QUICKFINDER TAX AND FINANCIAL TOOLS THE RIGHT TOOLS FOR THE JOB

Transcription

1 QUICKFINDER TAX AND FINANCIAL TOOLS THE RIGHT TOOLS FOR THE JOB Quickfinder Tax & Financial Tools contains hundreds of targeted tax and utility tools that helps you handle your clients needs more efficiently, including: TAX PLANNER/CALCULATOR 2-Year Federal Individual Income Tax Planner TAX WORKSHEETS Individual Tax Worksheets (k) Plan Contribution to Individual (Solo) 401(k) 2. Alimony Recapture 3. AMT NOL Computation 4. Annuity Simplified General Rule 5. Annuity Simplified Method 6. Cancellation of Debt Insolvency 7. Charitable Contributions Carryover Schedule 8. Community Property Allocation of Tax Amounts Between Certain Individuals 9. Decedent Reconciliation of Information Returns 10. Deductible Home Mortgage Interest 11. Dependents Support Test for Dependency Deduction 12. Depletion Cost Depletion Schedule 13. Depletion Oil and Gas Depletion Schedule 14. Estate Tax Calculator 15. Foreclosure Borrower s Worksheet 16. Foreign Earned Income and Housing Exclusions 17. Head of Household Cost of Maintaining a Household 18. Home Mortgage Points Amortization Carryforward Schedule 19. IRA Allowable Deduction or Roth Contribution 20. IRA Roth Conversion Analysis 21. IRA Roth IRA Basis Tracker 22. IRA Taxable Distribution When Contribution Made in Same Year 23. IRA Traditional IRA Basis Tracker 24. IRAs Traditional vs Roth 25. Kiddie Tax Age 18 or Full-Time Student Age Minister Allocating Expenses for Tax-Exempt Income 27. Minister Excludable Housing Allowance 28. Net Operating Loss (NOL) Calculation 29. Net Operating Loss (NOL) Carryback After a Divorce or Death of Spouse 30. Net Operating Loss (NOL) Utilization of Carryover or Carryback $ month subscription for up to 5 users To place an order or to learn more, visit tax.thomsonreuters.com/qftools or call

2 31. Real Property Estimated Tax on Gain from Sale 32. Rental Limit on Rental Deductions for a Dwelling Unit Used as a Home 33. Required Minimum DIstribution Inherited IRA 34. Required Minimum Distributions 35. Residence Gain/Loss from Sale and Allowable Exclusion 36. Retirement Plans Equal Periodic Payments for Early Distributions 37. SEP-Sole Proprietor s Contribution 38. SIMPLE IRA Plan Sole Proprietor s Contribution 39. Social Security Taxable Amount with IRA Deduction Phase-out 40. Sole Proprietor Hiring a Dependent Child 41. Tax Benefit Rule Refunds of Amounts Previously Claimed as Itemized Deductions Business Tax Worksheets 1. Auto Employer-Provided Annual Lease Value Method 2. Auto Employer-Provided Cents-Per-Mile Method 3. Auto Trade-In Basis and Current Year Depreciation 4. Auto Sale Gain/Loss Actual Expense Method 5. Auto Sale Gain/Loss Standard Mileage Method 6. Cancellation of Debt Qualified Real Property Business Debt 7. Like-Kind Exchange 8. Partner s At-Risk Basis 9. Partner s At-Risk Losses 10. Partner Components of Suspended Loss Carryover 11. Partner s Outside Basis 12. Repossession of Real Property 13. S Corporation Shareholder Basis in Stock and Debt 14. S Corporation Shareholder Components of Suspended Loss Carryover 15. Section 1244 Loss Corporate Records Supporting Ordinary Loss Treatment HEALTH CARE REFORM DOCUMENTS Worksheets 1. Individual Shared Responsibility Penalty 2. Individual Shared Responsibility Penalty with Changed Circumstances Flowcharts 1. Employer Shared Responsibility Penalty 2. Individual s Premium Assistance Credit 3. Cost-sharing Reduction Subsidy Forms (Applications) 1. Application for Health Coverage & Help Paying Costs Short Form 2. Application for Health Coverage & Help Paying Costs 3. Health Coverage Application 4. Small Business Health Options Program (SHOP) FINANCIAL CALCULATORS 1. Before and After Tax Rate of Return 2. Buying vs Leasing Equipment 3. Buying vs. Leasing Auto 4. Buying vs. Renting Home 5. Employer Retirement Plan vs. Taxable Investment 6. Future Value of Investments 7. IRA Savings 8. Loan: 401(k) Loan 9. Loan Custom Loan Payment Schedule 10. Loan Effect of Lump-Sum Payment on Loan 11. Loan Monthly to Bi-Weekly Loan Conversion 12. Loan Mortgage Comparison 13. Loan Pay Points on Mortgage 14. Loan Record of Loan Payments and Rate Changes 15. Loan Standard Loan Payment Schedule 16. Loan Unknown Loan Variable 17. Monthly Investment Accumulation 18. Mortgage Qualification 19. Personal Financial Statement 20. Present Value of a Future Amount 21. Present Value of a Series of Nonannuity Payments 22. Present Value of an Ordinary Annuity 23. Regular 401(k) vs Roth 401(k) 24. Retirement Account Aggregation 25. Retirement Income Planner 26. Social Security Benefits Starting at Age 62 vs. FRA 27. Years to Become a Millionaire FLOWCHARTS 1. Alimony Decision 2. American Opportunity Credit 3. Backup Withholding Incorrect Name/TIN 4. Backup Withholding Missing TIN 5. Business Use of Home 6. Child and Dependent Care Credit Who Qualifies 7. Child s Income Elect to Report on Parents Return 8. Child s Income Is Form 8615 Required? 9. Classification Process under Check-the-Box Regulations 10. Credit for the Elderly or Disabled 11. Dependency Exemption 12. Dependency Exemption Special Rules for Divorced Parents 13. Earned income Credit 14. Education Expenses Work-Related 15. EIN Ownership and Structure Changes Requiring New EIN 16. EIN When is One Needed? 17. Employee Commuting Business or Personal 18. Estimated Tax Farmers and Fisherman 19. Estimated Tax Optional Methods

3 20. Estimated Taxes General Rules 21. Family Owned Business Covered and Exempt Employment 22. Filing Status 23. Foreign Earned Income and Housing Exclusion 24. Form 2106 Who Must File? 25. Inherited IRA Death After RBD 26. Inherited IRA Death Before RBD 27. Innocent Spouse Relief Equitable Relief 28. Innocent Spouse Relief Separate Liability Election 29. IRA Contributions and Deductions 30. Lifetime Learning Credit 31. Like-kind Exchange 32. Material Participation 33. Meals and Entertainment Expenses 50% Limit 34. Medical Reimbursement Is Excess Taxable? 35. Mixed-use Dwelling Tax Treatment 36. Mortgage Loan Deductible Interest 37. Mortgage Loan Deductible Points 38. Moving Expenses 39. Multiple Support Agreement 40. PALs Real Estate Professional and Rental Activities 41. Payroll Tax Deposits 42. Reporting Sale of Business Property (Form 1040) 43. Roth IRA Qualified Distributions 44. Savings Bond Interest 45. Student Loan Interest Deduction 46. Withholding Exemption CLIENT HANDOUTS Individual Tax 1. Charitable Contributions 2. Children 3. Compensation Plans 4. Divorce 5. Education 6. Elderly 7. Estate and Gift Taxes 8. Other Individual Taxes 9. Real Estate 10. Residences and Vacation Homes 11. Retirement Plans 12. Sole Proprietors 13. Stocks, Bonds and Mutual Funds Business Tax 1. Business Dispositions 2. Business Financing 3. Business Formation and Start-Up 4. Business Property Cost Recovery 5. Business Valuation 6. Buy-Sell Agreements 7. C Corporations 8. Dealings with Business Owners 9. Employer Retirement Plans 10. Fringe Benefits 11. LLCs and Partnerships 12. Personnel and Compensation 13. S Corporations 14. Small Business Government Resources 15. Sole Proprietor Planning 16. Travel, Meals and Entertainment TAX ORGANIZERS Individuals Tax Organizer 2. Airline Personnel 3. Alien (Non-U.S Citizen) 4. Daycare Provider 5. Direct Seller 6. Estate Tax 7. Expatriate 8. Farmer 9. Fiduciary Tax Initial Year 10. Fiduciary Tax Subsequent Year 11. Gift Tax 12. Long Haul Trucker and Overnight Driver 13. Oil and Gas Income and Deductions 14. Realtor Business and Other Entities 1. Corporate Organizer 2. Corporate Organizer Short Form 3. Partnership Organizer 4. Partnership Organizer Short Form 5. S Corporation Organizer 6. S Corporation Organizer Short Form 7. Tax-Exempt (Form 990) Organizer FEDERAL TAX FORMS 1. I-9 Employment Eligibility Verification 2. SS-4 Application for Employer ID Number 3. SS-5 Application for Social Security Card 4. SS-8 Determination of Worker Status for Federal Taxes 5. TD F Report of Foreign Bank and Financial Accounts 6. W-4 Employees Withholding Allowance Certificate 7. W-4P Withholding Certificate for Pension or Annuity 8. W-7 Application for IRS Individual Taxpayer ID Number 9. Form W-8BEN Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals) 10. Form W-8ECI Certificate of Foreign Person s Claim That Income Is Effectively Connected With the Conduct of a

4 Trade or Business in the United States 11. W-9 Request for Taxpayer ID Number and Certification 12. W-10 Dependent Care Provider s ID and Certification 13. W-12 IRS Paid Preparer Tax Identification Number (PTIN) Notice Concerning Fiduciary Relationship Application for Reward for Original Information A (OIC) Collection Information for Wage Earners and Self-Employed B (OIC) Collection Information for Businesses D Installment Agreement F Collection Information Statement Offer in Compromise A Income Certification for Offer in Compromise L Offer in Compromise (Doubt as to Liability) Claim for Refund and Request Abatement Agreement to Extend the Time to Bring Suit App. For Taxpayer Assistance Order Consent to Extend Period of Limitation on Assessment of Income Taxes Corporate Dissolution or Liquidation Reduction of Tax Attributes Due to Discharge of Indebtedness ES Estimated Tax for Individuals ES Estimated Tax for Estates and Trusts Application for Tentative Refund H U.S Income Tax Return for Homeowners Association Application for Extension of Time for Payment of Tax Due to Undue Hardship Application to Adopt, Change or Retain a Tax Year Corporation Application for Tentative Refund Statement of Person Claiming Refund for Deceased Taxpayer Heavy Highway Vehicle Use Tax Return Election by a Small Business Corporation Power of Attorney and Declaration of Representative Application for Change in Accounting Method Taxpayer Statement Regarding Refund Application for Filing Information Returns Electronically (FIRE) Corporation Application for Quick Refund of Overpayment of Estimated Tax Request for Copy of Tax Return T Request for Transcript of Tax Return Application for Extension of Time to File U.S. Estate Taxes Request for Prompt Assessment Substitute for W-2 or Form 1099-R Automatic Extension of Time to File Individual Return Election to Postpone Determination SIMPLE Savings Incentive Match Plan for Employees Application for Extension of Time to File Emp. Plan Returns Application for Automatic 6-Month Extensions 54. Form 8233 Exemption from Withholding on Compensation for Independent (and Certain Dependent) Personal Services of a Nonresident Alien Individual Disclosure Statement 56. Form 8288 U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests 57. Form 8288-B Application for Withholding Certificate for Dispositions by Foreign Persons of U.S. Real Property Interests Report of Cash Payment Over $10,000 Received Release/Revocation of Release to Claim to Exemption for Child Injured Spouse Allocation Asset Acquisition Statement Reporting Agent Authorization Election to Have a Tax Year Other Than Required Application for Extension of Time to File Information Returns Tax Information Authorization Change of Address B Change of Address Business Entity Classification Election Request for Innocent Spouse Relief Paid Preparer s Earned Income Credit Checklist Application for Extension of Time to File Exempt Organization Return Uncollected Social Security and Medicare Tax on Wages Preparer e-file Hardship Waiver Request Application for Voluntary Correction Program (VCP) Compliance Fee for Application for Voluntary Correction Program (VCP) Application for Voluntary Classification Settlement Program (VCSP) Collection Appeal Request Installment Agreement Request Request for a Collection Due Process Hearing Request for Appeals Review Withdrawal of Request for Collection Due Process or Equivalent Hearing Innocent Spouse Statement Statement of Disagreement

5 Request for Appeal of Offer in Compromise Application For Reduced User Fee For Installment Agreements Identity Theft Affidavit CALIFORNIA TAX FORMS ES Corp. Est. Tax ES Est. Tax Ind ES Est. Tax Fid E Real Estate W/H Comp. of Est. G/L Online Account View Access Auth Req. for Relief from Hardship CORP Req. Copy of Corp, Partnership Return PIT Request for Copy of Personal Income Tax Return Automatic Ext. for Individuals FTB POA LLC Tax Voucher Substitute W New Jobs Credit Change of Address Estimated Fee for LLCs Corp. Ext. Filer Collection Info Auto. Ext. for Fiduciaries Installment Agreement Req Mandatory e-pay Election to Discontinuence or Waiver Reqeuest BE Offer in Compromise Business Entity PIT Offer in Compromise E-file Opt-Out Record 24. BOE-392 POA 25. BOE-403-E Individual Financial Statement 26. BOE-490 Offer in Compromise Application 27. BOE-490-C OIC App. for Corps and Bus 28. DE-1 Appl. for EIN 29. DE-1HW Reg. Emp. HH Wkr 30. DE-4 Emp. W/H Cert. 31. DE 4P W/H Cert. for Pension/Annuity 32. DE-24 Change of Address 33. DE-34 New Employees 34. DE-48 Power of Attorney EDD 35. DE-89 Emp. of HH Wkr. Elect. 36. DE 542 Report of Ind. Contractor(s) 37. DE 999 Request for Offer in Compromise 38. DE 999A Offer in Compromise Application 39. DE 999B Offer in Compromise Financial Statement 40. DE 999CA Multi-Agency Form for OIC 41. DE 999D Installment Plan Agreement 42. DE 2251A Affidavit of Mailing OFFICE DOCUMENTS 1. Contact Log Sheet 2. Fax Cover Sheet 3. Invoice 4. Memo 5. Missing Information Sheet 6. Statement of Account 7. To Do List To place an order or to learn more, visit tax.thomsonreuters.com/qftools or call Thomson Reuters/Tax & Accounting. All rights reserved. UPDATED SEPTEMBER 2015 DGM T