Explanations to IRS? The only form that seems available to provide an Explanations accompanying the return 5/31 (KM) We will explanation to the IRS is the Miscellaneous Form in can prevent the IRS from contacting check on adding the e-file section. Is this a suitable place to enter the TP. Preparer Notes, but explanations to the IRS, or is there a better the Misc notes alternative? section in the e-file section will not go to the IRS Printed Forms Negative values are printed with a minus sign in IRS guidance in F1040 Instructions is to 5/31 (CS) Under front of the number. report negative values in parentheses. Review This also makes it less likely for the number to be mis-read by the TP. Message in state section says: "Leave the "State If any state winnings are entered but 5/31 (CS) If State Income:Less Tax Withholdings, State Taxes Paid To and State ID no state tax was withheld, leaving Winnings were Common Number" section blank if no state tax withholdings those fields blank results in a TS error reported, necessary Income:Gambling were included on the W-2G form you received." message that they must be completed. information required Winnings(W-2G) The Instructions say nothing about to complete the conditions that would cause the state portion of the preparer to not enter anything in the W-2G would be "Gambling Winnings" field. available. Most people would leave State Info blank but would choose their state from the drop down prompting the program to look for withholdings, etc. that would not apply.
Explanations to IRS? The only form that seems available to provide an explanation to the IRS is the Miscellaneous Form in the e-file section. Is this a suitable place to enter explanations to the IRS, or is there a better alternative? Explanations accompanying the return can prevent the IRS from contacting the TP. 5/31 (KM) We will check on adding Preparer Notes, but the Misc notes section in the e-file section will not go to the IRS Printed Forms Negative values are printed with a minus sign in front of the number. IRS guidance in F1040 Instructions is to report negative values in parentheses. This also makes it less likely for the number to be mis-read by the TP. 5/31 (CS) Under Review Income:Less Common Income:Gambling Winnings(W-2G) Message in state section says: "Leave the "State Tax Withholdings, State Taxes Paid To and State ID Number" section blank if no state tax withholdings were included on the W-2G form you received." If any state winnings are entered but no state tax was withheld, leaving those fields blank results in a TS error message that they must be completed. The Instructions say nothing about conditions that would cause the preparer to not enter anything in the "Gambling Winnings" field. 5/31 (CS) If State Winnings were reported, necessary information required to complete the state portion of the W-2G would be available. Most people would leave State Info blank but would choose their state from the drop down prompting the program to look for withholdings, etc. that would not apply.
Tax-Slayer-Concerns-and-Questions-Doc-05172016.docx