Proficiency Part 1

Application of your Tax Law knowledge to the preparation of example returns

These problems are loosely based on the TY2011 4491-W Scenarios, but have been modified and extended to test your proficiency in preparing a complete return - including the New Jersey return. (Use the Scenario write-up given here, NOT the write-up in the 4491-W book from the IRS.) You also must use the TY2013 version of TaxWise/Training, NOT the TY2014 version.

Problem	Scenario	Changed	Refund Monitor	Changed	Notes
Moore	click	11-28-2014	click	12-03-2014
Baylor	click	12-02-2014	click	12-08-2014
Fleming	click	12-08-2014	click	12-21-2014
Sterling	click	12-09-2014	click	12-02-2014

Mentors: click here.

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  Topic Matrix available here (v0.4 11-25-2014)

  Change Log:

• 12-21 @ 11:28 Fleming
  • Refund Monitor - add Override hint to step 13
• 12-09 @ 15:41 Sterling
  • Scenario - remove wash sale amount from calculated net gain / loss
• 12-08 @ 08:37 Baylor
  • Refund Monitor - add note to NOT include DFAS on NJ line 19b
• 12-08 @ 07:29 Fleming
  • Scenario - footer changed
• 12-03 @ 13:44 Moore
  • Refund Monitor - minor changes
• 12-02 @ 18:59 Sterling
  • Refund Monitor - Screen shots and Pub 4012 references added
• 12-02 @ 17:27 Fleming
  • Refund Monitor - Screen shots and Pub 4012 references added
• 12-02 @ 16:40 Sterling
  • Refund Monitor - minor changes
• 12-02 @ 16:13 Baylor
  • Scenario - minor changes
• 12-01 @ 07:52 Sterling
  • Scenario - minor changes
• 11-30 @ 19:37 Sterling
  • Scenario - minor changes
  • Refund Monitor - minor changes
• 11-30 @ 07:41 Sterling
  • Refund Monitor - minor changes
  • Printed Return - minor changes
• 11-29 @ 18:56 Sterling
  • Scenario - minor changes
  • Refund Monitor - minor changes
• 11-29 @ 15:55 Fleming
  • Refund Monitor - minor changes
• 11-28 @ 18:11 Moore
  • Scenario - Minor change
• 11-28 @ 14:08 Fleming
  • Scenario - Minor change
• 11-28 @ 09:11 Moore
  • Refund Monitor - Change order of steps
• 11-28 @ 07:30 Fleming
  • Refund Monitor - Change handling of Note 14
• 11-27 @ 13:16 Fleming
  • Refund Monitor - More corrections
• 11-27 @ 09:16 Fleming
  • Refund Monitor - Many corrections
• 11-26 @ 20:06 Baylor
  • Refund Monitor - Screen shots and Pub 4012 references added
• 11-26 @ 19:15 Moore
  • Refund Monitor - Screen shots and Pub 4012 references added
• 11-26 @ 17:32 Baylor
  • Refund Monitor - Minor edits (Screen shots still not working; Pub 4012 references still missing)
• 11-26 @ 13:51 Moore
  • Refund Monitor - Fix step 3 refund, other minor edits (Screen shots still not working; Pub 4012 references still missing)
• 11-26 @ 13:16 Sterling
  • Scenario - fix Brokerage stmt, changes to Notes
  • Refund Monitor - First draft - Screen shots not working; Pub 4012 references missing; Printed Return available
• 11-25 @ 08:31 Fleming
  • Scenario - fix W-2, changes to Notes
  • Refund Monitor - First draft - Screen shots not working; Pub 4012 references missing; Printed Return available
  • Topic Matrix - updated
• 11-24 @ 18:51 Baylor
  • Scenario - fix 1099-Rs, changes to Notes
  • Refund Monitor - First draft - Screen shots not working; Pub 4012 references missing; Printed Return available
• 11-24 @ 12:13 Moore
  • Scenario - clarification wording changes in Notes
  • Refund Monitor - First draft - Screen shots not working; Pub 4012 references missing; Printed Return available

  Changes from TY2012 versions:

• Dates have been moved forward one year.
• SSN prefixes changed to avoid carry-forward issues
• Replaced 4491-W pages with individual forms
• Various non-trivial changes to problems for TY2013