Here are some notes that may help you in your training

1.Sign onto website https://www.jhnet.com/Processing Center Code: CBDUser name: Password:

Week 1. Session 1-Filing Information Session 2-Exemptions and Dependents Week 2. Session 3-Filing Basics Session 4- Employee Compensation On-Line Module-General Filing Information ( FOUND

UNDER MY TOOLS> CATALOG>SEARCH) WEEK 3. SESSION 5- Interest and Dividends SESSION 6-State Refunds & Alimony WEEK 4.SESSION7-Basis and Depreciation SESSION 8.-Special Considerations for

Depreciation WEEK 5. Session 9.-SELF EMPLOYMENT On-Line Module 2013 Spotlight on 1099-MISC On-LineModule Spotlight on Schedule C WEEK 6. On-Line Module Kids Stuff Preparing Returns

for Childcare Providers On-Line Module Preparing Returns for Truckers Session 10 –Capital Gains and Losses On-line Module2013 Spotlight on Schedule D

WEEK 7. Session 11-Reitrement Distribution On-Line Module Spotlight on 1099 –R Session 12- Residential Rental Property & Flow

Through Entities WEEK 8. Session 13- Government Payments and Other

Income Session 14-Adjustment to Income Session 15 MID TERM REVIEW WEEK 9. Session 16 Standard and Itemized Deductions On-Line Module-2013 Spotlight on Schedule A Session 17- Miscellaneous Itemized Deductions WEEK 10. Session 18 –Tax and Childcare Credits Session 19-Education Credits Session 20. Saver’s Credit & Child Tax Credit WEEK 11. Session 21- Other Taxes and Payments Session 22- Earned Income Tax Credit On-line Module-Earned Income Credit WEEK 12.Session 23-Refund & Balance Due Session 24-Tac Return Review and Electronic

Filing On-Line Module Preparing Amended Returns WEEK 13. Session 25- Practices, Procedures and Ethics Session 26 Final Review On-Line Module Ethics & Due Diligence

Requirements

*A citizen or resident of the United States

must file a federal individual income

tax return if they are required to file.

*How Do you know if they are required to

file?

Collecting biographical data is the first

critical step to answering the filing

question. The type of biographical

date that must be collected can be

categorized into four key areas.

Citizenship and Residency

Date of Birth and Age

Marital Status

Dependents

Biographical Data is also used when an individual is required to file a tax

return to determine how an individual should report and calculate

their tax return entries.

A Persons citizenship and residency are important for determining whether and how and individual must file a tax return.

Invidividual Taxpayers basically fit into two categories Resident or Non Resident. A non Resident is also referred to as a Alien.

There are three categories of Alien and they are; resident, Non Resident, or dual status taxpayer.

http://www.irs.gov/pub/irs-pdf/p519.pdf

Generally an individuals age on December 31st

determines how old they are for tax purposes.

There is an exception to the determination of an individuals age. An individual may be considered 65 on the day before their birthday only if they 65th Birthday is on Jan 1st.

ww.irs.gov/pub/irs-pdf/f1040

There are five Standard Filing categories into which individuals can fit

The categories areMost taxpayers Dependent taxpayersChildrenSelf-Employed IndividualsAliensIf an individual does not meet

their categories filing requirements there are situations when they still need or should file a tax return.

The two other categories that cover these situations are

Others required to file and others that should file.

Community Property When calculating

gross income to determine filing

requirements, community property rules when all of the

following are true for the taxpayer.

Married Lives in a Community

Property State Does not file a joint return with

their spouse

Arizona, Idaho, California ,Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin are Community Property States

For more information on Community Property rules see IRS Publication 17 part 1

Dependents must file if their unearned or gross income meets the corresponding threshold amounts for their marital status, age, and blindness.

Unearned , earned and gross Income only refers to the income of the dependent individual even if their filing status is MFJ and their spouse had income.

Gross income is taxable earned

income plus taxable unearned income

To further determine if a tax

payer is considered blind for tax

purposes refer to tax publication 17 part 5 Standard Deductions and

Itemized deductions.

If You have further questions please contact

Dona Farmer at 540-583-0845 donafarmer@ymail.com

Or Lauren Cappello 540-589-5161 Lmicianocappello@yahoo.com

https://www.facebook.com/pages/Jackson-Hewitt-in-Virginia/208631722630141

Lauren Summary