One Approach To Integrating Pub 4491W Exercises With ...



One Approach To Integrating Pub 4491W Exercises With Training Modules

8/08 R Eslinger

Overview: Following is one approach to incorporate Pub 4491W exercises into the NTTC 2008 training modules to support process based training. The assumption is that the instructor will be able to project the training modules as well as TaxWise for all counselors to see.

Each counselor with have a computer for use in preparing returns using TaxWise. The scenario includes the instructor presenting a series of training modules followed by entering the information just taught into the Pub 4491W Dalhart or a comprehensive problem or Vanessa Franklin problem (from Pub 4491) exercise projected so that counselor can see and duplicate the entries. Once the counselor completes the entries, the current tax liability is checked to insure a high probability that the information has been correctly entered. The counselor is then given a Pub 4491W exercise to independently prepare for reinforcement of the information just presented. Experienced counselors must be on standby to answer any questions.

Instructor presents the following training modules 00Admin, 01 Course Intro, 02 Screening Interviewing, 03 Filing Basic, 04 Filing Status and 06 Exemptions in conjunction with Pub 4491 Lessons 1-6 and Pub 4012.

Instructor projects TaxWise, has counselor bring up TaxWise and provides an introduction to the program.

Instructor enters Pub 4491W Dalhart or a comprehensive problem or Vanessa Franklin problem (from Pub 4491) Main Information Sheet with each counselor duplicating the inputs.

Instructor presents 08 Income Basics in conjunction with Pub 4491 Lesson 8 and Pub 4012.

Instructor enters Dalhart or a comprehensive problem or Vanessa Franklin problem (from Pub 4491) wages, interest and dividends with each counselors duplicating the inputs. Following entry of data the current tax liability is checked to determine accurate entry of data. Experienced counselors should help resolve any discrepancies BEFORE continuing to the next entries.

Instructor presents 09 Business Income in conjunction with Pub 4491 Lesson 9 and Pub 4012.

Instructor enters Dalhart or a comprehensive problem or Vanessa Franklin problem (from Pub 4491) business income/expenses with counselors duplicating the inputs. Following entry of data the current tax liability should be checked to determine accurate entry of data. Experienced counselors should help resolve any discrepancies BEFORE continuing to the next entries.

Counselors independently prepare Pub 4491W exercise Clark including Supplemental Exercise 3-1 for reinforcement of the learning process. Counselors should check answers when completed and ask for help if there is any discrepancy.

As time allows counselors should prepare Pub 4491W exercise Bates including Supplemental Exercise 1-1.

Instructor presents 10 Capital Gains in conjunction with Pub 4491 Lesson 10 and Pub 4012.

Instructor enters Dalhart or a comprehensive problem or Vanessa Franklin problem (from Pub 4491) capital gains with counselors duplicating the inputs. (See Note 1)

Counselors independently prepare Pub 4491W exercise Clark Supplemental Exercise 3-2. Counselors should check answers when completed and ask for help if there is any discrepancy.

Instructor presents 11 Retirement Income in conjunction with Pub 4491 Lesson 11 and Pub 4012.

Instructor enters Dalhart or a comprehensive problem or Vanessa Franklin problem (from Pub 4491) IRA and Pension 1099’s with counselors duplicating the inputs. (See note 1)

Counselors independently prepare Pub 4491W exercise Clark Supplemental Exercise 3-3 and 3-4. (See note 2)

Instructor presents 00 System Navigation.

Instructor presents 13 Unemployment Compensation, 14 Social Security, 15 Other Income and 17 Adjustments to Income in conjunction with Pub 4491 Lessons 13, 14, 15 and 17, and Pub 4012.

Instructor enters Dalhart or a comprehensive problem or Vanessa Franklin problem (from Pub 4491) Unemployment, Social Security, W2-G, Alimony and IRA Contributions with counselors duplicating the inputs. (See note 1)

Counselors independently prepare Pub 4491W exercise Clark supplemental Exercise 3-5. (See note 2)

Counselors independently prepare Pub 4491W exercise Sterling. (See note 2)

Instructor presents 19 Standard Deduction Tax Computation and 20 Itemized Deductions in conjunction with Pub 4491 Lessons 19 and 20, and Pub 4012.

Instructor enters Dalhart or a comprehensive problem or Vanessa Franklin problem (from Pub 4491) itemized deductions with counselors duplicating the input. (See note 1)

Counselors prepare Pub 4491W exercise McCook. (See note 2)

Instructor presents 23 Child and Dependent Care, 24 Education Credit, 26 Child Tax Credit, and 27 Miscellaneous Credits in conjunction with Pub 4491 Lessons 23, 24, 26 and 27, and Pub 4012.

Instructor enters Dalhart or a comprehensive problem or Vanessa Franklin problem (from Pub 4491) Credit for Child and Dependent Care and Education Credit with counselors duplicating the input. (See note 1)

Counselors prepare Pub 4491W Clark Supplemental Exercise 3-6. (See note 2)

Instructor presents 28 Other Taxes, 29 Payments and 30 EIC in conjunction with Pub 4491 Lessons 28, 29 and 30, and Pub 4012.

Instructor prepares Pub 4491W Exercise Parks with counselors duplicating the input. (See note 1)

Counselors prepare Pub 4491W Exercise Bennett. (See note 2)

As time allows counselors should prepare Pub 4491W Exercises Austin and Rosemont. (See note 2)

The more exercises that counselors can prepare, the better prepared they will be when they start the season. The training as outlined includes two comprehensive exercises and four independently prepared exercises with three additional exercises as time allows. Installation of TW07 on counselor computers (assuming the computer meets the minimum installation requirements) should be encouraged to allow preparing additional exercises outside of class. The new Practice Lab should also be encouraged if counselors have a high speed data link on their personal computers. Also consider loan of AARP/IRS computers where there is interest on the part of counselors (assuming that transmit capability in not enabled). All of the Intermediate exercises are available for practice outside of class.

Note 1 - Following entry of data, the current tax liability is checked to determine accurate entry of data. Experienced counselors should help resolve any discrepancies BEFORE continuing to the next entries.

Note 2 - Counselors should check answers when completed and ask for help if there is any discrepancy.

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