Transcription of Intake and Interview - aarpca2.org
1 1 Social security and Railroad Retirement EquivalentForm 1040 Line 22 Pub 4491 Part 3 Lesson 15 Pub 4012 Page D 25 Intake and InterviewNTTC Training TY201722 Form SSA-1099 NTTC Training TY20173 Social security Income in TaxSlayerNTTC Training TY20174 In Federal Section, select IRA/ pension Distributions (1099R-SSA-1099) from Income list. Then select SSA-1099 * Enter data for bothTaxpayer and Spouse Check for Federal withholding Add Medicare payments and enter on Medicare line, it will carry automatically to Schedule A*Can go directly to SSA-1099 input screen by using Quick Files, Taxpayer Profiles, Enter Form or 1040 View3 Add SS Income To TaxSlayerNTTC Training TY20175 NTTC Training TY20176 Lump-Sum Social security Benefits paid may include lump-sum payments for prior years Prior year amounts will show in DESCRIPTION block of Form SSA-1099 All must be included in the current return Compare whether refund/tax owed changes when all entered for current year versus allocating appropriate amounts to prior year(s)
2 4 SSA -1099 Lump Sum Distribution NTTC Training TY20177 Sample SSA-1099 Lump-Sum DistributionNTTC Training TY20178 Start With SSA-1099 Input Screen Enter entire amount on current year input screen. Then select Begin Worksheet9 NTTC Training TY2017 Complete one worksheet for each Taxpayer must have copies of previous year tax return(s) Be sure to enter any SS income received by taxpayer and spouse in previous yearNTTC Training If allocating amounts to previous years results in a lower taxable amount, TaxSlayer will automatically use that amountNTTC Training Be sure to check previous return for any tax-exempt interest (Line 8b) [line 5 on worksheet] Print package contains worksheets for all yearsNTTC Training TY2017127 Railroad Retirement BenefitsNTTC Training TY201713 Railroad Retirement Tier 1 Blue form RRB-1099 Same Rules as Social security Enter data on Social security line on SSA-1099 input screen.
3 Enter Medicare B and D on Medicare line Pub 4012 Pg D-25 Railroad Retirement BenefitsNTTC Training TY2017148 SSA-1099 Input Screen Railroad Retirement Enter Railroad Retirement Tier 1 amount on Social security LineNTTC Training TY201715 Railroad Retirement Benefits Railroad Retirement Tier 2 Green form RRB-1099 R Taxed like pension Taxation of Tier 2 Covered in Retirement income lesson NTTC Training TY2017169 Foreign old age PaymentsNTTC Training TY201717 canada pension plan , Quebec pension plan and old age security from canada and Germany By treaty are added to/treated like Social security (Pub 915) Taxpayer must have converted amount into US dollars (bank statement shows) Other countries and pensions from all countries (other than above) out-of-scopeIf Taxpayer does not have SSA-1099 NTTC Training SSA-4926 for 2016 (statement of benefits to be paid) cost of living adjustment for 2017 was can set up account at get information 10 Quality ReviewNTTC Training TY201719 Check that all information transferred from Form(s) SSA-1099 to SSA-1099 input screen (particularly Federal Income Tax Withheld) If benefits are shown for multiple years, determine if lump-sum worksheets are needed For Form(s) RRB-1099 (Blue) make sure all information has been transferred to SSA-1099 input screenExit Interview May need to discuss/explain why part of the SS benefits are taxableNTTC Training TY20172011 Questions/Comments?
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