Policy document
Table of Content
OUTSOURCE LITE WORK FLOW ........................................................................................................................................................................... 3
OUTSOURCE LITE POLICY – TAX YEAR 2011 ...................................................................................................................................................... 5
REVIEW OF WORK DONE BY OUTSOURCE LITE PROCESS ........................................................................................................................... 35
Outsource Lite Policy 2011
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Outsource Lite Work Flow
1) When an engagement is submitted to SurePrep for Outsource Lite, the review option functionality provides an option to the user to
process the post verification wizards, either In-house or by SurePrep.
2) The post verification wizards start with Step 3 and ends with Step 7 as follows:
A) Step 3: Superseded wizard
B) Step 4: Child Form Association wizard
C) Step 5: Duplicate wizard
D) Step 6: New Form Review wizard
E) Step 7: Tax Exempt Interest wizard
3) The “Outsource Lite Only” section provides two sub-options, Yes & No.
4) Selecting “Yes” option will select all the wizards to be processed by SurePrep, except for the “Tax Exempt interest income wizard”.
A)
B)
C)
D)
E)
F)
Step 1: Verification Wizard
Step 2: SP Verification Wizard
Step 3: Superseded Documents
Step 4: Child Form Review Wizard
Step 5: Duplicate Wizard
Step 6: New Form Review Wizard
Outsource Lite Policy 2011
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5) If “No” option is selected, SurePrep will process the following wizards.
A) Step 1: Verification Wizard
B) Step 2: SP Verification Wizard
Note: If you select the “No” option, and if you have checked the boxes for any of the steps to skip it from the review process, it will not
appear at your end.
Outsource Lite Policy 2011
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Outsource Lite Policy – Tax Year 2011
1) Outsource Lite (OSL) is a service provided by SurePrep that processes source documents specified in this policy.
2) Specific procedures and standards are followed for OSL.
3) OSL identifies, analyzes and captures the following source document types:
A) IRS Forms:
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W-2: Wages
W-2G: Gambling Winnings
1099-B: Sale & Disposition of shares and securities
1099-INT: Interest
1099-DIV: Dividend
1099-C: Cancellation of Debt
1099-G: State/Local Income Tax Refund
1099-LTC: Long Term Care Benefits
1099-MISC: Miscellaneous Income
1099-OID: Original Issue Discount
1099-PATR: Patronage Dividends
1099-R: Retirement Income
1099-RRB
SSA-1099: Social Security Benefits
1099-Q: Payment from Qualified Education Programs
1099-SA: Distribution from an HSA, Archer MSA or Medicare advantage MSA
Schedule K-1 Form 1065: Partnership Income
Schedule K-1 Form 1120S: S Corporation Income
Schedule K-1 Form 1041: Trust Income
1098: Mortgage Interest Expense
1098-T: Tuition and Fees Expenses
1098-E: Student Loan Interest Expense
5498: Retirement contribution
MA 1099-HC: Individual Mandate – Massachusetts Health Care Coverage
Form CCC-1099G
Form CSA 1099R - Statement of Survivor Annuity paid
1065B
Outsource Lite Policy 2011
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xxviii) 1099-K
xxix) Form 5498-SA - Contribution from an HSA, Archer MSA or Medicare advantage MSA
xxx)
Resident State K-1s:
(a) CA
(b) IL
(c) MA
(d) NJ
(e) NY
(f) OH
(g) PA
(h) VT
(i) WI
(j) AL
(k) DC (1065)
(l) KY
(m) MS (1065)
(n) VA
(o) WV (1065,1120S)
xxxi) Nonresident State K-1s (except for GoSystem Tax RS):
(a) CA
(b) IL
(c) MA
(d) NJ
(e) NY
(f) OH
(g) PA
(h) VT
(i) WI
(j) AL
(k) DC (1065)
(l) KY
(m) MS (1065)
(n) VA
Outsource Lite Policy 2011
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(o)
WV (1065,1120S)
B) Organizer Pages:
i) Organizer pages for the following tax software:
(a)
GoSystem Tax RS
Following documents will be bookmarked as well as all the data will be captured from it:
1) Taxpayer Information
2) Dependent Information
3) Dividend Income - 1099-DIV
4) Brokerage Income - Consolidated 1099
5) Interest Income - 1099-INT
6) Miscellaneous Income
7) Schedule C - Profit or Loss from Business or Profession (Income)
8) Schedule C - Profit or Loss from Business or Profession (Expense)
9) Schedule C - Profit or Loss from Business or Profession (Depreciation)
10) Retirement Distributions
11) Rent and Royalty Income and Expense
12) Rent and Royalty Income and Expense (Depreciation)
13) Capital Gains and Losses
14) Farm Income and Expense (Income)
15) Farm Income and Expense (Expense)
16) Farm Income and Expense (Depreciation)
17) Farm Income Averaging
18) Adjustments to Income
19) Medical Expenses and Taxes
20) Noncash Charitable Contributions
21) Interest Expense
22) Charitable Contributions & Misc. Itemized Deductions
23) Moving Expenses and Storage Costs in Connection with Employment
24) Household Employment Taxes
25) Foreign Tax Credit
26) Credits - Elderly & Disabled/Education
27) Child and Dependent Care Expenses
Outsource Lite Policy 2011
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Credits - Residential Energy/Alternative Motor Vehicle
Employee Compensation and Withholding
Interest Income - Other
Payments of 2011 Federal, State & City Estimated Tax
Nonresident Alien
Taxpayer Information - Nonresident Alien
The following will only be bookmarked (i.e. no data will be captured):
1) Office-in-Home
2) Vacation Home and Other Rental Properties with Personal and Business Use
3) Office-in-Home, Vacation Home and Other Rental Properties with Personal and Business Use
4) Foreign Bank Account Information
5) Business Expense Schedule and Form 2106
6) Business Expense Schedule and Form 2106 - Vehicle Expenses
7) Business Expense Schedule and Form 2106 - Depreciation
8) Foreign Earned Income Compensation
9) Foreign Housing Expenses
10) Foreign Residence - General Information
11) Foreign Residence - General Information (Contd)
12) Foreign Travel Information
13) Installment Sales
14) Miscellaneous Questions
15) Schedule K-1: Partnerships, Estates and Trusts, S Corporations
16) State Organizers - AZ, CA, CO, CT, DC, GA, IA, IL, IN, MA, MD, MI, MO, MN, NC, NY, NJ, OH,
OK, PA, VA, WI.
(b)
ProSystem fx Tax
Following documents will be bookmarked as well as all the data will be captured from it:
1) Personal Information
2) Dependents and Wages
3) Direct Deposit & Withdrawal
4) Electronic Filing
5) Foreign Assets page 1
6) Foreign Assets page 2
Outsource Lite Policy 2011
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7) Interest Income
8) Interest Income and Foreign Information
9) Dividend Income
10) Dividend Income and Foreign Information
11) Business Income and Cost of Goods Sold
12) Consolidated Brokerage Statement Details
13) Consolidated Interest Income and Foreign Information
14) Consolidated Dividend Income and Foreign Information
15) Consolidated Sales of Stocks Securities, Capital Assets and Misc Income
16) Business Expenses & Property Equipment
17) Business Expenses - Vehicle and Other Listed Property
18) Business Expenses
19) Business Use of Home
20) Rental and Royalty Income and Expenses
21) Rental of Vacation Home
22) Rental & Royalty Business Expenses
23) Rental and Royalty Vehicle Other Listed Property
24) Sales of Stocks & Installment Sales
25) Sale of Your Home & Moving Expenses
26) IRA Pension Annuity and Retirement Plan Information
27) Farm Income
28) Farm Expenses and Property Equipment
29) Farm Vehicle and Other Listed Property
30) Farm Business Expenses
31) Farm Business Use of Home
32) Partnership & S Corporation Business Expenses
33) Passthrough Business Use of Home
34) Miscellaneous Income Adjustments and Alimony
35) Gambling Winnings
36) Itemized Deductions Medical and Taxes
37) Itemized Deductions Mortgage Interest and Points
38) Itemized Deductions Contributions
39) Itemized Deductions Miscellaneous
40) Employee Business Expenses
41) Employee Business Expenses-Business Use of Home
Outsource Lite Policy 2011
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42) Itemized Deduction Business Use of Home
43) Detail Depreciation
44) Federal State & City Tax Payments
45) Federal Tax Payments
46) State and City Tax Payments
47) Household Employment Taxes
48) Child Dependent Care Expenses & Education Expenses
49) Foreign Employment Info-Page1
50) Foreign Employment Info-Page2
51) Foreign Employment Info-Page3
52) Foreign Wages and Other Inc-Page1
53) Foreign Wages and Other Inc-Page2
54) Ministerial Income
The following will only be bookmarked (i.e. no data will be captured):
1) 2011 Tax Organizer
2) Foreign Housing Expenses Worksheet
3) Foreign Taxes
4) Foreign Travel and Workdays Information Worksheet
5) Foreign Wages and Other Income Worksheet
6) Gifts Made in Trust
7) Gifts Made Outright to an Individual
8) Partnership S Corporation Estate Trust
9) Questionnaire
10) Rental and Royalty Property & Depletion
11) Rental Business Use of Home
12) Topic Index
13) U.S. Series I Savings Bonds Purchase
14) Connecticut Information (Page2of2)
15) District of Columbia Information(Page3of4)
16) District of Columbia Information(Page4of4)
17) Iowa Information (Page2of2)
18) Louisiana Information(Page2of2)
19) New Hampshire Information (Page2of3)
20) New Hampshire Information (Page3of3)
Outsource Lite Policy 2011
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21) New York Information (Page2of2)
22) West Virginia Information (Page2of2)
(c)
Profx notebook – This is applicable only to ProSystem fx Tax software
Following documents will be bookmarked as well as all the data will be captured from it:
1) Personal Information
2) Dependent
3) Disability Information
4) Wages Information
5) Interest Income Information
6) Dividend Income Information
7) Principal Business or Profession
8) Business Expenses
9) Business Vehicle Information
10) Business Depreciation
11) Rental Income & Expenses
12) Rental Depreciation
13) Pensions & Annuities
14) Farm Income
15) Farm Expenses
16) Farm Depreciation
17) State Income Tax Refunds
18) Educator Expense for Items Used in the Classroom
19) Health Savings Account
20) IRA Contribution
21) Medical Expenses
22) Deductible Taxes
23) Home Mortgage Interest Paid
24) Investment Interest Expense
25) Employee Business Expenses
26) Name of Home Business
27) Child and Dependent Care Information
28) Household Employee
29) Foreign Work Information
Outsource Lite Policy 2011
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30) Foreign Work Information Page 2
31) Residential Energy Credits Information
32) Gambling Winnings
The following will only be bookmarked (i.e. no data will be captured):
1) 2011 Tax Notebook
2) Foreign Tax
3) Interview Setup
4) Partnership K-1 Information
5) Prior Year Installment Sale Information
(d)
Lacerte Tax
Following documents will be bookmarked as well as all the data will be captured from it:
1) Client Information
2) Client Information1 - US
3) Client Information1 - AR, CA, NY, NJ, DE, SC, HI, IA, IN, KS, KY, LA, MD, MI, MO, MS, NC,
ND, NE, NH, OH, OR, PA, RI, TN, UT, VA, VT, WI, WV, MN
4) Direct Deposit & Estimates (Form 1040 ES) - US
5) Direct Deposit & Estimates(Form 1040 ES) - NY, ME, NJ, SC, VA, IA, MD, LA, CA, AL, AR, AZ,
CO, CT, DC, DE, GA, HI, ID, IL, IN, KS, KY, MA , MI, MN, MO, MS, MT, NC, ND, NE, NM, OH,
OK, OR, PA, RI, UT, VT, WI, WV, NH, TN
6) Direct Deposit & Estimates (Form 1040 ES) PG2 - US
7) Direct Deposit & Estimates (Form 1040 ES) PG2 - OH, OR, NY
8) Wages, Pensions, Gambling Winnings - US
9) Wages, Pensions, Gambling Winnings - CA, MO, NJ, NY, OR, OH
10) Interest & Dividend Income - US
11) Interest & Dividend Income - MA, OK
12) Miscellaneous Income
13) Miscellaneous Income (Contd)
14) State & Local Tax Refunds/Unemployment Compensation
15) Education Distributions (ESA's and QTP's)
16) Business Income (Schedule C)1 - US
17) Business Income (Schedule C)1 - US (Contd)
Outsource Lite Policy 2011
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Outsource Lite Policy 2011
Business Income (Schedule C)1 - CA
Business Income (Schedule C)2 - US
Business Income (Schedule C)2 - DC, NY
Business Income (Schedule C)3 - US
Business Income (Schedule C)3 - NY
Capital Gains & Losses (schedule D)
Installment Sales (Form 6252)
Sale of Home & Moving Expenses
Rental & Royalty Income (Schedule E)1 - US
Rental & Royalty Income (Schedule E)1 - US (Contd)
Rental & Royalty Income (Schedule E)1 - CA
Rental & Royalty Income (Schedule E)2 - US
Rental & Royalty Income (Schedule E)2 - US (Contd)
Rental & Royalty Income (Schedule E)2 - DC
Rental & Royalty Income (Schedule E)3 - US
Rental & Royalty Income (Schedule E)3 - NY
Rental & Royalty Income (Schedule E)3 - DC
Farm Income (Schedule F/Farm 4835)1 - US
Farm Income (Schedule F/Form 4835)1 - US (Contd)
Farm Income (Schedule F/Farm 4835)1 - CA
Farm Income (Schedule F/Farm 4835)2
Asset Disposition List
Asset Acquisition List
Vehicle Expenses
Adjustments to Income
Itemized Deductions1 - US
Itemized Deductions1 - US (Contd)
Itemized Deductions1 - AL, FL, IA
Itemized Deductions2 - US
Itemized Deductions2 - US (Contd)
Itemized Deductions2 - AL, AR
Itemized Deductions3 - US
Itemized Deductions3 - AL, AR, CA, Hi, KY, MT,
Itemized Deductions4 - US
Itemized Deductions4 - AR, CA, HI, AL, KY, MO, MT
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Itemized Deductions5 – US
Itemized Deductions5 US(Contd)
Noncash Contributions (Form 8283)
Business Use of Home (Form 8829)
Business Use of Home (Form 8829) (Contd)
Employee/Vehicle Bus.Exp.(Form 2106)
Vehicle Expenses (Form 2106)
Child and Dependent Care Expenses (Form 2441) - US
Child and Dependent Care Expenses (Form 2441) – CA, HI, OR, ME
Qualified Adoption Expenses (Form 8839)
Education Credits / Tuition Deduction - US
Education Credits / Tuition Deduction - KY
Household Employment Taxes (Schedule H)
Parent's Election to Report Child's Inc
Parent's Election to Report Child's Inc (Contd)
Foreign Income Exclusion (Form 2555)
Foreign Income Exclusion (Form 2555)1
Foreign Income Exclusion (Form 2555)2
Health Savings Accounts (8889)
Tax Organizer
The following will only be bookmarked (i.e. no data will be captured):
1) Dependents - US
2) Dependents - AR, AZ, HI, IN, LA, MA, MT, OK, OR, PA, UT, VA, WI
3) Credit for Qualified Education Expenses (IL)
4) Estate or Trust and REMIC Information
5) Form 725 Single Member LLC (KY)
6) Health Care Information (Schedule HC) (MA)
7) Kentucky City 2011 Estimated Tax
8) Michigan City 2011 Estimated Tax
9) Michigan Homestead Credits
10) Miscellaneous Questions
11) Miscellaneous Questions (continued)
12) Montana Elderly Homeowner Renter Credit
13) NJ FAIR Rebate - Property Tax Deduction
Outsource Lite Policy 2011
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(e)
Ohio City 2011 Estimated Tax
Oregon Elderly Rental Assistance
Oregon Elderly Rental Assistance (Continued)
Other Credits
Partnership and S Corporation Information
Pennsylvania Cities Business Tax
Pennsylvania Cities Taxes
Property Tax Credit (CT)
Property Tax Credit (MO)
Property Tax Refund (MN)
Property Tax Relief Claim (RI)
Real Property Tax Credit (NY)
Renter's Deduction Information (IN)
Renter's Deduction Information (MA)
Additional Information.
California Use Tax
UltraTax
Following documents will be bookmarked as well as all the data will be captured from it:
1) Adoption Credit
2) Auto Worksheet
3) Casualty and Theft - Personal Use Properties (Current Year)
4) Charitable Contributions
5) Child and Dependent Care Expenses
6) Children's Interest Income
7) Contracts & Straddles - General Information
8) Credit For The Elderly or Disabled
9) Dividend Income
10) Electronic Filing
11) Employee Business Expenses (Vehicle Expenses)
12) Employee Business Expenses
13) Estimated Taxes
14) Farm Rental - General Information
15) Farm Expenses
Outsource Lite Policy 2011
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Outsource Lite Policy 2011
Farm Income - General Information
Farm Rental Expenses
Farm Passive and Other Carryover Information
Excess Farm Loss Limitation Information - Preparer Use Only
Foreign Tax Credit
Form 4797 and 6252 - General Information
Gambling Winnings
Home Mortgage Interest Subject To Limitations
Home Office General Information
Household Employment Tax
Interest Expenses
Interest Income
Keogh, SEP, SIMPLE Contributions
Schedule A - Medical and Dental Expenses
Miscellaneous Income
Moving Expenses
Noncash Contributions Exceeding $500
Other Adjustments
Other Income
Qualified Education Programs
Pension, Annuity, and IRA Distributions
Personal Information
Rent and Royalty Property - General Information
Rent and Royalty Properties - Vacation Home, Passive and Other Information
Residential Energy Credit
Sale of Principal Residence
Sales of Stocks Securities and Other Investment Property (Page 1)
Sales of Stocks Securities and Other Investment Property (Page 2)
Schedule C - Expenses
Schedule C - General Information
Seller Financed Mortgage Interest Income
Shareholders Undistributed Capital Gain
Social Security Tax on Unreported Tips
Student Loan Interest Paid
Tax for Children with Investment Income
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Traditional IRA
Wages and Salaries
2011 State Estimated Tax Payments
Casualty and Theft - Business/Income Producing Properties
Casualty and Theft - Personal Use Properties (Prior Year)
Medical and Dental Expenses (Lite)
Fuel Tax Credit (Page 3)
Foreign Earned Income Exclusion (Page 1)
Foreign Earned Income Exclusion (Page 2)
Fuel Tax Credit (Page 1)
Income from REMICs
Prior Year Casualty and Theft - Business/Income Producing Properties
Carryover Information - Preparer Use Only
Business Credit Carryover Information - Preparer Use Only
Personal Information (Lite)
Direct Deposit/Electronic Funds Withdrawal Information
Adjustments to Income - IRA Contributions (Lite)
Exclusion of Interest Income from Series EE or I U.S. Savings Bonds
Interest Income (Lite)
Foreign Tax Credit - AMT General Information
Fuel Tax Credit (Page 2)
Like-Kind Exchange General Information
Cancellation of Debt, Abandonment
Clergy, Minister, Religious Workers
First-Time Homebuyer Credit
Social Security, Tier 1 Railroad Benefits
Canadian Registered Retirement Plans
Medical and Health Savings Account Contributions
Health, Medical Savings Account Distributions
Contributions of Motor Vehicles, Boats & Airplanes
Client Contact Information
Report of Foreign Bank Accounts
Prior Year Installment Sale
The following will only be bookmarked (i.e. no data will be captured):
Outsource Lite Policy 2011
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Outsource Lite Policy 2011
Questionnaire
Client Organizer Topical Index
Salary and Wages (Lite)
Partnerships and S Corporations
Estates and Trusts
Depreciation - Asset List
Depreciation - Asset Acquisitions
Income Summary
Interest and Dividend Summary
Tax Return History
State Organizers – AL, AZ, AR, CA, CO, CN, DE, DC, GA, HI, ID, IA, IL, IN, KS, KY, LA, MA,
MD, ME, MI, MO, MN, MS, MT, NC, ND, NE, NH, NY, NJ, NM, OH, OK, OR, PA, RI, SC, TN,
UT, VA, VT, WI, WV.
Page 18 of 36
C) Brokerage Statements*:
i) Brokerage houses using unique format: Click this link to view further details in a tabular format
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
(k)
(l)
(m)
(n)
(o)
(p)
(q)
(r)
(s)
(t)
(u)
(v)
(w)
(x)
(y)
(z)
Ameritrade
Charles Schwab & Co., Inc
Citigroup Global Mkts Inc.
Edward Jones
Fidelity Distributors Corp.
First Clearing, LLC
Genworth Financial Trust Company
Goldman, Sachs & Co.
Ingalls And Snyder LLC
JPMorgan Chase Bank, N.A.
Lazard Capital Markets LLC
LPL Financial
Merrill Lynch
Morgan Stanley & Co. Incorporated
National Financial Services LLC
Pershing, LLC
Putnam Investments
RBC Capital Markets
Sanford C Bernstein & Co. LLC.
Southwest Securities Inc
Stephens Inc
Sterne Agee & Leach Inc.
UBS Swiss Financial Advisers AG
Vanguard
Vanguard Market Corporation
Wells Fargo Investments, LLC
Outsource Lite Policy 2011
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ii) Brokerage houses using common format: Click this link to view further details in a tabular format
(a) A.G.Edwards and other brokerages with same format:
1)
2)
A G Edwards
Wachovia Securities
(b) Etrade Financial LLC and other brokerages with same format:
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Barclays Capital Inc
BNP Paribas
E*Trade Clearing LLC
E-Trade Financial
J.P. Morgan Clearing Corp
Jefferies & Company, Inc
Neuberger Berman, LLC
Penson Financial Services
Piper Jaffray and Co.
R.F.Lafferty & Co., INC.
Ridge Clearing & Outsourcing
Stockcross Financial Services
William Blair & Co. LLC
(c) Etrade and other brokerages with same format:
1)
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4)
E-Trade
James W. Giddens, Lbi Trustee
Natl. Investor Services Corp
TD Ameritrade
(d) FifthThird Bank and other brokerages with same format:
1)
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3)
Outsource Lite Policy 2011
Acadia Trust, N.A.
Associated Trust Company
Atlantic Trust Company
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Outsource Lite Policy 2011
Bangor Savings Bank
Bank of Hawaii
Bank of Oklahoma
Bank of Texas, N.A
Banktrust
Bar Harbor Trust Services
Berkshire Bank
Boston Private Bank & Trust Co
Boston Trust & Inv. Mgmt Co.
Branch Banking & Trust Co
Cambridge Appleton Trust
Cambridge Trust Company
Capital Guardian Trust Company
Capital One, N.A
Chevy Chase Trust Company
Citibank Cash Management
Citibank, N.A.
City National Bank
Coastline Trust Company
Colorado State Bank & Trust, N.A.
Community Bank & Trust
Community Trust & Investment Company
Coral Gables Trust Company
Country Trust Bank
Cypress Trust Company
Day Pitney LLP
Deutsche Bank
Draper & Company
Eastern Bank
Encore Bank, National Association
Enterprise Bank And Trust Company
Evercore Trust Company N.A.
Evercore Wealth Management, LLC
Exeter Trust Company
Fifth Third Bank
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Outsource Lite Policy 2011
Finemark National Bank And Trust
First American Bank
First Business Trust Investments
First Financial Trust, N.A
First Hawai An Bank - Trust Division
First Niagara Bank
First Tennessee Bank
Gibraltar Private Bank & Trust
Grand Bank & Trust of Florida
Guardian Trust Company
H M Payson & Co
Haldor & Co
Harris Bank N.A
HSBC Bank
Huntington National Bank
Integra Bank
Intrust Bank, N.A.
Investment Trust Company
Johnson Bank
JPMorgan Chase Bank
Kanaly Trust Company
Key Private Bank
Keybank National Association
Ledyard National Bank
Legacy Private Trust Company
M&T Investment Group
Manufacturers
Marquette Asset Management
Marshall & Ilsley Trust Co, N.A
MB Financial Bank, N.A.
Mellon Trust of NY
Midwest Trust Company
Mitchell Sinkler & Starr
National Advisors Trust Company
National City Bank
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Outsource Lite Policy 2011
Northern Trust, NA
Old National Trust Company
One & Co
Pacific Capital Bank. N.A.
Park National Bank
Peapack - Gladstone Bank
Peoples United Bank
Petrologistics
Philadelphia Trust Company
Piscataqua Savings Bank
PNC Bank
Rockland Trust Company
Sabal Trust Company
Scaup & Co.
SEI Private Trust Company
Spinnaker Trust
State Street Bank & Trust Company
Stellarone Bank
Stock Yards Bank & Trust
Suntrust Bank
Synovus Trust Company, N.A.
TD Bank, NA
The Bank of New York Mellon
The First Company - Centier Bank
The Glenmede Trust Company, N.A
The Northern Trust Company
The Pennsylvania Trust Company
The Private Bank And Trust Company
The Security National Bank Of Sioux City
The Trust Company Of Oxford
The Trust Company Of Vermont
TIAA-Cref Trust Company
Tiedemann Trust company
Trust Company Of Illinois
Trust Point INC
Page 23 of 36
109)
110)
111)
112)
113)
114)
115)
116)
117)
118)
Outsource Lite Policy 2011
U.S. Bank
USAA Federal Savings Bank
Virginia National Bank
Wachovia Trust - NSG TAX
Walnut Street Securities
Washington Trust Bank
Washington Trust Company
Welch & Forbes
Whittier Trust company
Wilmington Trust Company
Page 24 of 36
(e) Grantor Letter with same format:
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
12)
13)
14)
15)
16)
17)
18)
19)
20)
21)
22)
23)
24)
25)
26)
27)
28)
29)
30)
31)
32)
33)
Outsource Lite Policy 2011
Atlantic Trust Company - Grantor Letter
Bangor Savings Bank - Grantor Letter
Bank of America, N.A. - Grantor Letter
Barhemco - Grantor Letter
Boston Trust & Inv. Mgmt Co. - Grantor Letter
Brown Investment Advisory - Grantor Letter
Capital Guardian Trust Company - Grantor Letter
Chembaco - Grantor Letter
Chittenden Bank - Grantor Letter
Citibank, N.A. - Grantor Letter
Citigroup Private Bank - Grantor Letter
Comerica Bank - Grantor Letter
Deutsche Bank Trust Co. America - Grantor Letter
Fidelity Investments - Grantor Letter
Fiduciary Trust Company - Grantor Letter
Frost National Bank - Grantor Letter
Grand Bank And Trust Of FL - Grantor Letter
Harris Bank Na - Grantor Letter
Hilliard Lyons Asset Management - Grantor Letter
JPMorgan Chase Bank - Grantor Letter
Keybank National Association - Grantor Letter
Lasalle Bank N.A - Grantor Letter
Maine Bank & Trust - Grantor Letter
Marshall & Ilsley Trust Company N.A. - Grantor Letter
Merrill Merchants Bank - Grantor Letter
National City Bank - Grantor Letter
Northern Trust, N.A. - Grantor Letter
PNC Bank, N.A. - Grantor Letter
RBS Citizens, N.A. - Grantor Letter
Regions Bank Trust Dept. - Grantor Letter
Ropes & Gray Llp Fiduciary Account - Grantor Letter
SEI Private Trust Company - Grantor Letter
State Street Bank & Trust Company - Grantor Letter
Page 25 of 36
34)
35)
36)
37)
38)
39)
40)
41)
42)
Suntrust Bank - Grantor Letter
The Glenmede Trust Company, N.A - Grantor Letter
The Haverford Trust Company - Grantor Letter
The Northern Trust Company - Grantor Letter
The Trust Company Of Oklahoma - Grantor Letter
U.S. Bank National Association - Grantor Letter
Wachovia Bank, N.A. - Grantor Letter
Wells Fargo Bank, N.A. - Grantor Letter
Whitax - Grantor Letter
(f) Janney Montgomery Scott and other brokerages with same format:
1)
Janney Montgomery Scott, LLC
(g) McDonald Investments and other brokerages with same format:
1)
2)
3)
D.A. Davidson & Co.
KeyBanc Capital Markets
McDonald Investments
(h) ML Sterns and other brokerages with same format:
1)
2)
FMS Bond
ML Stern & Co., LLC
(i) Options Express and other brokerages with same format:
1)
2)
3)
First United Bank And Trust
Options Express
Primevest Financial Service
(j) PNC and other brokerages with same format:
1)
Outsource Lite Policy 2011
Ameriprise Financial
Page 26 of 36
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
12)
13)
BB&T Capital Markets
Bergen Capital
Clearview Correspondent Services LLC
Ferris Baker Watts, Inc
H&R Block Financial Advisors
H.G. Wellington & Co. Inc
J.J.B. Hilliard, W.L. Lyons, Inc.
Legent Clearing, LLC
Mesirow Financial
PNC Investments
Scott & Stringfellow Inc
Wedbush Morgan Securities
(k) Raymonds and other brokerages with same format:
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
12)
13)
14)
15)
16)
17)
18)
19)
20)
Outsource Lite Policy 2011
American Enterprise
American Enterprise Investment Services Inc
Ameriprise Financial Center
BBVA Compass
Bessemer Trust
BNY Mellon, N.A.
Borel Private Bank and Trust Co.
Brokersxpress
Brown Brothers Harriman
Crews & Associates Inc
Crowell, Weedon & Co
Curian Capital
David Lerner Associates
Eagle Family Of Funds
First Republic Bank
First Trust Corp- Fiserv Trust Co.
Fiserv Securities, INC.
Foliofn Investments
ING Direct
Institutional Brokerage & Sales
Page 27 of 36
21)
22)
23)
24)
25)
26)
27)
28)
29)
30)
31)
32)
33)
34)
35)
36)
37)
M&I Capital Markets
Merchants National Bank
Morgan Keegan & Company, Inc
Northwestern Mutual
Northwestern Mutual Investment Services, LLC
Oppenheimer
OptionsXpress, Inc
Penson Financial Services Inc
Raymond James & Associates, Inc.
Resources Trust - Fiserv Trust
Richards Merrill & Perterson
Robert W. Baird & Co.
Scottrade, Inc
Sharebuilder Securities Corporation
USAA Investment Management Company
USBancorp Investments, Inc
Wulff, Hansen & Co.
(l) Scot Trade Inc and other brokerages with same format:
1)
2)
FMSBONDS, INC
Waters Parkerson & Co. Inc
(m) Stifel Nicolaus and other brokerages with same format:
1)
2)
3)
4)
5)
6)
Century Securities
Davenport & Company LLC
Huntleigh Securities
MF Global Inc
Stifel Nicolaus
WedBush
(n) US Trust and other brokerages with same format:
1)
Outsource Lite Policy 2011
Bank of America
Page 28 of 36
2)
3)
4)
5)
6)
7)
Bank Of America Private Wealth Management
Bank of New York
BNY Mellon Wealth Management
U.S. Trust
Wachovia Trust
Wells Fargo Bank, N.A
Note: If, the source document type is any consolidated brokerage statement, grantor trust Letter or Schedule K-1 and the
recipient Id # is an EIN (i.e. xx-xxxxxxx) that does not match the proforma’d SSN’s but the recipient name includes the
taxpayer or spouse’s last name, then delete the reference of recipient id # and capture all the relevant data from these
document types, or else select ‘Incorrect SSN’.
For any other type of documents the recipient id # should be selected as ‘Incorrect SSN’.
* Some issuers on the above list generate brokerage statements in numerous formats, not all of which are recognized by
SurePrep.
D) Government Forms (Output Forms)
i)
ii)
iii)
iv)
v)
Schedule H: Household Employment Taxes
Form 8283 Non Cash Contribution
Form 1040 page 1
Form 1040 page 2
Schedule A
E) Others
i) Cash Contributions Letters
4) Processing Standard:
A) All standard box numbers on IRS Forms, Brokerage Statements and the fields on Organizer Pages are captured. If data on a
source document matches data already entered in the tax software, OSL does not capture source document data again.
However, if the data does not match, OSL overwrites the data on export in the tax software to match the data on the source
document.
Outsource Lite Policy 2011
Page 29 of 36
B) OSL addresses source documents of the tax year for which the return is submitted. For e.g. source documents pertaining to
year 2011 only are captured for a 2011 tax return.
C) Payer’s details (i.e., address, EIN etc) are captured only for Forms W-2 and 1099-R. For Schedule K-1 only EIN is captured.
D) If the SSN number does not match with the Taxpayer, Spouse or Dependents then the source document will be bookmarked
under “Incorrect SSN” tab under “Unused” category and no data will be captured from the page.
The exceptions to this are:
i) GoSystem Tax RS:
(a)
(b)
(c)
(d)
1099-SA
1099-SSA
1098-T
5498
ii) ProSystem fx Tax:
(a)
(b)
(c)
(d)
1099-SA
1098-T
5498
OH Resident State K-1
iii) Lacerte Tax:
(a) 1099-SA
(b) 1099-SSA
(c) 5498
(d) 1099-C
(e) 1098-E
(f) 1099-MISC
(g) 1098-T
(h) OH Resident State K-1
iv) UltraTax:
(a) 1099-G
(b) 5498
(c) 1099-H
Outsource Lite Policy 2011
Page 30 of 36
E) OSL addresses only those documents that are submitted in the required orientation.
 Documents with a portrait view must be scanned right side up.
 Documents with a landscape view must be scanned right side up or with their left edge turned upwards.
5) Important points regarding some of the Brokerage Statements:
The following is the list of items that are captured for all the Brokerage Statements:
Note: If the consolidated statements are,
 not uploaded in the sequential order or
 uploaded in the reverse order
Then no data will be captured for such consolidated statements.
Brokerage houses using unique format
Brokerage
Statements
1099
INT
1099
DIV
1099
MISC
1099
OID
1099B
Summa
ry*
1099B
Details
*
Realized
Gain loss
Summary
*
Realized
Gain loss
Details*
Foreign
Dividend
Income
Investme
nt
Expenses
Margin
interest
Accrued
Interest
on Box1
Accrued
Interest
on Box3
Accrued
Interest
paid on Tax
exempt
interest
Tax
exempt
OID
Tax
exempt
OID
subj. to
AMT
Tax
Exempt
Interest
Details
Ameritrade
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Charles Schwab &
Co., Inc
Citigroup Global
Mkts Inc.
Edward Jones
Yes
Yes
N/A
N/A
Yes
Yes
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Fidelity Distributors
Corp
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
First Clearing, LLC
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Genworth Financial
Trust Company
Yes
Yes
Yes
N/A
Yes
N/A
Yes
Yes
Yes
Yes
N/A
N/A
N/A
N/A
N/A
N/A
Yes
Goldman Sachs And
Co.
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
Yes
N/A
N/A
Yes
Ingalls And Snyder
LLC
Yes
Yes
N/A
Yes
Yes
Yes
N/A
N/A
Yes
Yes
Yes
N/A
N/A
N/A
N/A
N/A
Yes
Yes
Yes
Yes
N/A
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Yes
Yes
Yes
N/A
Yes
Yes
Yes
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
Yes
LPL Financial
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Merrill Lynch
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Morgan Stanley &
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
JPMorgan Chase
Bank, N.A.
Lazard
Capital Markets
LLC
Outsource Lite Policy 2011
Page 31 of 36
Co. Incorporated
National Financial
Services LLC
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Pershing LLC
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Putnam Investment
N/A
Yes
N/A
N/A
Yes
Yes
Yes
Yes
Yes
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Yes
RBC Capital
Markets
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Sanford C Bernstein
& Co. LLC.
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
N/A
Yes
N/A
N/A
Southwest Securities
Inc
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
Yes
N/A
Yes
Yes
Yes
Yes
N/A
N/A
Yes
Stephens Inc
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
Yes
N/A
Yes
N/A
N/A
N/A
N/A
N/A
Yes
Sterne Agee &
Leach, Inc
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Yes
N/A
Yes
Yes
Yes
Yes
N/A
N/A
Yes
UBS Financial
Services Inc.
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Vanguard
Yes
Yes
N/A
N/A
N/A
Yes
N/A
Yes
Yes
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Yes
Vanguard Market
Corporation
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
Yes
Yes
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Wells Fargo
Investments LLC
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Outsource Lite Policy 2011
Page 32 of 36
Brokerage houses using common format
Brokerage
Statements
A G Edwards and
other brokerages
with same format
E-Trade Financial
and other brokerages
with same format
E-Trade and other
brokerages with
same format
Fifth Third Bank
and other brokerages
with same format
Grantor Letter and
other brokerages
with same format
Janney Montgomery
and other brokerages
with same format
McDonald
Investments and
other brokerages
with same format
ML Sterns and other
brokerages with
same format
Options Express and
other brokerages
with same format
PNC Investments
and other brokerages
with same format
Raymond James
Financial Services
and other brokerages
with same format
Scot Trade and other
brokerages with
same format
Stifel Nicolaus and
other brokerages
with same format
US Trust and other
brokerages with
same format
1099
INT
1099
DIV
1099
MISC
1099
OID
1099B
Summa
ry*
1099B
Details
*
Realized
Gain loss
Summary
*
Realized
Gain loss
Details*
Foreign
Dividend
Income
Investme
nt
Expenses
Margin
interest
Accrued
Interest
on Box1
Accrued
Interest
on Box3
Accrued
Interest
paid on Tax
exempt
interest
Tax
exempt
OID
Tax
exempt
OID
subj. to
AMT
Tax
Exempt
Interest
Details
Yes
Yes
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
N/A
Yes
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
Yes
Yes
Yes
Yes
N/A
Yes
Yes
N/A
N/A
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
Yes
N/A
Yes
Yes
N/A
Yes
Yes
Yes
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
N/A
N/A
N/A
Yes
Yes
Yes
Yes
N/A
Yes
N/A
Yes
Yes
Yes
Yes
N/A
N/A
N/A
N/A
N/A
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
Yes
Yes
Yes
N/A
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
Yes
Yes
Yes
N/A
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
Yes
Yes
Yes
N/A
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
Yes
Yes
Yes
N/A
Yes
Yes
Yes
N/A
N/A
Yes
Yes
Yes
N/A
N/A
N/A
N/A
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
N/A
Yes
N/A
No
* 1) Capital Gain transactions are captured in summary or detail based on the Schedule D Options set by the user.
a) If the number of transactions entered is “0”, then summary totals of short term and long term transactions will be captured.
b) If the number of transactions entered is greater than “0”, then individual transactions will be captured.
Outsource Lite Policy 2011
Page 33 of 36
If the number of transactions entered is greater than “0” AND the first sub-option (Enter summary information if no cost basis is available) is checked, then, summary of proceeds only will be captured.
If the number of transactions entered is greater than “0” AND the second sub-option (Combine multiple transactions for the same security within a brokerage account into a single transaction) is checked, then, the
multiple transactions for the same security will be combined into one transaction.
2) N/A – Does not appear on the document.
3) No – Currently not captured.
c)
d)
 For Lacerte Tax and UltraTax: If a brokerage statement is not covered in the above list then only the summary amounts
of 1099-INT, 1099-DIV, 1099-OID and 1099-B are captured.
 For ProSystem fx Tax and GoSystem Tax RS: If a brokerage statement is not covered in the above list then the
statement is bookmarked under Form ‘Consolidated 1099’ and only the summary amounts of 1099-INT, 1099-DIV,
1099-OID and 1099-B are captured under “Other Consolidated Statement”.
Outsource Lite Policy 2011
Page 34 of 36
Review of Work done by Outsource Lite Process
1) After completion of the steps of Review Wizard, the Review Tree tab in SurePrep Express Engagement indicates the work done on an
Outsource Lite engagement by SurePrep.
2) There will not be any unreviewed OCR fields, i.e. the number in parenthesis for review node “Unreviewed OCR Fields” shows “0”.
This implies all data captured by OCR are reviewed in Outsource Lite Process.
3) Additionally, all pages that are standard and captured by OCR will be reviewed and hence the review node “Unreviewed Pages by L1Preparer” will indicate ONLY that number in parenthesis that is relating to number of pages that are not captured by OCR (hence not
reviewed during Outsource Lite Process).
Outsource Lite Policy 2011
Page 35 of 36
Note: SurePrep will sign off as Level 1, only if the box for “For Outsource returns, SurePrep should sign off as Level 1” is
checked in the Sign off set up window of Admin functions (as shown above).
Outsource Lite Policy 2011
Page 36 of 36