Keystone Tax Solutions Pro partners with several companies with additional services that you can offer your clients, for their benefit as well as yours, integrated within the tax return preparation process. If you have enrolled with any of these partners, you can indicate that here and enter the required information…

Form 1099-R – Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., is a source document that is sent to each person that receives a distribution of $10 or more from any profit-sharing or retirement plans, any individual retirement arrangements (IRAs), annuities, pensions, insurance contracts, survivor income benefit plans, permanent…

Printer Setup: Allows you to select which printer will be used for for printing tax returns and receipts. The list of printers is drawn from Windows, so if the printer you wish to use is not listed, add it in Windows, then return to this menu. Edit Individual Print Options:…

Keystone Tax Solutions Pro is configured to print on Avery #5160 labels.  You may also use an equivalent label that is three across and ten down the sheet. Labels may be printed as follows: Print Mailing Labels for All Clients: This option will print a mailing label for all clients…

To Enter Form 1099-R in Keystone Tax Solutions Pro, from the Main Menu of the tax return (Form 1040) select: IRA/Pension Distributions (1099R, RRB-1099-R) New (If the tax document is a RRB-1099-R, click here for the next steps.) Enter the Payer’s EIN from the Form 1099-R along with the Employer’s…

To access the Advanced Print Setup menu in Keystone Tax Solutions Pro, from the Main Menu select: Configuration Printer / Copies Setup Advanced Print Setup Create Form 1040-V on a Balance Due Return – If set to YES, Form 1040-V will always generate when there is a balance due on…

If the total of all interest and/or dividends received is less than $1500, do not file Schedule B with the tax return.  Enter the total amount of interest and dividends received in the input screen.  If no interest was received, press the < ENTER > key on your keyboard to…

Transmit Electronic Return(s) Receive Acknowledgements Only Print Reports Automatic Extension Application (Form 4868) E-File Utilities Bank Check Printing: If you are offering bank products, this line will be visible. Click this line to open your web browser connecting to your bank’s website.

State and Local Refunds – Form 1099-G A refund of state or local income tax paid may in total or part be considered income in the year that it is received, provided the taxpayer claimed the taxes paid as an itemized deduction on the prior year return.  The taxable amount…

This form was last Revised January, 2014 but is still current through tax year 2019. Form 8857 – Request for Innocent Spouse Relief When a joint tax return is filed, both the taxpayer and the spouse become both jointly and individually liable for any tax, interest, or penalties due on…