Log In to TaxWise Online:
Open your browser and navigate to the TaxWise Online login page.
Enter your credentials to log in.
Start a New Return:
Click on the Tax Returns tab.
Select New Return.
Enter the primary Social Security number (SSN) for the tax return and press the Tab key. Re-enter the SSN to confirm.
Click Go to Tax Forms.
Complete the Main Information Sheet:
Fill out the Main Information Sheet, which includes essential details such as filing status and state information.
If applicable, enter the state abbreviation(s) in the State Information section.
Enter Income and Other Tax Forms:
Complete the necessary tax forms for the Federal return. Start with income statements such as W-2s, K-1s, 1099Gs, or 1099Rs. The information will carry over to the appropriate forms.
Ensure that you fill in state codes and amounts where applicable.
Review and Add Additional Forms:
If needed, you can add additional forms by clicking the Add a Form button above the forms tree.
Search for any specific forms you need and add them to the return.
Run Diagnostics:
Once all information is entered, click the Diagnostics button. This feature checks for inconsistencies and e-filing errors in the return.
Make any necessary corrections based on the diagnostics results.
Create the E-File:
If there are no e-filing errors, you can create the e-file at this point. This can also be done later if preferred.
Print the Return:
To download a tax draft, you can print the return. Click on the Print Return(s) button to generate the documents.
Ensure that you select the option to include the 1040, state return, and any client letters you wish to consolidate.
Save and Export:
After printing, you can save the return in your desired format (PDF, etc.) for your records or to send to your client.
Additional Tips
Make sure to review all forms for completeness and accuracy before finalizing the return.
Utilize the Vault feature to store any documents related to the client's return securely.