QuickBooks Tax-Line Mapping   Business Returns to Which the Tax-Line Mapping Applies   Line in the Business Return to Which Data Flows   Income: Gross receipts or sales   1120, 1120S, 1065   Income Statement, Line ... Read More

Statutory Income Not Appearing   If the statutory income does not appear on Schedule C, follow these steps: 1. Open the return experiencing the issue, and open the W-2 that contains the statutory income. 2. Verify that Option A of Box 13 in... Read More

Publication 972: https://www.irs.gov/publications/p972 (Check here for updated information)... Read More

Form 8867 - Earned Income Credit  Paid preparers of Federal Income Tax Returns or claims for refund involving the Earned Income Tax Credit (EITC) must not only ask all the questions required on Form 8867, but must meet the due diligence requi... Read More

Configuring a Billing Schedule... Read More

 QuickBooks data in a business return Begin by reviewing the Tax-Line mapping associated with each account in the Business’ QuickBooks Chart of Accounts. The Program will enter the imported amounts on specific lines of the Income Statement,... Read More

IMPORTANT:  The method below requires you to have OpenOffice Writer installed on your computer. OpenOffice can be downloaded from http://www.openoffice.org/download.   Printing mailing labels using OpenOffice Writer 1. Open the program... Read More

Schedule E  rental Income for a portion of a primary home 1. Click Add Form, then click SCH E PG 1 to add a Schedule E to the tax return. 2. Double click the SCH E COL form to use for this rental under PROFORMA FORMS on the Attached Forms list.... Read More

Notes on Individual Taxpayer Identification Number (ITIN)The IRS issues ITINs for Federal tax purposes which should be used for tax reporting purposes ONLY.     Regarding ITIN and Earned Income Tax Credit (EITC), if a primary taxpayer,... Read More

 Form 8379 is used when overpayment is applied to past-due financial obligations rather than refunded to the taxpayer on a MFJ.   Form 8379 You may be an injured spouse if you file a joint tax return and all or part of your portion of ... Read More

Debt Income Cancellation... Read More

This article addresses the verify error surrounding the Safe Harbor Sign Statement within the Sch 1 and Explains what is Safe Harbor.   The program suggests the following:  A Sec 199A Safe Harbor Signed Statement is required when the ... Read More

This article links the IRS requested process for filers that submitted a "simple" return but actually had income or additional data to declare.    Amended EIP Return  https://www.irs.gov/newsroom/amended-eip-return Taxpayers who used the Non... Read More

Here you will find a list of Knowledge Base Articles that are tax phase specific. Description Suggested Article Phase TIME For CHANGE Software System Requirements All Season Oct-April E-Filing Prior Year Tax Returns All Season Oct-April E... Read More

TERMS OF SERVICE FOR ONLINE TAX PREPARATION SERVICES - TAX YEAR 2021 BY CLICKING THE "ACCEPT" BUTTON OR ACCESSING OR USING THE SERVICES, YOU ARE ENTERING INTO AND AGREEING TO BE BOUND BY THE TERMS OF THIS AGREEMENT. IF YOU DO NOT AGREE TO THE TE... Read More

Verification Alerts in The Income And Information Checklist   The following steps provide how to enable verification alerts in the Income and Information Checklist Open the program. Log in as a user with administrator access rights. Click on Set... Read More

 PRIVACY POLICY Central Site Important Information: Please read this carefully as we have made updates to our Privacy Policy. This Privacy Policy goes into effect September 2020.  At Central Site (“CPTS,” “us,” �... Read More

View the links below for help with EIC Income Limits, Maximum Credit Amounts, Qualifying Rules, & Claiming Without a Qualifying Child Publication 596, Earned Income Credit (EIC) EITC Income Limits, Maximum Credit Amounts, And Tax Law UpdatesIRS ... Read More

The Ministerial Housing Allowance... Read More

Child and Dependent Care If a TP paid someone to care for their child, spouse, or dependent last year, the TP may be able to claim the Child and Dependent Care Credit on the Federal Income Tax Return.  Below are 10 points the IRS wants... Read More

Taxpayers that contribute to a traditional IRA may be eligible to deduct the contributions as an adjustment to income. If covered by an employer retirement plan, the deduction has a phase out. For more information see IRS Publication 590 A.   ... Read More

Adding or removing forms in a print packet Please follow the steps below to alter the forms that print when the Final Tax Return is printed.  Select Setup menu Then click Printer Setup. Navigate to the 1040 Return Printing Tab. ... Read More

Entering withholding from 1099-B  Double click FRM 1040 on the "Forms Attached" pane. In the Income, deductions, taxes, credits and payments section, enter the Federal Income Tax withheld in the Adjustment box for Federal Income Tax withheld f... Read More

Form 1099-SA is used to report distributions from health savings accounts (HSA), Archer MSA accounts or Medicare Advantage MSA accounts. Distributions from health savings accounts (HSA) are the most common distribution type on Form 1099-SA.   IM... Read More

Form 1099-B The sale of stocks, bonds, etc. is reported on Form 8949, which then carries to Schedule D.   Steps to complete Form 8949 and Schedule D for the sale of stocks 1. Click Add Form on the tax return toolbar. Then click the Index Tab. 2.... Read More

The Practitioner PIN method... Read More

Adjusting of Font Size   The following three methods provide a selection of ways to adjust the font size in the program for different reader's choice:Method 1: Select an alternate font set On the Setup menu, click Office Setup. On t... Read More

Adjusting the vertical alignment of text printed on a check The following steps provide how to adjust the alignment of printed text on checks: Log into the software as a user with administrator rights. From the top menu, select Setup->Printer Set... Read More

Completing Form 2441 Click Client Data on the "Forms Attached" navigation pane. Enter all of the child/dependent information and check the 4th box to the right of MO, for child day care.NOTE: This will create a Form 2441 that can be seen in the n... Read More

This article will walk through the process of adding an asset through the asset manager within the program.Assets can be linked to the following Schedules C, E, & F. Those schedules should be added to the return before adding assets. Multiple... Read More

The amend process is used to apply corrections or provide additional income, credits, deductions, etc; to a Tax Return already acknowledged by the IRS. In many cases, mathematical errors are caught and corrected by IRS so the partner should determine... Read More

Social Security Income For a Dependent Social security income is reported on the recipient’s tax return. If a dependent is a recipient of social security income, the social security income is reported on the dependent’s tax return.   N... Read More

Symptom The tax preparer has a tax return where they feel the depreciation calculation is incorrect. It may have too large of a depreciation deduction. Possible Cause When an amount has been entered for prior year depreciation, and the amount is less... Read More

Symptoms When verifying a tax return, the following verify error appears. ’SS Tax Withheld over 6.2%’   Cause For tax years 2011 and 2012, the social security tax was reduced from 6.2% to 4.2%. Employers that failed to adjust th... Read More

In completing Schedule E, Losses from Rental Real Estate Activity, the information entered does not carry to Line 17 of Form 1040. ... Read More

  There are certain requirements that first must be met in order to deduct employee business expenses for qualified performing artists on Form 1040.  1. The Adjusted Gross Income must be $16,000 or less before deducting expenses as a perfor... Read More

Symptoms While verifying a tax return, a verify error “US FRM 8862 Field Should Be Blank” is present.   Cause This occurs when question 2 “If the only reason your Earned Income Credit was reduced or disallowed in the earlier... Read More

 Access Authorization Level When the user tries to send a text message, the following error message appears:   ‘Your access authorization level of ADMINISTRATOR is inadequate for the requested function Send Text Message�... Read More

Printing Test Checks... Read More

 1099-R retirement and annuity distributions can be taxable, penalized or exempt.   1099-R Taxable Amount Box 1 of form 1099-R is the gross distribution. The software determines how much the taxable amount in box 2a is if you select the checkbo... Read More

Form 1099-MISC 1099-MISC Miscellaneous Income is a form issued to taxpayers for rents, royalties, and other income. Follow the steps below when entering W-2's into the Tax Software.    How to add Form 1099-M Click the Add Form button or p... Read More

Symptoms Topaz pad not being detected in the software. ’No errors sigpad just does not work’    Note you can also run the Sigplusadjust as administrator if it does not work the first time as non-admin. Topaz Systems Inc Troublesho... Read More

This proforma form allows a preparer/tax payer the ability to compare filing exemptions, income & adjustment to income, deductions, credits, payments for the last 3 years of tax preparation on one form.   Where can the form be found/added to a... Read More

The American Rescue Plan of 2021 has a “lookback” provision that allows you to use your 2019 earned income instead of your 2021 earned income to calculate the Earned Income Credit (EIC) or Additional Child Tax Credit (ACTC) on your 2021... Read More

Social Security number (SSN) refers to a unique identifying number (9 digits) assigned to US citizens and other residents to track income and determine benefits. SSNs are issued by the Social Security Administration.    To be valid, the SSN mus... Read More

“Simple” Returns – What are They and What You Need to Do to Complete Them... Read More

This walkthrough will work for Business Types 1120 ONLY For amending the 990, 1041, & 1120S Business Type See KB: 832 From within the Business return  Navigate to the Client Data Form Put a checkmark in the 'Amended return'... Read More

Use Form 1040-ES to figure and pay your estimated tax. This article provides steps on how to add 1040-ES and how to print the voucher.... Read More

The Georgia Department of Revenue has announced House Bill 481, Living Infants and Fairness Equality (LIFE) Act. This allows GA residents to claim an unborn child as a dependent as of July 20, 2022. ... Read More

About Income Summary There's an optional Income Summary form that can be added to returns and configured to print, listing the various income sources and amounts. How to add the Income Summary form. Add Form Select 'Checklist'  �... Read More