When a house is foreclosed upon by the bank, the owners will typically receive Form 1099-A from the lender showing several pieces of relevant information.  The information on Form 1099-A will likely be needed to report the foreclosure properly on the tax return.  A foreclosure is treated as the sale of property,…

Schedule K-1 (Form 1065) is a source document that is prepared by a Partnership as part of the filing of their tax return (Form 1065). After filing Form 1065, each partner is provided a Schedule K-1 by the Partnership. The K-1 reflects a partner’s share of income, deductions, credits and…

Form Item and Box in Which It Should Appear Where To Report if Filing Form 1040 W-2 Wages, tips, other compensation (box 1) Allocated tips (box 8 ) Dependent care benefits (box 10) Adoption benefits (box 12, code T) Employer contributions to an Archer MSA (box 12, code R) Employer…

Keystone Tax Solutions will download Federal Individual updates as well as configured state updates automatically every day when the program is opened for the first time. All updates must be downloaded and installed on the File Server prior to updating workstation computers. The Update Manager is a module within the Keystone Tax Solutions…

Downloading and Installing Updates 2014 and all Later Year Programs Keystone Tax Solutions will download configured updates automatically every day upon initial start up (when the program is opened for the first time each day). To manually update federal and state programs, from the main menu of the program select: Updates Download/Install…

Windows 7, 8, 10 and Windows Vista will not allow Keystone Tax Solutions to install its updates unless it is run with administrative privileges.  This means that when Keystone Tax Solutions is started, Windows 7, 8 or Windows Vista basically logs out the current account and logs in with an Administrator…

Can I Use A Dial-Up Connection? Due to the large size of the Keystone Tax Solutions initial program installation and periodic Federal Updates, a dial-up connection is not a reliable way to download these items.  For this reason, we discourage the use of a dial-up connection when connecting to Keystone…

Keystone Tax Solutions will download configured updates automatically every day when the program is opened for the first time. All updates must be downloaded and installed on the File Server prior to updating workstation computers. To manually download and install federal and state programs, from the main menu of Keystone Tax Solutions…

In the Individual Program (Form 1040), there are certain states that do not allow Part Year Residents or Non-residents to e-File their state tax returns. The state requires these types of returns to be mailed.  If a state does not support the electronic filing of a particular return type, you…

Keystone Tax Solutions HIGHLY recommends the use of only ONE transmitting computer per EFIN. The Keystone Tax Solutions software is set up to look at a central focal point when processing transmissions and acknowledgements through our secure servers.  The information is located on the transmitting computer.  Altering or changing the…