Embed Size (px)
Citation preview
11-Day Returning Counselor Training 2013
One Day Returning Counselor Training
INCOME
21-Day Returning Counselor Training 2013
Page D-1
31-Day Returning Counselor Training 2013
41-Day Returning Counselor Training 2013
Page D-3
51-Day Returning Counselor Training 2013
Page 1-1
61-Day Returning Counselor Training 2013
AARP FOUNDATION TAX-AIDE
TWO/TRAININGhttps://twonline.taxwise.com/training11 TW 2011 Brown background
https://twonline.taxwise.com/training TW 2012 Green background
71-Day Returning Counselor Training 2013
LOG IN – FIRST TIME
Use Internet ExplorerCheck your Caps Lock!
81-Day Returning Counselor Training 2013
LOG IN – FIRST TIME
You’ll be prompted to change your password
91-Day Returning Counselor Training 2013
Make your password easy to remember - write it down
LOG IN – FIRST TIME
101-Day Returning Counselor Training 2013
LOG IN – FIRST TIME
111-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
121-Day Returning Counselor Training 2013
TWO/TRAINING HOMEPAGE
131-Day Returning Counselor Training 2013
TAXWISE RIBBON
Open existing return
New return
141-Day Returning Counselor Training 2013
START A NEW RETURN
Use the SSN / EIN numbering rules!
151-Day Returning Counselor Training 2013
OPEN AN EXISTING RETURN
Click “Go to Tax Forms”
161-Day Returning Counselor Training 2013
TWO SCREEN
Active form
Ribbon
Form tree
Refund monitor
171-Day Returning Counselor Training 2013
TWO SCREEN
Set your IE View-Zoom to 100%
181-Day Returning Counselor Training 2013
FORMS TREE
+ Add a form
× Delete a form
Ok to not use all forms in tree
191-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
201-Day Returning Counselor Training 2013
ADD A FORM
Show all formsVery long listUse scroll bar
Type in form #
211-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 redAlso calculator and help
Form
Toggle Estimate
Calculator
221-Day Returning Counselor Training 2013
LINKING TO A FORM OR SCRATCH PAD
Open an existing form / scratch padOpen a new form / scratch pad
231-Day Returning Counselor Training 2013
BASIC TWO RULES
Enter all dates in the format mmddyyyyAmounts can be entered with or without
centsDo not use
any punctuation (only hyphens in names allowed)
double spaces dashes
241-Day Returning Counselor Training 2013
251-Day Returning Counselor Training 2013
261-Day Returning Counselor Training 2013
271-Day Returning Counselor Training 2013
281-Day Returning Counselor Training 2013
291-Day Returning Counselor Training 2013
301-Day Returning Counselor Training 2013
311-Day Returning Counselor Training 2013
See Page 2-3
321-Day Returning Counselor Training 2013
331-Day Returning Counselor Training 2013
341-Day Returning Counselor Training 2013
See Page 2-5
351-Day Returning Counselor Training 2013
361-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
371-Day Returning Counselor Training 2013
Page E-3
381-Day Returning Counselor Training 2013
See Pages 2-8, 2-9
391-Day Returning Counselor Training 2013
401-Day Returning Counselor Training 2013
411-Day Returning Counselor Training 2013
421-Day Returning Counselor Training 2013
2012 Capital Gains Worksheet
See Pages 2-10 to 2-15
431-Day Returning Counselor Training 2013
441-Day Returning Counselor Training 2013
451-Day Returning Counselor Training 2013
461-Day Returning Counselor Training 2013
471-Day Returning Counselor Training 2013
Page 2-17
491-Day Returning Counselor Training 2013
501-Day Returning Counselor Training 2013
511-Day Returning Counselor Training 2013
521-Day Returning Counselor Training 2013
531-Day Returning Counselor Training 2013
541-Day Returning Counselor Training 2013
551-Day Returning Counselor Training 2013
561-Day Returning Counselor Training 2013
ROYALTIESTab 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
571-Day Returning Counselor Training 2013
Sch E Pg 1
581-Day Returning Counselor Training 2013
591-Day Returning Counselor Training 2013
Page 2-19
601-Day Returning Counselor Training 2013
1040 Wkt1
611-Day Returning Counselor Training 2013
621-Day Returning Counselor Training 2013
631-Day Returning Counselor Training 2013
641-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.
April 21, 2023 - USA
64
651-Day Returning Counselor Training 2013
661-Day Returning Counselor Training 2013
PAGE 3-1
671-Day Returning Counselor Training 2013
QUESTIONS???
