PRO-P4 Sterling Refund Monitor
Filing Status: Married filing jointly
12-02-2014 TY2013 v0.4-2b
Step |
TP Form/ |
TW Form |
Payer/Name |
Fed 37 |
Fed 74/76 |
NJ |
NJ 56/66 |
4012 |
4012 |
Notes BP = Best Practice, Q = Question |
0 |
Intake etc. |
|
Fill in Part II shaded section |
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15 |
15 |
To Do: Fill in on paper copy for discussion with Mentor |
1a |
Intake etc. |
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15 B-1 C-10 |
15 B-1 C-10 |
Hint: Use 4012 to find Filing Status |
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1b |
Note 11 |
Municipality Code |
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Hint: See NJ Special Handling Hint: Did their address change? |
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1c |
Note 10 Note 2 |
Gubernatorial Election |
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1d |
Intake etc. |
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C-15 |
C-15 |
BP Leave line 14 blank (for now) |
|
2 |
1099-INT |
Chapman Federal S & L |
630 |
0 |
0 |
0 |
D-8 |
D-8 |
Hint: Check NJ-1040 Line 15a = 125 Hint: Check NJ-1040 Line 15b = 505 |
|
3a |
1099-R |
Averell Pension Fund |
19,028 |
1,715 |
0 |
0 |
D-22 |
D-25 |
Hint: Use Simplified Method to calculate taxable portion |
|
3b |
1099-R |
Averell Pension Fund |
19,028 |
1,715 |
0 |
0 |
|
|
BP: Do NJ 1040 line 19b adjustment now Hint: Check NJ 1040 Line 19a = 18,398 Hint: Check NJ 1040 Line 19b = 227 |
|
4 |
1099-R |
Scripps Investment Partners |
30,821 |
2,441 |
4,816 |
0 |
D-22 |
D-25 |
|
|
5 |
SSA-1099 |
Social Security SP |
32,437 |
2,281 |
2,827 |
0 |
D-22 |
D-25 |
BP: Use Scratch Pad for Medicare Q: Why does NJ line 38 decrease? |
|
6 |
SSA-1099 |
Social Security TP |
36,430 |
2.431 |
632 |
0 |
D-22 |
D-25 |
BP: Use Scratch Pad for Medicare |
|
7 |
Brokerage Stmt |
Ronald Jones |
39,777 |
2,096 |
2,700 |
0 |
D-8 |
D-9 |
Hint: Use detail pages to determine how much of box 8 is tax-exempt in NJ Hint: Check NJ-1040 Line 15a = 2,152 Hint: Check NJ-1040 Line 15b = 545 |
|
8a |
Brokerage Stmt |
Ronald Jones |
40,207 |
2,071 |
2,937 |
0 |
D-9 |
D-10 |
|
|
8b |
Brokerage Stmt |
Ronald Jones |
40,207 |
2,084 |
2,937 |
0 |
G-2 |
G-2 |
|
|
9 |
Brokerage Stmt |
Ronald Jones |
62,838 |
611 |
15,414 |
(216) |
D-13 |
D-15 |
|
|
10 |
Note 5 |
Capital Loss carryover |
35,073 |
2,589 |
15,414 |
(216) |
|
|
Q: Why does NJ taxable income not change, too? |
|
11a |
Note 6 |
Frack-Up Gas - |
35,587 |
2,539 |
15,764 |
(221) |
D-8 |
D-9 |
Hint: See NJ Special Handling Q: Why does AGI go up by 514 if interest amount was only 343 |
|
11b |
Note 6 |
Frack-Up Gas - |
36,298 |
2,469 |
16,248 |
(227) |
D-9 |
D-10 |
|
|
11c |
Note 6 |
Frack-Up Gas - |
36,397 |
2,459 |
16,470 |
(231) |
D-13 |
D-15 |
Q: Cap Gain was 218 Fed AGI goes up by only 99; NJ taxable income goes up by 222 why? |
|
11d |
Note 6 |
Frack-Up Gas - |
37,968 |
2,299 |
17,465 |
(245) |
D-24 |
D-27 |
Hint: Add Sch E Pg 1 if not already in tree |
|
12 |
Note 7 |
Prior Year NJ tax payments |
37,968 |
2,299 |
17,465 |
(245) |
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|
Hint: See NJ Special Handling BP: Use Scratch Pad for multiple payments Hint: Sch A Line 5a should be 245 |
|
13 |
Note 8 |
NJ Estimated payments |
37,968 |
2,299 |
17,465 |
(35) |
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Hint: See NJ Special Handling Hint: Sch A Line 5a should be 495 |
|
14 |
Note 7 |
Still red resolve |
37,968 |
2,299 |
17,465 |
(35) |
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15 |
Note 12 |
Still red resolve |
37,968 |
2,299 |
17,465 |
(35) |
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16 |
Note 2 |
|
37,968 |
2,299 |
17,465 |
(35) |
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Hint: Fill in Sch EIC if you checked EIC box on Main Info for Samantha |
|
17 |
|
|
37,968 |
2,299 |
17,465 |
(35) |
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|
No errors ready to finish NJ return |
|
18 |
Note 13 |
Line 45 Use Tax |
37,968 |
2,299 |
17,465 |
(79) |
|
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Hint: NJ Use tax chart is in NJ-1040 Instructions, page 36 |
|
19 |
Note 11 |
Worksheet F Line 1 |
37,968 |
2,299 |
17,465 |
(29) |
|
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BP: Use Scratch Pad to show total rent calculation |
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20 |
|
|
37,968 |
2,299 |
17,465 |
(29) |
|
|
No errors ready to handle refund / balance due |
|
21a |
Intake |
Direct deposit of refund |
37,968 |
2,299 |
17,465 |
(29) |
K-1 |
K-1 |
|
|
21b |
Note 12 |
Direct withdrawal of balance due |
37,968 |
2,299 |
17,465 |
(29) |
|
|
Hint: Only acceptable date for withdrawal is todays date BP: Although Diagnostics will give an error if RTN numbers on this page do not match, non-matching Account numbers are not flagged double check manually |
|
22 |
Note 9 |
TY2013 Estimated payments |
37,968 |
2,299 |
17,465 |
(29) |
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Hint: Probably need to add NJ ES Wkt to tree Hint: If just want fixed amount per quarter, it is not necessary to fill in all the detail on this form |
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23 |
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37,968 |
2,299 |
17,465 |
(29) |
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No errors ready to create e-file |
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24 |
|
Create e-file |
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37,968 |
2,299 |
17,465 |
(29) |
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25 |
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|
37,968 |
2,299 |
17,465 |
(29) |
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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)