GLOSSARY ACA Patient Protection and Affordable Care Act ACTC Additional child tax credit AGI Adjusted gross income AMT Alternative minimum tax AOC American Opportunity credit, formerly HOPE education credit APTC Advance premium tax credit (part of the ACA) CASDI California state disability insurance CCH Commerce Clearing House- publisher of TaxWise COD/CODI Cancellation of debt / Cancellation of debt income CTC Child tax credit DC District Coordinator - the individual responsible for all sites in a district EFIN Electronic Filing Identification Number - a unique number assigned by the IRS to identify each electronic filing site, which is used as the electronic address for the site EIC / EITC Earned income credit EIN / FEIN Employer (Tax) Identification Number - the federal ID number for processing employer payroll information ERO Electronic Return Originator - the person responsible for the efiling of tax returns FMV Fair market value HoH Head of household (filing status) HSA Health savings account ITIN Individual taxpayer identification number for those without a SSN LC Local Coordinator (the individual responsible for one or more tax preparation sites) LTC Long-term care MAGI Modified adjusted gross income For 8965 purposes: AGI + excluded foreign earned income + exempt interest income For 8962 purposes: AGI + excluded foreign earned income + exempt interest income + nontaxable SS income (but not Supplemental Security - SSI) MEC Minimum essential coverage (for ACA) MFJ Married filing jointly (filing status) MFS Married filing separately (filing status) OPM Office of Personnel Management - the federal agency which pays government pensions PAB Private activity bond POA Power of attorney Pub IRS Publication PSO Public safety officer PTC Premium tax credit (ACA) the federal subsidy for those buying insurance through an exchange QW Qualifying widow/er (filing status) RDP Registered domestic partner RTN Routing transit number (9-digit number assigned by the Federal Reserve to identify each bank) S Single (filing status) SC State Coordinator - the individual responsible for all districts in on of the five sub states in California SDI Same as CASDI SIDN Site Identification Number - a unique seven digit number starting with S assigned to each physical counseling site operated by Tax-Aide SPEC Stakeholder Partnerships Education and Communication office of the IRS SRP / ISRP (Individual) shared responsibility payment (for ACA) SS / SSN Social Security / Social Security number TC Technology Coordinator for a Tax-Aide district TWO TaxWise Online VI / VP / Voluntary Insurance / Voluntary Payment / Voluntary Payment Disability Insurance - VPDI NONE of which are deductible (on Schedule A) as a state tax 87 November 15, 2015 (corrected)
AARP Volunteer Information...... 1 ACA Advance Premium Tax Credit Repayment... 54 Exemptions...... 62 Full-Year Coverage......... 61 Net Premium Tax Credit...... 64 ACH Automatic Withdrawal Balance Due...... 71 Estimates...... 72 Additional Child Tax Credit...... 63 Adjustments Alimony Paid...... 48 Certain Business Expenses (2106)...... 47 Early Withdrawal of Savings...... 48 Educator Expenses...... 47 Health Savings Account...... 47 IRA Deduction...... 48 Jury Duty Pay to Employer...... 49 Moving Expenses...... 48 Self-Employed Health Insurance...... 48 Self-Employment Tax...... 48 SEP, SIMPLE Plans...... 48 Student Loan Interest...... 48 Tuition and Fees...... 49 Advance Premium Tax Credit...... 54 Alimony Alimony Paid...... 48 Alimony Received...... 29 Amended Returns...... 81 American Opportunity Credit...... 57 Refundable AOC...... 63 Annuities...... 35 Attachments 8332...... 15 8453 or PDF...... 78 Broker's Statement...... 32 Bank Information...... 16 Business Codes...... 29 Business Income...... 29 CA Adjustments CA Differences...... 64 CA Lottery...... 43 Capital Loss Carryover... 34, 66 Deductions Allowed...... 66 Deductions Not Allowed...... 66 Excludible Income...... 64 Foreign Income Tax Deduction...... 51 Foreign Pensions...... 43 HSA...... 66 HSA Deduction...... 47 HSA Distributions...... 45 HSA Employer Contributions...... 20 HSA Investment Income... 24, 27 INDEX November 15, 2015 (corrected) 88 Includible Income...65 Indian Tribal Income... 22, 44 Inherited Property 2010...33 IRA Basis Difference...65 Other State Bond Interest...24 Pensions 86/87 3-Yr Rule...39 Public Safety Officer Benefits...37 Railroad Retirement Green Form...40 Railroad Tier 1 Blue Form...42 State Tax Refund...29 U.S. / Municipal Fund Dividends...27 U.S. Bond Interest...24 Unemployment Income...41 Wages, State Wages Differ...20 CA Voluntary Contributions...69 Canadian Pensions...40 Canadian Social Security...43 Cancellation of Debt...45 Capital Gains & Losses...31 Capital Loss Carryover...34 CA Adjustment...66 Carry Forward of Prior Year's Data...10 CASDI...20 Casualty and Theft Losses...53 Charitable Contribution Carryover...53 Charitable Contributions...52 Child Care Expenses...55 Child Tax Credit...58 Additional CTC...63 Client Letter...77 Codes 1099-R, box 7...36 5329, Exceptions to the Penalty... 36, 60 Business (Sch C)...29 TWO Color...4 W-2 box 12...19 College Access Tax Credit - CA...67 Color Codes...4 Cost Basis Inherited Property...33 Credits Additional Child Tax...63 American Opportunity...63 Child & Dependent Care...55 Child & Dependent Care - CA...67 Child Tax Credit...58 College Access - CA...67 Dependent Parent Credit - CA...67 Earned Income...63 Education...56 EITC - CA...68 Elderly & Disabled,...59 First-Time Homebuyer/Repayment...61
Foreign Tax...55 Joint Custody HoH Credit - CA...67 Renter's Credit - CA...68 Residential Energy...58 Retirement Savings...58 Senior HoH - CA...67 Credits - CA Only Child & Dependent Care...67 College Access...67 Dependent Parent...67 EITC...68 Joint Custody HoH Credit...67 Renters...68 Senior HoH Credit...67 Currency Exchange Rates...43 CyberTax Messages...1 Deceased Spouse/Taxpayer...13 Representative...77 Signature...14 Deductions...49 Charitable Contribution Carryover...53 Charitable Contributions...52 Gambling Losses...43 Interest Paid...51 Itemized...49 Medical...49 Medicare Insurance...42 Miscellaneous...53 Mortgage Insurance...52 Noncash Charitable Donation...52 Other Taxes...51 Personal Property Tax (DMV)...51 Real Estate Taxes...51 Standard Deduction...49 State Taxes Paid...50 Unrecovered Pension Investment...54 Dependent Care Expenses...55 Dependents...15 More Than Four...15 Standard Deduction...47 Taxpayer as a Dependent...15 Determining if a Return is Required...9 Diagnostics...74 Difficulty of Care Payments...46 Direct Debit Balance Due - CA...71 Balance Due - Federal...71 Estimates - CA...73 Estimates - Federal...72 Direct Deposit...69 Split Accounts...70 U.S. Savings Bonds...70 Direct Deposit - CA...70 Direct Pay...71 Dividend Income AMT-PAB...27 CA Exemption Rule... 28 Capital Gain Distribution... 27 Dividend Stmt... 26 Exempt Interest Dividend... 27 Foreign Taxes... 28 Non-Dividend Distribution... 27 Ordinary... 26 Qualified... 26 Donations to Tax-Aide... 1 Early Distribution Additional Tax...60 Early Withdrawal Penalty...24 Earned Income...47 While a Prisoner... 23 Earned Income Credit...63 Earned Income Tax Credit - CA...68 Education Credits... 56 Scholarships... 21 Student Loan Interest... 48 Education Trust Income (1099-Q)...44 Educator Expenses Adjustment...47 E-Files Change to Paper... 78 Creating... 74 Deleting... 74 Elderly & Disabled, Credit...59 Employer ID 1099-R State Tax ID... 37 W-2... 19 W-2, CA... 20 End of Shift...84 Equipment, Lost or Stolen... 1 ERO Documents...84 Estimated Tax Payments...62 Estimates for Next Year...71 Extensions...83 Failure to File...80 Family Leave Income...41 Federal Tax Withheld...62 Filing Status...13 Head of Household - CA... 64 Final Steps - Tax Returns...73 First-Time Homebuyer Credit/Repayment...61 Foreign Accounts or Assets...23 Foreign Government Pensions...40 Foreign Taxes...28 Forms 1040 Sch A... 49 1040 Sch B... 23 1040 Sch C... 29 1040 Sch D... 31 1040 Sch E... 40 1040 Sch R... 59 1040-ES... 71 1040-X... 82 89 November 15, 2015 (corrected)
Forms (continued) 1098... 51 1098-T... 21, 56 1099-B... 32 1099-C... 45 1099-DIV... 26 1099-G... 41 1099-INT... 24 1099-K... 30 1099-LTC... 45 1099-MISC (Other Income)... 44 1099-OID... 25 1099-Q... 44 1099-QA... 60 1099-R... 35 1099-R CSA/OPM... 39 1099-S... 34 1099-SA... 45 1116... 28, 55 1310... 14 2106... 47, 53 2106-EZ... 53 2441... 55 2848... 77 4137... 22, 60 4852... 21 4868... 83 5329... 36, 60 5405, Disposition... 61 5695... 59 8283... 53 8332... 15 8379... 69 8453... 16, 32, 77, 78, 84 8606... 37, 38 8615... 9, 21 8812... 63 8853... 45 8863... 56 8879... 16, 74, 77 8880... 20, 58 8888... 70 8889... 45 8917... 49 8939... 33 8962... 54 8965... 62 9465... 80 ACH 1040... 71 CA 540-ES... 73 CA 540-X... 82 CA 593... 35 CA 3506... 67 CA 3519... 83 CA 3532 HoH... 64 CA 3567... 80 CA 5805... 69 CA 8453...77 CA 8879...14 CA Sch C...31 CA Sch CA...64 CA Sch D... 34, 66 CA Sch P...67 F/S Tax Paid...62 Main Info...11 Prior Year...81 RRB-1099 Tier 1 Blue Form...42 RRB-1099-R Tier 2 Green Form...40 Sch K-1...25, 40 SSA-1099...41 W-2...18 W-2G...43 W-7...86 Gambling...43 CA Lottery...43 Losses...43 German Pension...40 German Social Security...43 Glossary...87 Head of Household CA 3532...64 Health Savings Account Deduction...47 Distributions...45 In CA...66 Interest Income...24 IRA Rollover...38 W-2, CA...20 Help Hotline Numbers...1 TWO Help Center...7 Household Employee Income...23 Identity Theft, Protection PIN... 9, 16 Identity Verification...10 Income Alimony...29 Annuities...35 Business Income...29 CA Lottery...43 CA/Non-CA Bonds...24 Capital Gain Distribution...27 Capital Gain or Loss...31 Capital Loss Carryover...34 Dividends...26 Family Leave...41 Farm...41 Gambling Winnings...43 Household Employee...23 Indian Tribal Income... 22, 44 Interest...23 IRA Distributions...35 IRA Exclusion Worksheet...37 Non-Employee Compensation...44 November 15, 2015 (corrected) 90
Notary Fees...31 Other...43 Pensions...35 Prepaid Funeral Plan...25 Rents & Royalties...40 Sales of Securities...31 Scholarships...21 Social Security...41 Social Security Disability Insurance (SSDI).. 42 State Tax Refund...28 Tips...22 U.S. Bonds...24 Unemployment...41 Wages...18 While a Prisoner...23 Incomplete Return...79 Injured Spouse...69 Interest Income...23 AMT - PAB...24 Early Withdrawal Penalty...24 Foreign Taxes...28 Government Bonds...24 Interest Stmt...24 OID...25 Prepaid Funeral Plans...25 Seller Financed Mortgage...23 Tax Exempt...24 Interview Mode...10 Interviewing the Client...8 IRA CA Basis Difference...65 Contribution...48 Distribution...37 Early Distribution...36 Exclusion Worksheet...37 Failure to take RMD - additional tax...60 Nondeductible Contributions...38 Rollover...37 Roth Conversion...38 Transfer...37 ITIN...85 1099-R...35 No SSN, No ITIN...85 SSN After Filing with ITIN...86 Valid...85 W-2...18 Jury Duty Pay...43 Given to Employer...49 Kiddie Tax... 9, 21 Late Filing...80 Lifetime Learning Credit...58 Mailing Addresses...iv Main Info Form... 11 Married Filing Separately...14 Married, Legally...14 Medicaid Waiver Payments...46 Medical Expenses...49 Mileage Business...30 Charitable...52 Medical...50 Miscellaneous Deductions...53 Mortgage Interest Paid...51 PMI...52 Points...52 Reverse...52 NAEOB...24 Noncustodial Parent...15 Notary Fee Income...31 Organizing Your Work...9 Other Income...43 Other Tax Deduction...51 Overpayment, Applied to Next Year...72 PAB (Private Activity Bond)...24 Paper Returns... 21, 35, 78, 81, 85, 86 Partnership Income...25 Payments Credit Card...80 Direct Debit (ACH)...71 Direct Pay...71 Estimated Tax...62 Installment Agreement...80 Late...80 Penalties Late File / Payment...80 Underpayment of Tax...69 Pensions...35 3-Year Rule Before 1986...38 CA 3-Yr Rule 86/87 Difference...39 Canadian RRSP...40 Foreign - CA Taxable...43 Foreign Government...40 Simplified General Rule...38 Unrecovered Investment...54 Personal Property Tax (DMV)...51 Phone Numbers... 1, 12 PIN Practioner / Identity...16 Power of Attorney (POA)...77 Prep Notes...17 Prep Use Form...17 Prepaid Funeral Plan...25 Presidential Campaign...13 Printing Amended Return...83 Blank Estimates for Next Year...73 Blank Forms...76 Individual Forms...76 Returns...76 Simplified Method...39 Suppressing CA Return...76 Prior Year Returns...81 91 November 15, 2015 (corrected)
Private Activity Bond (PAB)...24 Public Safety Officer Health Insurance (Form 1099-R, box 5)...38 Survivor Benefits Exclusion...37 Quality Review...75 Railroad Pensions...40, 42 Real Estate Tax Deduction...51 Refunds Deadline to Claim Overpayment...81 Rental Income...40 Renter's Credit - CA...68 Research a Topic... 8 Residential Energy Credit...58 Resources...1 Retirement Income...35 Retirement Savings Contribution Credit...58 Return Notes...17 Return Stage...75 Returns Amended...81 Extending Time to File...83 Paper... 21, 35, 78, 81, 85, 86 Printing...76 Prior Years...81 Starting...10 Reverse Mortgage...52 Review Return with Client...75 RMD Not Taken...60 Rounding...3 Royalty Income...40 RRB-1099-R Blue Form...42 RRB-1099-R Green Form...40 Salaries...18 Sale of Main Home...34 Sales Tax Deduction...50 Salutation... 11 Savers Credit...58 Scholarships, Fellowships, Grants...21 Scope...2 S-Corp Income...25 SDI...20, 21 Self-Employment Tax...59 Notary Fee Exemption...31 Seller-Financed Mortgage... 23 Shared Responsibility Payment... 61 Shortcut Keys...4 Sick Pay... 21 Signatures... 77 8879 / CA8879...77 Deceased Person...14, 77 Paper Returns... 79 Power of Attorney...77 Simplified Method... 38 Site Logs... 84 Social Security Excess Tax Payments...64 Income...41 Lump-Sum Prior Year Payment...42 Supplemental Security Income (SSI)...42 Social Security Number Verification...10 Starting a New Return...10 State Return...16 State Tax Deduction...50 State Tax Refund...28 Student Loan Interest...48 Submission ID...74 Substitute W-2...21 Summary Form...18 Tax Payments CA Estimated Tax...63 Estimated Taxes...62 Excess Social Security Tax...64 With Extension...64 Withholding...62 Tax-Aide Program...2 Taxpayer Diary...17 Telephone Numbers... 1, 12 Third Party Designee...16 Tip Income...22 Trust Income...25 Tuition and Fees Adjustment...49 TWO Add Forms to Forms Tree...6 Confusing Situations...7 Data Entry...3 Help...7 Screen Layout...6 Shortcut Keys...4 Start of Shift Procedures...3 Toolbars icons...5 User Roles...3, 5 U.S. Savings Bonds... 24, 70 Unable to Pay...80 Underpayment of Tax Penalty...69 Unemployment Income...41 Use Tax on Purchases...68 W-2 Multiple... 21 Substitute... 21 Wages... 18 CA Different... 20 Where to File... iv Withholding CA... 68 Federal... 62 Zip Code... 12 November 15, 2015 (corrected) 92