Adding Firm Information in KIS Desktop

Adding Firm Information

 

The objective of this article is to walk you through on how to add Firm Information.

  • Login to your Keep It Simple Desktop software.

  • Click on the SETUP tab at the top right corner.

  • Click on the FIRM icon on the left side of the screen, it is the second icon from the top.

  • Fill out all the information on the screen under FIRM ADDRESS INFORMATION and under FIRM INFORMATION.

  • Once you have entered all the information to the best of your knowledge, click on the blue button on the lower right corner labeled UPDATE.

by Jai Ramirez

Adding Firm Information in KIS Online

Adding Firm Information

 

The objective of this article is to walk you through on how to add Firm Information.

  • Login to your Keep It Simple Online software.

  • Click on the SETUP tab at the top right corner.

  • Click on the FIRM icon on the left side of the screen, it is the second icon from the top.

  • Fill out all the information on the screen under FIRM ADDRESS INFORMATION and under FIRM INFORMATION.

  • Once you have entered all the information to the best of your knowledge, click on the blue button on the lower right corner labeled SAVE CHANGES.

by Jai Ramirez

Adding EIN to Database

The objective of this article is to walk you through on how to add EIN (Employer Identification Number) to Database.

  • Login to your Keep It Simple Online software.

  • Click on the SETUP tab at the top right corner.

  • Click on the EIN DATABASE icon on the left side of the screen.

  • Fill out the information including Employer Name, EIN and Address.

  • Click the blue button labeled ADD.

by Jai Ramirez

How to add reports to the Quick Reports list on the Work In Progress Summary screen

How to add reports to the Quick Reports list on the Work In Progress Summary screen

 SUMMARY

This article demonstrates how to add reports to the Quick Reports list on the Work In Progress Summary screen.

MORE INFORMATION

To add reports to Quick Reports, follow these steps:

  • On the Utility menu, click Quick Report List.

  • Click the report you want to add to Quick Reports and then click Add.

  • Click OK.

by Jai Ramirez

How to add preparer notes to a return

How to add preparer notes to a return

 SUMMARY

This article demonstrates how to add preparer notes to a tax return.

MORE INFORMATION

Simple Tax 1040 allows you to attach a note to any data fields as you prepare a return.

Notes are generally used to record and track information important for a specific field, and there are no restrictions as to the type of information you can include. You may want to use a note to record the origin of an entry or to explain why you bookmarked a form or entry.

Notes are for your use only, and they do not transmit to the IRS when you file electronically. You cannot attach a single note to an entire form, nor can you attach more than one note to a single field.

To add a note to a return, follow these steps:

  • Click the field where you want to add the note.
  • On the Return menu and click Preparer Notes.

  • Click New.

  • Type the notes you want to add to the return.

  • Click Save.

by Jai Ramirez

How to enter a dependent that lives in Mexico or Canada

How to enter a dependent that lives in Mexico or Canada

 SUMMARY

This article demonstrates how to enter a dependent that lives in Mexico or Canada.

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Dependents that live in Mexico or Canada have special IRS treatment. In order for Simple Tax 1040 to correctly calculate the tax return they must be entered with a special code.

To enter a child as a dependent that lives in Mexico or Canada, follow these steps:

  • Click Client Data on the forms attached navigation pane.

  • In the Dependents section, enter the child’s first name, last name, birth date, SSN/ITIN and relationship.
  • In the Number of Months Dependent Lived With Taxpayer box, type MX for Mexico or CN for Canada.

by Jai Ramirez

How to add an asset to a tax return

How to add an asset to a tax return

 SUMMARY

This article demonstrates how to add an asset to a tax return.

MORE INFORMATION

To add an asset to a tax return, follow these steps:

  • Add or verify that the form to carry depreciation to exists on the tax return. For example, if you want the depreciation to appear on Schedule C, be sure you’ve added Schedule C to the tax return.
  • Press CTRL+N to open the All Forms & Schedules, Depreciation screen.

  • Double-click the business activity to open the Business Activity Asset window and click New Asset.

  • In the Description box, type a name for the asset. In the Date Placed in Service box, type the date the asset was placed in service. Select the appropriate Business Asset Class and click OK.

  • On the General tab, type the original cost or basis of the asset in the Original Cost or Basis box.
  • If the original cost or basis includes land, type the value of land in the Salvage Value box.
  • If claiming the Section 179 deduction, type the amount elected for the Section 179 deduction in the Sec 179 Expense box.

  • If the asset has prior year depreciation amounts, click the Depreciation tab and type the prior year depreciation in the Adjusted Depreciation box.

 

 

by Jai Ramirez

How to add a state return to an existing federal return

How to add a state return to an existing federal return

 SUMMARY

This article demonstrates how to add a state tax return to an existing federal tax return.

 MORE INFORMATION

 To add a state return, follow these steps:

  • If you haven’t done so already, install the state you want to add to the return.
  • Open the appropriate tax return.
  • Click the Add Form button, or press Ctrl+S on your keyboard.

  • On the States tab, click the state you want to add in the Available States list. (Example: California)

  • Double-click the state main form you want to add to the tax return. (Example: California)

by Jai Ramirez

How to manually add ERO information in the EF Originators database in Simple Tax 1040

 SUMMARY

 This article demonstrates how to manually configure information stored in the EF Originators database in Simple Tax 1040.

 MORE INFORMATION

13 STEPS

1. Once you are logged in to the Simple TAX 1040 Software, you will see the Software Setup Wizard. Click ERO

Step 1 image

2. Enter your EFIN in the ERO's EFIN box and Click Add

Step 2 image

3. Enter the ERO's Name

Step 3 image

4. Enter the Firm's Address

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5. Enter the City

Step 5 image

6. Enter the State

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7. Enter the Zip Code

Step 7 image

8. Enter the Office Phone Number

Step 8 image

9. Enter your Cell Phone Number

Step 9 image

10. Select Cell Phone Carrier from the drop down menu.

Step 10 image

11. Enter a 5 digit PIN

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12. Click Save

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13. Click Close

Step 13 image

Here's an interactive tutorial

https://www.iorad.com/player/1691108/Software-Setup-Wizard-for-ERO-Setup

The EF Originators database stores Electronic Return Originator (ERO) information. The program will use this information to populate Part III of Form 8879: Declaration of Return Originator and ERO information on any state electronic declaration form.

To ADD new information to the EF Originators Database, follow these steps:

  • Click the Database menu and then click EF Originators. The EF Originators window will open.

  • Type the new EFIN in the ERO’s EFIN field and then click the Add button.

  • The Electronic Return Originator window will open.

  • If the ERO is self-employed, select the Self-Employed checkbox.
  • Type the Personal Tax Identification Number (PTIN) in the SSN/PTIN field. The information entered here will print on the bottom of Form 8879.
  • In the EIN field, type the Employer Identification Number.
  • Type the ERO’s name, address, and office phone number associated with the EFIN in the appropriate fields.
  • Type the ERO's Cell Phone Number and select the Cell Phone Carrier from the drop down box.
  •  In the PIN field, type a Personal Identification Number. The PIN is a five-digit number created by the ERO. The PIN entered here will populate the ERO/Paid Preparer PIN field on Form 8879.
  • Click the Capture Signature button to capture the ERO's signature with your signature pad or mouse.
  • Click Remote Sign to sign remotely via cell phone or email to set up Remote Signature Feature.
  • Once you have completed entering information, click Save to add the information to the database.

 

  • To EDIT information in the Employers/Payers Database, follow these steps:
  • Click the Database menu and then click EF Originators.

  • The EF Originators window will open. Under ERO Name, click the ERO you want to edit and then click Edit.

  • Once you have finished editing the ERO information, click Save.

 

  • To DELETE information stored in the Employers/Payers Database, follow these steps:
  • Click the Database menu and then click EF Originators.

  • The EF Originators window will open. Under ERO Name, click the ERO you want to delete and then click Delete.

  • Click Delete in the Database Delete window to confirm that you want to delete the ERO.

by Jai Ramirez