1 1-Day Returning Counselor Training 2013 One Day Returning Counselor Training INCOME

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6 1-Day Returning Counselor Training 2013 AARP FOUNDATION TAX-AIDE TWO/TRAINING TW 2011 Brown background TW 2012 Green background

7 1-Day Returning Counselor Training 2013 LOG IN – FIRST TIME  Use Internet Explorer  Check your Caps Lock!

8 1-Day Returning Counselor Training 2013 LOG IN – FIRST TIME  You’ll be prompted to change your password

9 1-Day Returning Counselor Training 2013  Make your password easy to remember - write it down LOG IN – FIRST TIME

10 1-Day Returning Counselor Training 2013 LOG IN – FIRST TIME

11 1-Day Returning Counselor Training 2013  If you try twice to log in and do not succeed: STOP  Use “Reset Password”  It will ask your security question  You will then be asked to set up a new password LOG IN FAILURE

12 1-Day Returning Counselor Training 2013 TWO/TRAINING HOMEPAGE

13 1-Day Returning Counselor Training 2013 TAXWISE RIBBON Open existing return New return

14 1-Day Returning Counselor Training 2013 START A NEW RETURN  Use the SSN / EIN numbering rules!

15 1-Day Returning Counselor Training 2013 OPEN AN EXISTING RETURN  Click “Go to Tax Forms”

16 1-Day Returning Counselor Training 2013 TWO SCREEN Active form Ribbon Form tree Refund monitor

17 1-Day Returning Counselor Training 2013 TWO SCREEN  Set your IE View-Zoom to 100%

18 1-Day Returning Counselor Training 2013 FORMS TREE + Add a form × Delete a form Ok to not use all forms in tree

19 1-Day Returning Counselor Training 2013 FORMS TREE Yellow exclamation mark - Form is incomplete Green check mark - Form is complete Blank - Form available in Tree, but not necessarily required

20 1-Day Returning Counselor Training 2013 ADD A FORM  Show all forms  Very long list  Use scroll bar  Type in form #

21 1-Day Returning Counselor Training 2013 FIELD LINK ICON  Linking is accomplished by clicking on the icon to the right of the field and clicking on an existing or new form/scratch pad, as applicable  Toggle estimate clears the red  Also calculator and help Form Toggle Estimate Calculator

22 1-Day Returning Counselor Training 2013 LINKING TO A FORM OR SCRATCH PAD  Open an existing form / scratch pad  Open a new form / scratch pad

23 1-Day Returning Counselor Training 2013 BASIC TWO RULES  Enter all dates in the format mmddyyyy  Amounts can be entered with or without cents  Do not use  any punctuation (only hyphens in names allowed)  double spaces  dashes

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31 1-Day Returning Counselor Training 2013 See Page 2-3

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34 1-Day Returning Counselor Training 2013 See Page 2-5

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36 1-Day Returning Counselor Training 2013 If qualified foreign taxes are included in the broker statement ($300, $600 MFJ) link from 1040 line 47 to Form 1116 and enter in [Simplified Limitation Election] section. See Page 2-6

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38 1-Day Returning Counselor Training 2013 See Pages 2-8, 2-9

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42 1-Day Returning Counselor Training Capital Gains Worksheet See Pages 2-10 to 2-15

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56 1-Day Returning Counselor Training 2013 ROYALTIES Tab 2  Royalties in-scope if from a K-1 or on a 1099-MISC from a gas/oil lease or similar  From Form 1040, line 17, link to Sch E  Enter “6” as code type for Royalties  For K-1, list “[Company Name] K1” on C and enter amount for “Royalties Received” in line 3b (transfers to line 4)  For 1099-MISC, link and complete

57 1-Day Returning Counselor Training 2013 Sch E Pg 1

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60 1-Day Returning Counselor Training Wkt1

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64 1-Day Returning Counselor Training 2013 New TWO Form (Wkt7)  1040 Line 21 Other Income  New Worksheet for reporting Miscellaneous Income  Includes 16 additional income lines  New diagnostics will be added  Income from another form auto-populates the worksheet with amount and type  1099-Misc income  link to worksheet then to 1099M. October 11, USA 64

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67 1-Day Returning Counselor Training 2013 QUESTIONS???