TaxSlayer is the IRS sanctined sftware that is used t prepare and e-file tax returns. As pictured in Sectin 2 Filing Basics, taxpayers will cmplete an Intake/Interview & Quality Review sheet. The infrmatin prvided n this sheet will be entered int TaxSlayer and used t prepare a quality tax return. T access TaxSlayer, g t http://vita.taxslayerpr.cm/irstraining Enter Passwrd: TRAINPROWEB Nte: Yu will need t use the link and passwrd whenever accessing the practice lab. Create a new Accunt 1. Enter the fllwing infrmatin a. Email (must cnfirm email) b. Username i. Use Test in the username. Fr example TestCurtney16 c. Create passwrd (cnfirm passwrd) i. Write passwrd here: d. Prgram Type i. Select VITA e. Site Identificatin Number (SIDN) i. Use: S81012057 f. Select Security Questin fr Passwrd Recvery g. Prvide Security Answer yu will remember Tax Help Clrad 2016 TaxSlayer Basics Guide Page 1
Sign int TaxSlayer with Username & Passwrd Tax Help Clrad 2016 TaxSlayer Basics Guide Page 2
Select G t Practice Area Frm here yu can Start a New Tax Return r use the Client Search t cntinue n a previusly created return. Nte: Make sure all infrmatin entered n the tax return is in ALL CAPS. When starting a new return, enter the Scial Security Number exactly as it is n the Scial Security Card. Nte: In the practice lab the middle tw numbers will be 00. This will nt affect cmpletin f practice returns. Tax Help Clrad 2016 TaxSlayer Basics Guide Page 3
1. Basic Infrmatin Yu will first enter the filing status f the taxpayer. Yu can use the Filing Status Wizard t help determine the filing status. NOTE: The filing status wizard will nt enter the filing status fr yu; s make sure t select a filing status. Next, use the intake sheet and scial security cards r ITINS t fill all fields fr the taxpayer s persnal infrmatin: Enter the taxpayer s name exactly as it is n the Scial Security Card r ITINS. TaxSlayer will fill the Scial Security Number field fr yu. Read the Intake Sheet carefully t determine if any f the bxes need t be checked ff. Tax Help Clrad 2016 TaxSlayer Basics Guide Page 4
Enter taxpayer s current address and at least ne phne number. Select Cntinue after each page t ensure the infrmatin saves. Dependents If the taxpayer has dependents, select Yes Dependent/Qualifying Child Infrmatin- Fill all fields Enter the Dependent(s) name as it is n the Scial Security Card. Nte: TaxSlayer will autmatically fill in the dependent s last name with the taxpayer s last name. Make sure t crrect this if the dependent s last name is different. Use the intake sheet/ask the taxpayer questins t check ff all apprpriate bxes. Tax Help Clrad 2016 TaxSlayer Basics Guide Page 5
2. Federal Sectin Select Enter Myself fr all sectins. It is imprtant t enter infrmatin exactly as it appears n all tax frms. Incme: Wrk dwn the frms list t reprt all incme such as W2, 1099, etc. It is imprtant t enter infrmatin exactly as it appears n all tax frms. Duble check addresses and withhlding amunts n all frms. If a taxpayer s current address des nt match the address listed n the tax frm, crrect the address n TaxSlayer t match the frm. This will nt change their mailing address n the basic infrmatin page. Deductins: This is where yu reprt deductins, adjustments, and credits. Other Taxes: This is where yu reprt miscellaneus taxes, like the First-time Hmebuyer Repayment. Payments and Estimates: This is where yu enter estimated payments and withhldings. Miscellaneus Frms: Includes Injured Spuse frm and ITIN Applicatin. Tax Help Clrad 2016 TaxSlayer Basics Guide Page 6
3. Health Insurance: Reprt infrmatin abut health cverage. Includes Marketplace cverage, Penalties and Penalty Exemptins. 4. State Sectin: Add state return here. Nte: Fr mst Tax Help Clrad lcatins, nly the Clrad State return can be cmpleted. 5. Summary/Print: Here yu can preview frm 1040. Clicking n the amunt n any line will direct yu t the specific page assciated with the line. 6. E-File Yu will be prmpted t answer questins regarding the EIC, if the taxpayer appears eligible fr the tax credit. Nnresident alien: Answer accrdingly Taxpayer a qualifying child: Answer accrdingly Did yu cmplete frm 8867 and/r perfrm the due diligence required: Answer yes t this questin if yu went thrugh the intake sheet with the taxpayer thrughly and ensured that the dependents listed are qualifying children fr EITC purpses. See sectin 9 in the curriculum r 4012, Tab I fr mre infrmatin. Additinal questins: Answer Des Nt Apply Recrds: As a VITA site, we d nt need t keep any recrds Dcuments t cnfirm business: Only necessary if they were selfemplyed. If the taxpayer is nt self-emplyed, select, Did nt rely n any dcuments. Qualifying Child Questin: Answer accrdingly Dcument used t determine residency: Select, Did nt rely n any dcuments. Tax Help Clrad 2016 TaxSlayer Basics Guide Page 7
Return Type: If direct depsit infrmatin is desired select either Direct Depsit r Paper Return with Direct Depsit. Tax Preparatin and E-File Infrmatin D Nt use this sectin State Return Select hw the taxpayer wuld want t receive their state refund and return type Tax Help Clrad 2016 TaxSlayer Basics Guide Page 8
Taxpayer Bank Accunt Infrmatin Use infrmatin prvided by taxpayer t fill ut the direct depsit infrmatin. When cnfirming the ruting and accunt numbers, d nt use the numbers already entered but nce again take it frm the infrmatin prvided by the taxpayer t ensure accuracy. If either accunt numbers are entered incrrectly, the taxpayer may nt receive their refund. 7. 2015 Amended Return - Here yu can find infrmatin fr amending the current return. 8. Save & Exit Return - When yu need t exit a return, be sure t save. Tax Help Clrad 2016 TaxSlayer Basics Guide Page 9