1040

Individual tax return steps

Staging

Preparation:

Information Review

Axcess

Workbook

States:

States to File

Alabama

Alaska

Arizona

Arkansas

California

Colorado

Connecticut

Delaware

District of Columbia

Florida

Georgia

Hawaii

Idaho

Illinois

Indiana

Iowa

Kansas

Kentucky

Louisiana

Maine

Maryland

Massachusetts

Michigan

Minnesota

Mississippi

Missouri

Montana

Nebraska

Nevada

New Hampshire

New Jersey

New Mexico

New York

North Carolina

North Dakota

Ohio

Oklahoma

Oregon

Pennsylvania

Rhode Island

South Carolina

South Dakota

Tennessee

Texas

Utah

Vermont

Virginia

Washington

West Virginia

Wisconsin

Wyoming

Review:

Detail Review

Final Checks

Return Delivery

Staging

Job Folder

1

Paste checklist URL into Job record
2

Create the Job folder
3

Add and rename Workbook

Axcess

1

Confirm return exists or create the tax return
2

SSNs entered for T & S (required for Scan/Autoflow)
3

Close return

Scan Autoflow

1

Run docs through funnel
2

Upload docs to Scan/Autoflow

SurePrep

1

Axcess return closed
2

Create binder and upload files
3

Documents Uploading status
4

Move funnel output file to Processing subfolder
5

Move source docs to Source Docs subfolder

Preparation:

Information Review

(Subtasks)

1

Prior year return
2

Prior year workpapers
3

Tax Projections
4

Strategic Tax Plan

Axcess

Basic Data

1

Home state entered, XX if part-year residents
2

Filing status
3

Names match prior-year return
4

Names entered as mixed-case
5

SSNs match prior-year return
6

Dates of birth
7

Occupations
8

Address entered and matches CRM or other PBC data, update CRM if needed
9

Address entered as mixed-case
10

Driver's license info entered or "No identification provided" entered
11

Dependents
12

Identity Protection (IP) PIN
13

Phone number entered for Primary taxpayer

K-1

1

Basis
2

Carryovers
3

QBI

Schedule C

1

Business name
2

T or S
3

Principal business or profession
4

NAICS code
5

Street address
6

EIN
7

Started or acquired the business
8

1099 question
9

QBI option selected
10

De minimis safe harbor elected

Schedule E Rentals

1

Kind of Property
2

Property address
3

Activity option
4

Type of property
5

Fair rental days
6

QBI selection

Workbook

(Subtasks)

1

K-1 basis reconciled
2

Schedule D tab reconciled
3

Carryovers tab reconciled
4

1040 tab reconciled
5

Diagnostics section shows no differences

States:

States to File

Select Which States to File

1

No state returns needed
2

Alabama
3

Alaska
4

Arizona
5

Arkansas
6

California
7

Colorado
8

Connecticut
9

Delaware
10

District of Columbia
11

Florida
12

Georgia
13

Hawaii
14

Idaho
15

Illinois
16

Indiana
17

Iowa
18

Kansas
19

Kentucky
20

Louisiana
21

Maine
22

Maryland
23

Massachusetts
24

Michigan
25

Minnesota
26

Mississippi
27

Missouri
28

Montana
29

Nebraska
30

Nevada
31

New Hampshire
32

New Jersey
33

New Mexico
34

New York
35

North Carolina
36

North Dakota
37

Ohio
38

Oklahoma
39

Oregon
40

Pennsylvania
41

Rhode Island
42

South Carolina
43

South Dakota
44

Tennessee
45

Texas
46

Utah
47

Vermont
48

Virginia
49

Washington
50

West Virginia
51

Wisconsin
52

Wyoming

Alabama

Alabama > Alabama Individual (Form 40) > Taxes > Line 4

1

Certify no use tax due is checked

Alaska

States - General

Alaska Knowledge Base Articles

Alaska has no income tax

Arizona

States - General

Arizona Knowledge Base Articles

(Subtasks)

1

Prior year tax entered

Credit for Taxes Paid to Other States - See KB Article

1

Not applicable, no taxes paid to other states
2

NR/PYR and paid taxes to select states - Credit data entered and marked as estimate
3

NR/PYR and did NOT pay taxes to select states - No credit
4

Full Year Resident and paid taxes to another state - Credit calculation checked

Arkansas

States - General

Arkansas Knowledge Base Articles

California

States - General

California Knowledge Base Articles

Residency

1

Full Year Resident, entered on Federal > General
2

Nonresident/Part-Year resident option selected

Nonresidents and Part-Year Residents

1

Not applicable
2

Demographic information entered (State of prior residence, state of residence if CA nonresident, etc.)

(Subtasks)

1

County at time of filing entered
2

Prior year tax entered for Underpayment Penalty Preparation
3

Web Pay paragraph option "All of the above"

Credit for Excess SDI

1

Not applicable
2

Credit applies and calculated

Colorado

States - General

Colorado Knowledge Base Articles

Connecticut

States - General

Connecticut Knowledge Base Articles

Delaware

States - General

Delaware Knowledge Base Articles

District of Columbia

States - General

District of Columbia Knowledge Base Articles

Florida

States - General

Florida Knowledge Base Articles

Florida has no income tax

Georgia

States - General

Georgia Knowledge Base Articles

Hawaii

States - General

Hawaii Knowledge Base Articles

Hawaii Pensions/Retirement Subtraction

(Subtasks)

1

Not Applicable

(Subtasks)

1

Subtraction entered

Enter Subtraction Amount for Employer Funded Retirement

Line 3 of 8 - State flows directly to Line 13 of Form N-11

Hawaii > State Worksheets > Estimates / Underpayments > 2 - Underpayment Penalty Preparation

(Subtasks)

1

Line 5 - Enter prior year tax
2

Line 6 - Enter or confirm prior year adjusted gross income

Hawaii > State Worksheets > Estimates / Underpayments > 1 - Estimate Preparation

(Subtasks)

1

Line 1 - Select option to prepare or suppress estimates
2

Line 8 - Select if overpayment gets applied to estimates or refunded or leave blank if no overpayment

Hawaii > State Worksheets > Credits > 3 - G.E./Use Identification Number

(Subtasks)

1

Lines 1-3 - Enter GE number(s) as applicable with the dashes

Government Forms > N-11 PG,34 - Individual Income Tax REturn - Resident Filing Federal Return

(Subtasks)

1

Lines 53-55 - Review and enter GE numbers and confirm Hawaii gross receipts

Paper Filing

(Subtasks)

1

W-2s, 1099s, and any other documents for withholding information

Other Items to Consider

(Subtasks)

1

Electing §179 and opting out of bonus. Hawaii doesn't do bonus but allows $25,000 of §179

Conformity Notes

Yes - Miscellaneous itemized deductions

No - Lower mortgage interest limit. Retains the $1.1M debt limit

No - $10,000 limit for state and local taxes

No - §199A

Yes - Moving expenses

Idaho

States - General

Idaho Knowledge Base Articles

(Subtasks)

1

If part-year residents, enter the months qualified for the grocery credit on States > Idaho > State Worksheets > Credits > 1 - Other Credits. Remember to enter for each dependent too.

Illinois

1

K-1-P prepared
2

Property tax credit

Indiana

(Subtasks)

1

Residency Information
2

Nonresident & Part-Year Info - 1/2 SE Tax, Retirement manual allocation

Iowa

States - General

Iowa Knowledge Base Articles

Kansas

(Subtasks)

1

K-9 attached for PTET credit

Kentucky

States - General

Kentucky Knowledge Base Articles

Louisiana

States - General

Louisiana Knowledge Base Articles

Maine

States - General

Maine Knowledge Base Articles

Maryland

States - General

Maryland Knowledge Base Articles

Massachusetts

States - General

Massachusetts Knowledge Base Articles

Massachusetts > State Worksheets > Payments and Penalties > 2 - Underpayment Penalty Preparation

(Subtasks)

1

Line 8 - Enter prior year tax

Massachusetts > State Worksheets > General > 7 - Schedule HC

(Subtasks)

1

Nonresident

(Subtasks)

1

Lines 1-30 completed as applicable

Part-Year/Non Residents

(Subtasks)

1

Full year resident

Massachusetts > State Worksheets > General > 1 - Residency

(Subtasks)

1

Line 1 - Residency Status
2

Line 2 - Check if new address
3

Lines 4-5 - Enter as applicable

Michigan

States - General

Michigan Knowledge Base Articles

Michigan > Michigan Income Tax (MI 1040) > Estimates / Underpayments > 2 - Underpayment Penalty Preparation

(Subtasks)

1

Line 5 - Enter prior year tax

Michigan > Michigan Income Tax (MI 1040) > Taxes > 1 - Use Tax

(Subtasks)

1

Line 4 - Select No use tax due

Part-Year and Non Residents

(Subtasks)

1

Full year resident

Michigan > Michigan Income Tax (MI 1040) > General > 1 - Residency

(Subtasks)

1

Lines 1-2 - Select residency
2

Line 3 - Enter 1000 for NR or the applicable selection for part-year resident

Michigan doesn't tax residents on their business income earned out of state.

Sch C income apportioned using 1040H

SEP & 401(k) contributions are only deductible here if the business income they're based on is apportioned to MI. Or a portion of the deduction could be apportioned to MI using the same apportionment ratio.

Reciprocity agreement for wages with IL, IN, KY, MN, OH, WI where residents of one state working in another don't pay tax to the NR state.