2010 H&R Block at Home Lab Instructions, Whittenburg & Altus-Buller

2010 H&R Block At Home Lab Instructions, Whittenburg & Altus-Buller

Ch. 1 Bayan

First you need to install H&R Block At Home - install Premium.

Open H&R Block 2010, and update it.

Select the Start a Return button.

From the menu, select Forms/Open Forms, and start by filling in a Background Worksheet, found under Form 1040. Only fill in the information you have, but you will need to enter a date of birth. Enter the occupation as a noun.

Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040.

Select Close Form, and then to try for the Making Work Pay credit, open a Schedule M, and in the Economic Recovery Payments section, select No for question a.

Close Forms Central, select the Federal tab, and then select Misc. SelectGoTofor Choosing Form 1040, 1040A, 1040EZ, and select Form 1040EZ.

Save the file by selecting File/Save from the menu.

Also save the tax return as a PDF file, so that you can look at the return outside of the software program.Select File/Save As PDF. The software will save two returns - one For Filing and one For Records. Review the Tax Return for Filing.

The software will not generate the Worksheet for Line 8, Making work pay credit, but you can display Schedule M.

Don't be afraid to explore the software - you can't hurt anything!

Ch. 1 Lazo

Open H&R Block 2010, and update it.

Select the Start a Return button.

From the menu, select Forms/Open Forms, and start by filling in a Background Worksheet, found under Form 1040. Only fill in the information you have, but you will need to enter dates of birth. Enter the occupations as nouns.

Select Close Form, and then fill in a Dependents Worksheet, found under Form 1040, for Lyle. Enter a date of birth for Lyle so that he was 18 in 2010.

Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for Leon.

Select Close Form, and then to try for the Making Work Pay credit, open a Schedule M, and in the Economic Recovery Payments section, select No for questions a and b.

Close Forms Central, select the Federal tab, and then select Misc. SelectGoTofor Choosing Form 1040, 1040A, 1040EZ, and select Form 1040A.

Save the file by selecting File/Save from the menu.

Then File/Save As PDF. The software will save two returns - one For Filing and one For Records. Review the Tax Return for Filing.

Ch. 1 Boxer

Open H&R Block 2010, and update it.

Select the Start a Return button.

From the menu, select Forms/Open Forms, and start by filling in a Background Worksheet, found under Form 1040. Only fill in the information you have, but you will need to enter a date of birth. Enter the occupation as a noun.

Select Close Form, and then fill out a Dependents Worksheet, found under Form 1040, for Helen. Enter a date of birth for Helen so that she was 18 in 2010.

Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040.

Select Close Form, and then to try for the Making Work Pay credit, open a Schedule M, and in the Economic Recovery Payments section, select No for question a.

Boxer has some interest income, so you need to fill out a Form 1099-INT/OID. Select Close Form, and open a Form 1099-INT/OID, found under Schedule B.

Close Forms Central, select the Federal tab, and then select Misc. SelectGoTofor Choosing Form 1040, 1040A, 1040EZ, and select Form 1040A.

Save the file by selecting File/Save from the menu.

Then File/Save As PDF. The software will save two returns - one For Filing and one For Records. Review the Tax Return for Filing.

Ch. 1 Incisor

Open H&R Block 2010, and update it.

Select the Start a Return button.

From the menu, select Forms/Open Forms, and start by filling in a Background Worksheet, found under Form 1040. Only fill in the information you have, but you will need to enter dates of birth. Enter the occupations as nouns.

Select Close Form, and then fill out a Dependents Worksheet, found under Form 1040, for Ira. Enter a date of birth for Ira so that he was 17 in 2010.

Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for Ivan.

Select Close Form, and then to try for the Making Work Pay credit, open a Schedule M, and in the Economic Recovery Payments section, select No for questions a and b.

The Incisors have some interest income, so you need to fill out a Form 1099-INT/OID. Select Close Form, and open a Form 1099-INT/OID, found under Schedule B.

Close Forms Central.

This will be a Form 1040, so you don't need to choose the Form - Form 1040 is the default.

Save the file by selecting File/Save As from the menu. Name the return Ivan Incisor Ch 1 2010 Tax Return.

Then File/Save As PDF. The software will save two returns - one For Filing and one For Records. Review the Tax Return for Filing.

Ch. 2 Hair

Open H&R Block 2010, and update it.

Select the Start a Return button.

From the menu, select Forms/Open Forms, and start by filling in a Background Worksheet, found under Form 1040. Only fill in the information you have, but you will need to enter dates of birth. Enter the occupations as nouns.

Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for each person.

Select Close Form, and then to try for the Making Work Pay credit, open a Schedule M, and in the Economic Recovery Payments section, select No for questions a and b.

The Hairs have some other types of income besides wages. You need to fill out a separate Form 1099-INT/OID for each interest amount, and a separate Form 1099-DIV for each dividend.

The interest from the City of St. Louis bonds is municipal, tax-exempt interest, so be sure to enter it in the right spot.

Fill out a Form 1099-G, found under Form 1040, for the unemployment compensation.

Close Forms Central, select the Federal tab, and then select Misc. SelectGoTofor Choosing Form 1040, 1040A, 1040EZ, and select Form 1040A.

Save the file by selecting File/Save from the menu.

Then File/Save As PDF. The software will save two returns - one For Filing and one For Records. Review the Tax Return for Filing.

The software will not generate a Qualified Dividends and Capital Gain Tax Worksheet as part of the return, but you can view it if you'd like–open a Dividends/Capital Gain Worksheet.

Ch. 2 Gomez

Open H&R Block 2010, and update it.

Select the Start a Return button.

From the menu, select Forms/Open Forms, and start by filling in a Background Worksheet, found under Form 1040. Only fill in the information you have, but you will need to enter dates of birth. Enter the occupations as nouns - look at their employers and be creative!

Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for each person.

Select Close Form, and then to try for the Making Work Pay credit, open a Schedule M, and in the Economic Recovery Payments section, select No for questions a and b.

Fill out a Form 1099-INT/OID for the interest income and a W-2G Worksheet for the lottery winnings.

To enter the alimony paid, open an Attachments Worksheet, found under Form 1040, and enter the information on Page 2.

Close Forms Central.

This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.

Save the file by selecting File/Save from the menu.

Then File/Save As PDF. The software will save two returns - one For Filing and one For Records. Review the Tax Return for Filing.

Ch. 2 Conch

Open H&R Block 2010, and update it.

Select the Start a Return button.

From the menu, select Forms/Open Forms, and start by filling in a Background Worksheet, found under Form 1040. Only fill in the information you have, but you will need to enter dates of birth. The address for Conch and Duval includes an apartment number - find the special spot for it. Enter the occupations as nouns - look at their employers and be creative!

Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for Carl.

Select Close Form, and then to try for the Making Work Pay credit, open a Schedule M, and in the Economic Recovery Payments section, select No for questions a and b.

Fill out a Form 1099-INT/OID for the interest income, and a Form 1099-DIV for the dividend income.

Fill out a Form 1099-G for the unemployment compensation, and a Form W-2G Worksheet for the raffle prize.

Close Forms Central.

This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.

Save the file by selecting File/Save from the menu.

Then File/Save As PDF. The software will save two returns - one For Filing and one For Records. Review the Tax Return for Filing.

Ch. 2 Incisor

Open H&R Block 2010, and update it.

From the menu, select File/Open Saved Return, and select Open for Ivan Incisor Ch 1 2010 Tax Return.

The Incisors have more interest income, so fill out a separate Form 1099-INT/OID for each interest amount. The interest from the Washington State bonds is municipal, tax-exempt interest, so be sure to enter it in the right spot.

Also fill out a separate Form 1099-DIV for each dividend.

Fill out a Form 1099-G for the unemployment compensation and a W-2G Worksheet for the gambling winnings.

To enter the alimony paid, open an Attachments Worksheet, found under Form 1040, and enter the information on Page 2.

Close Forms Central.

This will be a Form 1040, so you don't need to choose the Form - Form 1040 is the default.

Save the file by selecting File/Save As from the menu. Name the return Ivan Incisor Ch 2 2010 Tax Return.

Then File/Save As PDF. The software will save two returns - one For Filing and one For Records. Review the Tax Return for Filing.

The software will not generate a Qualified Dividends and Capital Gain Tax Worksheet as part of the return, but you can view it if you'd like–open a Schedule D, and see the Schedule D Tax Worksheet below line 22. The software will not generate a Schedule B because it is not required.

Ch. 3 Bunge

Open H&R Block 2010, and update it.

Select the Start a Return button.

From the menu, select Forms/Open Forms, and start by filling in a Background Worksheet, found under Form 1040. Only fill in the information you have, but you will need to enter dates of birth. The address includes an apartment number - find the special spot for it. Enter the occupations as nouns.

Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for Walter.

Select Close Form, and then to try for the Making Work Pay credit, open a Schedule M, and in the Economic Recovery Payments section, select No for questions a and b.

For Schedule C, open a Schedule C and at the top, select Self or Spouse, depending on whether you listed Rebecca as the taxpayer or as the spouse on the Background Information Worksheet. Enter a description for A.For B, choose Retail Stores and Dealers, and for Code, choose Book stores. For D, enter 99-9999999. For G, check yes. Check box 32a, 33a Cost and 34 No. Enter the information and amounts.

Forthe NOL, enter it as a negative number on the Attachments Worksheet, found under Form 1040, on the Mini-Worksheet for Line 16.

For Schedule E, open a Schedule E Rentals and Royalties Worksheet. In Part I, line 1a, enter the State, and for Kind of property, enter Ski Condo. Check the dwelling and second home boxes. In Part II, lines 1a and 1c, enter the days rented and the days of personal use, and the software will be able to allocate the expensesfor you. In Part IV, check box 4 for active participation. In Parts V and VI, enter the income and expenses in the first column.For interest, in Part VI, line 12a, right-click in the first amount column, select Override, check the Override box, enter 4,800 and select OK.Enter the Association Dues on line 19.

For Rebecca's loss on the loan to her friend,open a Capital Gains and Losses Worksheet, found under Schedule D. For a, enter Non-Business Bad Debt. For b, enter 1/1/2010, and for c, enter 12/31/2010. For d, enter 0, and for e, enter 20,000.

Fill out a W-2G Worksheet for the gambling winnings.

To disregard the Alternative Minimum Tax for now, open Form 1040 and right-click on line 45. Select Override, check the Override box, enter 0 and select OK.

Close Forms Central.

This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.

Save the file by selecting File/Save from the menu.

Then File/Save As PDF. The software will save two returns - one For Filing and one For Records. Review the Tax Return for Filing.

In addition to the tax forms in the text, the software will generate a Form 6251, a Form 8582, a Form 1040-V, and an Attachments Worksheet.

Ch. 3 Beeper

Open H&R Block 2010, and update it.

Select the Start a Return button.

From the menu, select Forms/Open Forms, and start by filling in a Background Worksheet, found under Form 1040. Only fill in the information you have, but you will need to enter a date of birth. The address includes an apartment number - find the special spot for it. Enter the occupation as a noun.

Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for George.

Select Close Form, and then to try for the Making Work Pay credit, open a Schedule M, and in the Economic Recovery Payments section, select No for question a.

Beeper has a rental, so open a Schedule E Rentals and Royalties Worksheet. For Part I, line 1a, enter the address, and for Kind of property, enterResidential Rental. Check the dwelling box. For Part II, line 1a, the days rented are 365. In Part IV, check box 4 for active participation. In Parts V and VI, enter the income and expenses in the first column.

For the rollover, open a 1099-R Worksheet, and enter 67,000 in box 1, and 0 in box 2a. In the Rollovers section, Part D Other Rollovers, check box 1.

Close Forms Central.

This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.

Save the file by selecting File/Save from the menu.

Then File/Save As PDF. The software will save two returns - one For Filing and one For Records. Review the Tax Return for Filing.

The software will not generate a Schedule M because Beeper doesn’t have a Making Work Pay credit.

Ch. 3 Pate

Open H&R Block 2010, and update it.

Select the Start a Return button.

From the menu, select Forms/Open Forms, and start by filling in a Background Worksheet, found under Form 1040. Only fill in the information you have, but you will need to enter a date of birth. Enter the occupation as a noun.

For the pension, open a 1099-R Worksheet, and enter 61,200 in box 1 and in box 2a. Enter the 7,350 federal income tax withheld in box 4.

Pate has a rental, so open a Schedule E Rentals and Royalties Worksheet. For Part I, line 1a, enter the address, and for Kind of property, enterResidential Rental. Check the dwelling box. For Part II, line 1a, the days rented are 365. In Part IV, check box 4 for active participation. In Parts V and VI, enter the income and expenses in the first column.

For the 401(k) distribution, open another 1099-R Worksheet, and enter 75,000 in box 1, and 25,000 in box 2a. (She only reinvested 50,000 of the 75,000 distribution.) Also enter the 15,000 federal income tax withheld in box 4, and in the Rollovers section, Part D Other Rollovers, enter the 50,000 that was rolled over on line 2.

Close Forms Central.

This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.

Save the file by selecting File/Save from the menu.

Then File/Save As PDF. The software will save two returns - one For Filing and one For Records. Review the Tax Return for Filing.

Ch. 3 Incisor

Open H&R Block 2010, and update it.

From the menu, select File/Open Saved Return, and select Open for Ivan Incisor Ch 2 2010 Tax Return.

The Incisors have a rental, so open a Schedule E Rentals and Royalties Worksheet. For Part I, line 1a, enter the address, and for Kind of property, enterRental Beach House. Check the dwelling box. For Part II, line 1a, the days rented are 365. In Part IV, check box 4 for active participation. In Parts V and VI, enter the income and expenses in the first column.

For the IRA contributions, open an IRA Contribution Worksheet, and for Part B, line 2, enter 5,000 for Ivan and 5,000 for Irene.