TaxSlayer Changes Tax Year 2017 - As of Nov 2017 Subject to change
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TaxSlayer Changes Tax Year 2017 As of Nov 2017 Subject to change…
TaxSlayer Changes for TY2017
● Computation Changes
● Navigation Changes
● Appearance Changes
● Capacity and Customer Service
Changes
2 CO1 - IW 2017
Computation Changes ● Added Section IX – Form 5329 –Failure to take RMD – Waiver of Penalty – 2016 and 2017 ● Reinstated Refund/Balance Due Monitor – 2016 and 2017 ● Fixed Medicaid Waiver Payment – 2016 and 2017 3 CO1 - IW 2017
Form 5329 Waiver 4 CO1 - IW 2017
Form 5329 Waiver 5 CO1 - IW 2017
Computation Changes ● Fixed Dependent Day Care benefits treated as wages – 2016 and 2017 ● Using form finder to enter Alimony received saves entries – 2016 and 2017 ● Printed Form 8843 has information in correct lines – 2016 and 2017 6 CO1 - IW 2017
Computation Changes ● W-2 box 12 code H elective deferral – flows to Form 1040 line 36 – 2017 ● Premiums from SSA-1099 included on summary sheet in QR print set – 2017 ● Cross-site carryforward for Tax-Aide sites only – 2017 7 CO1 - IW 2017
Computation Changes
● Carryforward data includes:
1. Taxpayer’s/Spouse’s name, filing status,
SSN/ITIN, dob and phone #
2. W-2, 1099-R EIN,
3. Schedule D (Capital loss carryforward)
4. Schedule C name, business code and
description
5. Schedule K-1 payer information
8 CO1 - IW 2017Computation Changes
6. Child care providers with dependents
claimed
7. Banking information for direct deposit
8. Schedule B financial institution information
Form 1099-INT/DIV
9. State and local refund worksheet
● Counselor can choose which, if any, items
to carryforward
9 CO1 - IW 2017Carryforward Consent – 2018
Filing Season
● All taxpayers must agree to or deny cross-
site carryforward for 2019 filing season in
2018
− Consent form will be in e-file section
− 2017 return cannot be e-filed unless consent
form is completed
● Consent applies across all VITA/TCE sites –
no special Tax-Aide provisions for 2019 tax
season
10 CO1 - IW 2017TaxSlayer Carryforward:
Normal – Extended – Global
Normal Carryforward Extended Carryforward Global Carryforward
• When: 2018 Filing • When: 2018 Filing Season • When: 2019 Filing Season
Season* and future ONLY and future seasons
seasons
• What: Carryforward from • What: Carryforward from
• What: Carryforward from a Tax Year 2016 return ANY still active VITA/TCE
prior-year returns prepared at ANY still site (including Tax-Aide
prepared at the SAME active Tax-Aide site. sites) if taxpayer
Tax-Aide site consented in prior year.
• How: Counselor
• How: Counselor automatically given • How: Counselors will
automatically given option to use some or all need to ask for consent**
option to use some or all of data. The IRS is giving Tax- each filing season starting
of data. Aide a one-year exception in Filing Season 2018.
allowing carryforward from ANY Denying permission will not
still active Tax-Aide site. During impact e-filing that year or normal
Filing Season 2018, Tax-Aide will carryforward at the SAME site in
implement consent questions for following year.
Global Carryforward.
11 CO1 - IW 2017Carryforward data: May be dropped
from list.
1. Name, Filing Status, SSN/ITIN, 8. Child care providers with
DOB, phone # dependents claimed
2. Dependents Name, DOB, 9. Banking information for Direct
SSN/ITIN, relationship Deposit
3. W-2 (employer EIN database) 10. Schedule B financial institutions
4. Form 1099-R (payer EIN database) information for Form 1099-
INT/DIV
5. Schedule D (Capital Loss
carryforward) 11. State and local refund worksheet
6. Schedule C (name, business code, 12. Return Notes
and description)
7. Schedule E rental information and Counselor can choose which,
Schedule K-1s if any, items to carryforward
12 CO1 - IW 2017Computation Changes ● Continue button saves information entered on state entry pages – 2017 ● Field validations added to state entry pages – 2017 ● Edit state return with 1040NR – 2017 13 CO1 - IW 2017
Computation Changes ● Age of taxpayer and dependent(s) added to Client Form Listing Summary – 2017 ● Direct Debit Information added to Client Form Listing Summary – 2017 14 CO1 - IW 2017
Computation Changes 15 CO1 - IW 2017
Computation Changes ● Assign ownership – TP/SP/JT – to all income items – 2017 ● Sale of Primary Residence within two years of date of death of spouse – full $500,000 exclusion allowed – 2017 16 CO1 - IW 2017
Computation Changes
Comments…
Questions?
17 CO1 - IW 2017Navigation Changes
● Due diligence questions have been
eliminated.
● Questions to determine EITC eligibility
located in basic information section
● Form 8888 – “Pull Refund” enters full
amount of refund in first bank field –
2016 and 2017
18 CO1 - IW 2017Navigation Changes
● Due diligence questions eliminated
● Can create pdf of 15 forms/schedules
After rendering one of new form views, next
attempt to print complete return from 1040 View
page just gives that previously selected single
form. Printing from Summary page or from Client
Search work properly.
19 CO1 - IW 2017Navigation Changes 20 CO1 - IW 2017
Navigation Changes
Former Federal Revised Federal
ReturnTypes (Refund) Return Types (Refund)
● Electronic Mailed ● E-File: Paper Check
● Direct Deposit ● E-file: Direct Deposit
● Paper Return With ● Paper Return with
Direct Deposit Direct Deposit
● Paper Return ● Paper Return
21 CO1 - IW 2017Navigation Changes
Former Federal Return Revised Federal Return
Types (Balance Due) Types (Balance Due)
● Mail Payment ● E-file: Mail Payment
● Direct Debit ● E-file: Direct Debit
● Paper Return with ● Paper Return
Direct Debit
● Paper Return
22 CO1 - IW 2017Navigation Changes ● No 8888 – initial input of routing and bank account numbers masked – 2016 and 2017 ● Verification Codes included on W-2 entry screen – 2016 and 2017 ● Tax year indicator added to header menu inside return – 2016 and 2017 23 CO1 - IW 2017
Navigation Changes ● Modified left navigation bar – 2016 and 2017 ● Preparer can check status of return from left navigation bar while in another return – 2016 and 2017 ● Able to enter free form Box 14 entries on a W-2 – 2017 24 CO1 - IW 2017
Navigation Changes 25 CO1 - IW 2017
Navigation Changes ● EIN field for substitute Forms W-2 and 1099-R now optional – 2016 and 2017 ● Prior year validation errors now visible – 2017 ● Able to select tax year from a drop down window – 2016 and 2017 26 CO1 - IW 2017
Navigation Changes ● Prior method of selecting tax year. 27 CO1 - IW 2017
Navigation Changes 28 CO1 - IW 2017
Navigation Changes 29 CO1 - IW 2017
Navigation Changes 30 CO1 - IW 2017
Navigation Changes 31 CO1 - IW 2017
Navigation Changes ● Menus that are year specific: 1. Start New Return 2. Client Search 3. Review Returns 4. Reports 5. Transmissions 32 CO1 - IW 2017
Navigation Changes
● Paper as a return status is available
when:
1. Federal return type is changed to
paper for a return previously rejected
2. Paper is selected as return type and
return is marked as “Complete” – 2016
and 2017
33 CO1 - IW 2017Navigation Changes ● Security code removed from Login Page and Office Setup – 2017 ● Security Question and Answer removed from Preparer Setup Menu – 2017 34 CO1 - IW 2017
Navigation Changes
● 15 view “print” pages are available in
the practice lab
− Ability to view specific forms without
having to render PDF for entire return
− When preparer selects Continue after
completing form, a print icon will be
available for that form
35 CO1 - IW 2017Navigation Changes
● Print form from Income Page
● And from Deductions > Adjustments page
and Deductions > Credits page and
Miscellaneous Forms page
36 CO1 - IW 2017Navigation Changes
● Last checkpoint button added to
Summary/Print page – 2016 and 2017
37 CO1 - IW 2017Navigation Changes 38 CO1 - IW 2017
Navigation Changes
Comments…
Questions?
39 CO1 - IW 2017Appearance Changes ● Summary Pages – fresher –easier to read – 2016 and 2017 ● Universal symbol for edit and delete icons – 2016 and 2017 ● Color of Practice Lab – 2017 40 CO1 - IW 2017
Appearance Changes
● Thicker font – 2017
● Bold titles – 2017
● More contrast between background
and text – 2017
41 CO1 - IW 2017Appearance Changes
● Left align fields on forms – 2017
● Return prep screens modified to
match Welcome page and E-files
screens – 2016 and 2017
42 CO1 - IW 2017Appearance Changes 43 CO1 - IW 2017
Appearance Changes
Comments…
Questions?
44 CO1 - IW 2017Capacity Changes
● Increased print servers from 2 to 6
● Increased calculation servers from 16
up to 64 depending on demand
45 CO1 - IW 2017Customer Service Changes ● Each contact to support staff assigned a case number – 2016 and 2017 ● Dedicated team to monitor and mentor staff – 2016 and 2017 ● Adopted new email system for a more streamlined process – 2016 and 2017 46 CO1 - IW 2017
Capacity and Customer
Service Changes
Comments…
Questions?
47 CO1 - IW 2017TaxSlayer Issues
● Many reported on VITA/TCE Blog –
encourage all to check site before
raising questions
https://vitablog.taxslayerpro.com/
48 CO1 - IW 2017TaxSlayer Issues
● Gambling losses entered do not carry to
Schedule A, line 28
● Trying to create Schedule E for Royalties
entered on Form 1099-MISC kicks user
completely out of the program
● Dependent information not carrying to
page 2 of Form 2441
49 CO1 - IW 2017TaxSlayer Date Issues
● Some forms, references on data entry pages and
rates and amounts not updated to 2017
− In progress
− Some IRS acceptance tests still using 2016 rates
● E-File: Direct Debit is forcing immediate debiting
since today's date is after 4/15/2017
● Entering today or later 2017 date for stock
transaction is not accepted
50 CO1 - IW 2017Tests – Practice Lab 2017
● Advanced Test Fixed Nov 30
− Capital loss carryover doesn’t work in Practice
Lab 2017
● Advanced Test – asks for mileage amount,
but software shows Schedule C-EZ (can force
Schedule C in site print set)
● HSA Test – situation as presented is
confusing as there are excess contributions
51 CO1 - IW 2017Stress Tests
● Goal is to stretch boundaries of the
online software operating system
● Dates
− Dec 6: 12:30pm – 2:00pm ET
− Dec 20: 2:00pm – 3:30pm ET
● Stress test procedures and scenarios
to be posted on blog
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