®
TaxWise
Tax Year 2015 Changes
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No Official List of Changes
● CCH has not provided an official list of
differences between 2014 and 2015
TaxWise
● These are the changes that the NTTC has
found
● There may be others
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NTTC Training – TY2015
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Technology
● Must use Tab button in Google Chrome
to move from field to field within return
● Run IE 11 in Compatibility View for Enter
key, calculator, buttons on W-2, etc. to
work – but first screen when opening
TaxWise is then:
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NTTC Training – TY2015
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Technology
● Ctrl + C now performs as Copy
Ctrl + V performs as Paste
● TaxWise Online 2013, 2014 and 2015
work with Windows 10 but still needs
Internet Explorer for browser
● Chrome works for creating or editing
templates
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NTTC Training – TY2015
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Activate Users
● All users can be activated or unactivated
with a single operation
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NTTC Training – TY2015
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New User Role
● Role of ReturnPrinter must be added for
any user who will be printing returns
(required to create the pdf)
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NTTC Training – TY2015
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Identity Theft Protection
● Identity theft PIN for dependents
● Driver’s license verification
● W-2 verification codes
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NTTC Training – TY2015
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Identity Theft PIN for Dependents
● Main Information Sheet
● Data carries over to Form 2441 for
dependent care credit
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Driver’s License Verification
● Main Information Sheet
● Optional this year unless required by
your state
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NTTC Training – TY2015
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W-2 Verification Code
● W-2
● Enter – but not included on all W-2s
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NTTC Training – TY2015
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Difficulty of Care Payments
● Worksheet 7
● Optional this year and not
included on all W-2s
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NTTC Training – TY2015
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Capital Gain Worksheet–
Holding Period for “Various”
● Short or Long Term determination now
based on 1099 Column, so “Various” can
be used with short term transactions.
● No over-ride needed
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ACA Worksheets
● ACA Worksheet has two pages and new
questions
● Affordability Worksheet added
● Marketplace Affordability Worksheet
added
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ACA Worksheet Page 1
“Yes” adds Form 8962 to the forms tree
“Yes” adds Form 8965 to the forms tree
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ACA Worksheet Page 1
• First button: No SRP
• Second button: SRP part of the year
For each person
whose exemption is
claimed on this return
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(must also mark which months)
• Third button: SRP for entire year
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ACA Worksheet Page 2
Bottom of 2014 ACA Worksheet is
on the bottom of Page 2 of 2015
ACA Worksheet.
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Affordability Worksheet
To bring up the new Affordability
Worksheet, add Aff Wkt
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Marketplace Affordability
Worksheet
To bring up the new Marketplace
Affordability Worksheet, add MCA Wkt
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Form 8965 Exemption 7a
● TaxWise auto checks 7a based on MAGI
on return

Includes dependents’ income entered on
ACA Wkt
● Does not auto-check 7b exemption!
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NTTC Training – TY2015
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Form 8965 Continuation Sheet
● If need more lines for exemptions:
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New Prep Use Field
● Are you or your spouse a Veteran from
the US Armed Forces?
● Answer YES or NO
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ABLE Distributions
● New input field on Wkt2 (should not be
needed – if taxable, return is OOS)
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More to Come?
● MyRA contribution

From all or part of tax refund
● More diagnostics for ACA and other
areas in January
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Identified Issues
● Foreign tax credit simplified limitation election only
applies when creditable foreign taxes are not more
than $300 or $600 if MFJ

TaxWise allows larger amount in top section of Form
1116

TWO instructions incorrectly state that only dividend
or interest foreign income is permitted for simplified
limitation election

TWO instructions incorrectly state that only foreign
taxes reported on Forms 1099-DIV or 1099-INT are
eligible for simplified limitation election
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Identified Issues
● SRP table error for March
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Identified Issues
● 1040 Wkt 7 Line 16 Medicaid Waiver
income offset correctly adjusts for EIC
and ACTC but doesn’t change earned
income on Form 2441 for CDC
● Form 8615 (kiddie tax) not activated
when there is filing requirement and has
incorrect value on Line 9
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Identified Issues
● Form 8962 Lines 5 and 7:
 TaxWise is using 2014 instructions and
rounding percentage on line 5
 Should

not be rounded for TY 2015
TaxWise is using 2014 table of applicable
figures on line 7
● Will be fixed before production starts
 Have requested earlier rectification
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Identified Issues
● 1040 Line 61 Full-year coverage box
incorrectly checked when exemption
form (8965) is used in return
● Only one Marketplace Affordability
Worksheet – may need more than one
● CCH training video on ACA MCA Wkt is
seriously flawed
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TaxWise Changes
Questions?
Comments…
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