G and 1099-R −If on other documents must be entered in federal section for itemized deduction and again in CA section as tax payments ● Tax refund applied to next year ● Estimated tax for next year ● Tax to pay with extension for current year

General CA2 TaxSlayer Clinic 7 ● Head of Household filing status ● Taxpayer name change ● Alimony paid ● Reporting Use Tax ● Voluntary contributions on CA return ● California ID theft (FTB) ● Deceased taxpayer ● Amended return

California Issues Questions… Comments… 8 CA2 TaxSlayer Clinic