Important points for consideration conducting quality ...



Quality Review Checklist

A. Reviewing Return:

1. Taxpayer Identity section: Verify identity. Verify taxpayer's name and SSN using Social Security card. Verify with the taxpayer that date of birth and address are correct.

2. Spouse and Dependent Identity section: Verify spouse's and dependent's identities. Verify the name and SSN using Social Security cards. Verify with the taxpayer that date of birth is correct.

3. Filing Status: Have you asked all the questions to determine the correct filing status? Can the taxpayer be qualified for more preferable filling status?

4. Exemptions: Verify that the dependents claimed meet the tests to qualify and are entered correctly on the return.

5. Income: Verify that all income shown on source documents and noted in Section A, Part III, is included on the tax return as well that all numbers are correct. When looking over documentation, start with the W-2s. Make sure that the last two boxes are checked to allow for manual calculation. Verify that the amounts entered in are correct, the employer identification number is correct, the employers address was entered correctly, and employees address reflects what’s on the W-2s. For items such as Interest Income, Dividends, verify that the forms were correctly added and properly linked to supporting forms. For example, Interest Income is shown on 1040 Page 1 and is linked to schedule B, which is linked to another form. From there, verify that the correct amounts were entered and the payers information is correct.

6. Adjustments to Income: Verify that any adjustments to income are reported correctly and are supported by the taxpayer's documentation.

7. Standard, Additional, or Itemized Deductions: Verify that all information is correct and that support forms or documentation is present ( Sch A).

8. Credits: Verify that all appropriate credits have been reported correctly and that support forms or documentation is present.

8a. Non-refundable Credits:

-Credit for child and dependent care expenses (Form 2441):

▪ Qualifying person test

▪ Earned income test

▪ Work-related expense test

▪ Joint return test

▪ Provider identification test.( Verify the amounts, CIN (or SSN), name and address of the care provider (organization/individual) that provided the care).

-Education credits (Form 8863, eligibility, qualifying expenses, tax-free

educational assistance):

▪ The American opportunity credit and

▪ The Lifetime Learning credit

-Retirement saving contribution credit (Form 8880):

▪ Eligibility Requirements

-Child tax credit:

▪ Qualifying Child test

8b. Refundable Credits:

-Making work pay credit (Sch M):

▪ Economic Recovery Payment

-Earned income credit (Sch EIC):

▪ General eligibility rules for everyone

▪ Rules for taxpayers with one or more qualifying children

▪ Rules for taxpayers who do not have a qualifying child

▪ Advanced EIC

▪ Previously denied EIC

IMPORTANT: Do not forget to check whether the EIC WORKSHEET has been filled out correctly (Due Diligence Step). Otherwise taxpayer will not receive the correct amount of credit.

-Additional child tax credit (Form 8812)

-American opportunity credit

9. Withholding and Estimated Tax Payments: Verify that any withholding shown on Form(s) W-2 and other source documents have been included and are reported correctly.

10. Direct Deposit or Debit: Verify that checking or savings account and routing information match the supporting documents.

11. Site Identification Number (SIDN): Verify that the correct SIDN is shown on the return.

B. Signing Return:

A return is not considered to be valid, and refunds are not issued, unless the return is signed. Both spouses must sign and date a Married Filing Jointly return.

The Self-Select PIN allows taxpayers to electronically sign their e-file return by entering a five-digit PIN into the tax software. The PIN is any five numbers taxpayers choose to enter as their electronic signature. Volunteers may suggest taxpayers use their ZIP code. The number cannot be all zeros. Taxpayers do not need to register the PIN with the IRS before e-filing, nor contact the IRS to get one.

Advise taxpayers to record their Self-Select PIN so they can use it when e-filing next year. For Married Filing Jointly taxpayers, both spouses must be present if they choose the Self-Select PIN method.

C. Running Diagnostics:

After the electronic return has been signed, perform the following steps in the tax software:

-Run DIAGNOSTICS on the return and correct/edit as necessary

-Create the e-file

-Verify that the SIDN appears on the Main Information Sheet in

the tax software

-Sections A and B: Verify that Form 13614-C, Sections A

and B, are complete.

D. Printing Return:

- After quality review is completed, print and staple the return, do a visual review and then hand the printed copy to taxpayer.

- Print two copies of both forms 8879 and CA 8879.

-Have the taxpayers sign both copies of 8879 and CA 8879.

-Hand out one set of signed 8879 and CA 8879 to taxpayer.

-Retain the other set of 8879s in the folder along with the other

forms and documents used to prepare the return.

E. Clerical Step:

Place the tax folder with all information in an envelope. At the top right corner of the envelope, write Taxpayer’s Name (Last, First), Tax Year, Site Name (CSULA VITA), and QR’s Name (your name).

F. Concluding Step:

Inform Site manger that you are done and with Site Manger’s approval accompany taxpayer to the exit door.

................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download