Name: Intuit Lacerte: Preparing Additional Tax Types
Uploaded: 2025-12-11T18:31:05.061Z
Duration: 1 h 8 s
Description: Intuit Lacerte: Preparing Additional Tax Types

Transcript for "Intuit Lacerte: Preparing Additional Tax Types": Hello, everybody. Welcome to preparing additional tax types in Lacert. I am Randy Sorensen. You can read all about me over there. Basically, all you wanna know, I'm sure, is that I have been using Lacert since 1993, and, I think it's the best software out there. I say this every time I I do one of these webinars and, is that it is it's just complete. It's easy to use once you learn it. And, you know, it's always up to date. You know, how often things change, the second something changes, you know, and you had no server in there fixing it and updating it. And, it it has all the forms that we need. It is the best software. And I look at all the new ones that come out and all the ones that are promoting every year because they're always calling and just like, you know, they do you. But I will tell you that this is your best choice in my opinion. Alright. So just a little bit of housekeeping. Hopefully, if you don't hear us, you can see on the screen that, you need to stream this through your computer speakers. So, hopefully, you're reading that if you can't hear me, but you see my lips moving. We recommend using Chrome or Safari for the best experience. If you don't, sometimes you'll find that, it will lag and or you will lose sound or something. So we really do recommend using Chrome or Safari, and that you don't use a VPN ad blocker or a firewall. You can go into incognito mode in your browser if you wish. That will make sure that you get will be, you know, up with the webinar. You won't lose any noise any, sound or anything like that. At the end, there will be a short survey. We do ask that you please complete that because that helps me in knowing, you know, what I need to do better next time or, you know, am I speaking too fast? And I I know I always speak fast, but, you know, did we miss something? Did we go over something for too long? You know, whatever it is, we wanna know because we want these to be the best that they can be. So please do answer the survey. And I just really appreciate it. And, also, there is going to be a recording available of this. So if you're listening to this and you say, oh, I want someone in my staff to listen to it or I wanna listen to it again, you can use the link that you used originally to get into this, and then you'll be able to get a copy of it. We'll talk about the CPE related to that in a minute. Alright. So you will have poll questions. There's gonna be four of them. You need to answer three of the four. So I give you about a minute to answer it, but after that, then, I close it. And if you missed it, you missed it. So you need to get three or four in order to get your CPE or CE, which I'll pop more in detail about it because I said in a minute. But you'll see that the poll questions pop up, one on the bottom left and one on the top right. You can click on either of those, and you'll be able to answer the question by choosing the correct radio dial or the one that you wish to choose. Alright. So, basically, this is, this is our disclaimer, but, I only really go over the input in here. And, you know, there's a lot. I don't go into, trust laws or, you know, this is the form you have to fill out, you know, if you're doing this or that or I'm here to show you, what the input screens look like and where you can find a lot of the information. But, you know, with any like anything else, if you're, you know, a tax professional, you have to know what the tax laws are. You need to know what the tax returns supposed to look like. You know, if you have somebody inputting it, great. But when you're reviewing it, then, you know, you need to know these things. And that's not what I'm here to teach you today. I'm here to teach you how to use the cert for these additional type of tax returns today. And so, you know, that is our little disclaimer. I don't talk at all about, you know, the tax law and such. Alright. So CPE and CE credit, this is eligible for one CPE credit and and or one IRS CE credit. Now as you see, just what I mentioned, you have to answer three of the four polling questions. You also have to attend a minimum of fifty minutes. The, system knows if you leave, And so you want to make sure that you are, you know, in the in the webinar the entire time on your computer because you do need to have fifty minutes of time in order to get your CPE. The, as I said, only this live webinar is eligible for the CPE. If you're watching a copy of it, you're not gonna be getting that. But, you know, you can still watch copies of the copy of it as many times as you want. And then the certificate is going to be emailed to you usually within forty eight hours. Usually get it right away, but, you know, sometimes it's something could happen and it might take a little longer. But make sure that whatever email address you use to register for the webinar is the same email address you are looking for that certificate because that is where it's going. Alright. So this is what we're gonna cover. You can, you know, read I don't need to read it to you. You can see it on the screen. But before we get into that, I want to start with the first polling question. So the first question is, what is your primary reason for attending this webinar? To earn free DPE, to explore new solutions, to solve a problem or specific problem, general interest, education, or other. Now for me, you know, it I mean, I like to earn free CPE. And, before I go in the other ones, don't forget. Please choose the radio dial so we don't stay here too long. We have a lot of content, and I don't want you to miss any. But, again, you need to get three or four of these, so make sure you're checking or clicking the little, dial. Anyway but I always you know, we all have to get a lot of CPE, so why not get some for free? At the same time, you're looking at something that you might not have seen before and you know? Or you're having a problem working on, you know, specific form that we're covering today. So that's helpful. And then, of course, just general interest. You know? You wanna know more about the software. You wanna know more about maybe some of the forms that you don't use very often. So choose one of those. I'm gonna give you a countdown, so please make sure you if you haven't, that you do click the radio dial in five, four, a three, two, and 1. Alright. So what we're gonna do is we're gonna look first at the, ten forty one basic input and beneficiary distribution will be, you know, what we'll look at next. I'm just since we're here, you can see a little screenshot here. It looks like most of the other input screens. I mean, it's not different really other than, you know, you're putting, you know, an entity in there. You're putting, you know, the fiduciary information instead of the, you know, maybe the taxpayer, and then you're putting in your address and telephone. We do recommend that you, put in an email address that's so that you could use some of the features in those cert, such as emailing the client and also going to that esignature. It always annoyed me when I'm, you know, going to file a return or I'm sorry. Send it out for esignature, and I get, you know, through the process, and then all of a sudden, there's no email address in there. It drives me insane. So, you know, you wanna put it here. And then, of course, you need to put the fiduciary title in. So this is what's a little bit different than the normal, you know, first screens. Now this second one here is, we're gonna talk a little bit more in detail about this. So I think what I'm gonna do is I'm going to go into the search. Hang on a second. So it does take a few seconds for me to switch. I'm gonna stop sharing this, and then I'm going to go to screen. And I'm sure you want me to read out all the steps that I'm taking here right for you. I'm gonna click on this. I'm gonna click on share. There we go. Okay. You can see if I could find my mouse. You can see up at the top that I am in the, fiduciary, module. And you can see right here, simple trust. I'll just click on this one. And then on screen one and you can see this what I showed you on that other screen. You'll see that we don't have states in here, and that's because I'm using a demo data. And the demo data does not have states because, you know what, we're all in different states that have different laws and different rules and some conform to, you know, the IRS, some don't. So we don't talk about states in this webinar. So you can see here you're gonna put the entity name. You need to make it complete, you know, so as we know, some trust names are long. You have two lines for that. The ID number, just a little aside, did you see all this is all nine? When you are using sample data, you wanna put all nines in so that when you do get rep access, if you need to, then it doesn't cost you anything. If you have a real a numbers in here, or something that looks real, then you would have to, pay for rep access if you normally do. So make sure that, you know, all lines mix it so that you don't pay anything. Contact is important. Fiduciary information, address, and telephone. And then here, you know, again, this this really looks just like, a, 10:40 or so you know, and this is the +1 041. So we want to have, you know, paired by. But this one right here, this is the one that you need to make sure you look at, and this is the type of entity. Simple trust, complex trust, grantor trust, whatever it is, this is where you're gonna put it. And at some point, we're gonna talk about charitable trust and and, you know, some maybe some of the other things in here. So you want to know that this is where you go to put in what type of entity it is. And it's very important because it means that there's different forms that are required. So, that is that really important box on screen one. And then you can see that there's some state information. Most of it is grayed out because we're not dealing with state. Alright. I am checking with my notes as we go because I don't want to, miss anything. So give me, you know, just a second in between. We're gonna go to slide two, and this is more basic input. This is where we're gonna say if this is a short tax year, if there's depreciable items, the beginning fiscal year date, if it's shorter than 12, you're gonna put in, the fiduciary if there's a fiduciary names or address change. And, again, most importantly here and if it's the initial return, You wanna make sure that you mark that or if it's the final return, but you definitely need to mark if it's initial return. Just knowing the IRS's history, they'll we'll send you a letter saying we didn't get the return for last year if you don't check this box. So make sure that you do. And then, again, if anything's changed, you know, you wanna go through. This is something here that I always make sure I mark, because yeah. Well, most of the time, when you call the IRS, they'll ask for, you know, a POA no matter what, the power of attorney. Even if you say, but I marked on the tax return and allow prepare IRS discussion. You know, I think maybe once or twice, they said, oh, okay. And they'll talk to me. But usually, they want the power of attorney. But, anyway, I always mark this yes just in case I get a, agent that will actually speak with me because I have it marked. So excuse me. So you want to make sure that, as I said, that's marked. And just like any type of input, anything I'm doing in the cert, I'm always going through all the forms. I'm not familiar with it just to make sure that I'm not missing anything. You know, I just wanna make sure that everything's complete. And, you know, just because I only have a couple pieces of paper in front of me doesn't mean that maybe I'm not missing something. And so I wanna go through here and say, oh, wait. Did I need the other information? I better get it. So going through every page in here when you're learning how to, input something new is really important and what I suggest that you do. So let's go to Suite 6. Here is our beneficiary granter information. Of course, this is something that would be new to you if you're not familiar with, you know, inputting these type of or this trust or really any type of trust. You wanna put who the beneficiary is, all of their information, same as we would for, like, basically a, dependent. It looks pretty much the same. We wanna add, we click on add down here on the left or in the middle here or delete right here. So we need to make sure that we put in all of the beneficiaries. And, what I wanna point out is that you are going to have a handout. I didn't mention this. There's gonna be a handout that's in here or there is a handout that's in here. If you download it, you're going to see that the, PDF has different things that you can input as we go along. So while here, you see on the screen beneficiary name, in the handout, you're going to see that there's a Mary Smith and a James Smith, and it gives you, you know, this gives you the opportunity to go into your Lacert, input these this piece of information. And then in that handout, it's going to give you what the sample tax return should look like. So you can actually do an exercise. So definitely make sure you do, download that handout because I think it's pretty cool to be able to, you know, learn how to do the input, practice the input, and then see if you're successful. So make sure that you get that handout. It's really important because the information that's on there is different than what you see on the screen here, different names. There might be more than one beneficiary, etcetera, in that handout. So just make sure. Okay. So the next thing we're gonna look at is, the assets. Let's see here. I'm always forgetting where these are. I don't do a ton of these, honestly. I'm gonna be be truthful here with you, and, we'll come back to that. And, you know, this is you know, so I have to sort of look around sometimes. I agree over things are because it's not something I do on a regular basis. But, anyway, so here I wanna show you, this is after you put in the beneficiary and grantor, this is where we go for our distributions. I'm gonna come here. And you can see here, by the way, here's distribution percentages, and here's dollar distributions and also overrides. Because sometimes, you know, there's one something specific that we need to override because of the trust documents or whatever. So here's the, distributions by percentages. And you can see here, you can put in that the, beneficiary south, who who is the name of the beneficiary on here, you have gets a 100% of of the ordinary income, short term and long term, you know, gains. Just this is the you know, what's distributed to them needs to total. When you put everybody in, it needs to total a 100%. So you wanna make sure that if you have more than one, that this total here, right here, is a 100% same as here and here. So, but this is where you're gonna put in, you know, that distribution information, which is important because, otherwise, how does it know how to separate out everything? Here is some scheduled k one distribution options. Again, these are the things that you want to read through and say, oh, does this this apply to me when I am inputting this information? So let's move on to screen. And I just wanna point out here. So you you look at this screen, estimates, penalties, and interest, and extensions. I mean, that is exactly the same as in your ten forty. So here on, we have our our interest income and our dividend. And this is again, you wanna look at these because this is on the handout and it gives us the information. But here you can see that we're going to put in our information from our ten ninety nine I n t. Same as any other tax return. You wanna put in each entity. You wanna put in how much you've got. You wanna put in if there's tax exempt. And then you wanna scroll through and see let's let's choose one. Then you wanna scroll through and just see if there's anything else that you need. Hey. Was there foreign income that we needed to, put in here or foreign income tax withheld? We want the, you know, taxpayer information here. And so we want to just come in and complete. And it's gonna be here's your interest and here's your dividend. Again, same as your ten forty. We have different, screens here that we're not gonna look at because there's just so many. But, you know, common trust fund income, tax refunds, pension IRAs. There's, you know, all different kinds of fields that you can put information into. Now this is, a field that let's say, the, Mary Smith, who was on the, the the, beneficiary list, you know, you would have her name here, and she got a check for the decedent's payroll, the last payroll check. And, you know, you wanna add it in here, and you can come in here and put in what you got and how much you got. And, you know, if it's, income or corpus and, if there's, you know, it's tax only, not an accounting income. If it's stated different, you can put in an amount here. If there was a prior year amount, it would go up here. So this is, the ability to put in other income that doesn't fit into any of these categories here. And that's on the, handout. So I wanted to make sure to show you that. And then, and when you put this in, just so you know, it's gonna come up, you know, like, the interest and the dividends comes up just looks like again, from the $10.40, you you've got the, two a and then, you know, if it's a, qualified dividend and then the same thing with interest, you're gonna see that on the first two lines. So now let's go to what I was looking for before. Let's see. I already showed you that. I just wanna again, I'm checking my notes so I don't miss anything. Alright. In screen 31, Let's get to 31. It's here somewhere. There we go. Taxes and fees. So this is where you're gonna put in if there is any taxes or fees paid. You can see that there's fiduciary fees here, attorney and accountant fees. And so, you know, if you have any of these, this is the screen that you're going to use. If there was, you know, any kind of override for the fiduciary fees of, the $7.00 6 election, you would use this area in the bottom. But you can see, you know, just making sure that you know where to put in the taxes and fees. And then in the deductions, I mean, these are some of the deductions. But there's also that you can put in, you know, the other deductions. So you saw the other income. This is other deductions. You have the, miscellaneous deductions and NOL if you need to pass the law of limitations. So this is where all your deductions are going to go. Alright. And we're going to move on to, distributions. And so I wanna come in. And we know I'm moving sort of back and forth on here because I wanna show you where, different things would go. Here, it's on 7.3. And, you know, this is 7.17 point 27.3, is where we can put in the, overrides. And I wanted to show you. Do you wanna change 7.3? Yes. So the 7.3 is made up of made, you know, out of the, assets of the estate. And this is where we're gonna start putting, like, if there was an automobile or something like that, we're gonna, you know, start putting that in the distributions in here. And at this point in the handout, if you input all this, you're actually going to be able to see what the return looks like and what the k one looks like. So that is, I think pretty cool because as I said, you can practice and get the answers and see what the tax return is gonna look like. So now if we were gonna be doing a, grantor trust and a split interest trust, we would again, you know, screen one. I'm just gonna screen here. There's screen one. Here's our screen two. Then we're gonna go to screen six. But the first thing I wanted to do, which which I forgot is on screen one here. I want to put that it is a grantor trust. And where did we say we did that? Right here. I'm gonna put grantor trust, and that's gonna make a little bit of a difference. So here I'm gonna come. I'm gonna go to beneficiary grantor information. Again, I'm gonna be putting that in. I'm gonna go to my screen 10, and we haven't seen this one yet. So this is our, our granter, percentages. So So we put in to, you know, all the grantors and what percentages they get here. So this is a little bit of a difference to me. And then the thing that you want to put in is let's see here. It is not popping up here. Let me see if I go to forms. Hold on one second here. There is in forms. Let's see if I can get in it because we have access. Look at that. It did. Right up here. Okay. If you see right at the top is this little drop down, and it will have different options in this drop down. And you're gonna wanna use this to, you know, right now, we're on beneficiary south and that's the beneficiary, but you're gonna wanna look here and see, okay. Who do I need to fill this out for? Who is it, you know, who is this for? And, you know, you can see here that there's, you know, the 10 this is on the basic ten forty one form. So you need to make sure that you do come and check this box. So now I'm gonna go back to detail. And, so if we were doing, a charitable remainder unit trust, we would go again to the bottom of screen one and put in that it is a charitable trust right there. And then you see now I can put in type of charitable trust, the next line. When I had it as a grantor trust, it's grayed out. But when I click on the charitable trust, it says, oh, okay. What kind of charitable trust? And so in this case, let's use the, remainder unit trust, and then we would just, use using the drop down, put that in here. But as you see, it's really important that we fill out that type of entity because if we don't put it in correctly, we don't get the rest of the information we might need. So let's skip over to, 49, and this is the balance sheet. And this is where we would put in our assets and liabilities. But I wanna show this to you. Okay. So the first thing that you want to have is your fair market value. And the fair market value is not something that you just make up. You know, if there's cash, you obviously know exactly what the cash is. But if there is other assets, you're gonna need to know what those assets true fair market value is at this point. You also will then put in the beginning asset value. And if this is your first return, you'll have, you know, what it was in the beginning, basically, and the ending will be the same if it's, you know, within the same few days. But if it's beginning of the year to the end of the year, they're gonna be different. And then, again, that their market value has to be in there. So from here, we will go back to screen eight. And this is where we're going to say where the, the trust dollars are going to be distributed to and how much they're going to be getting. And so, you need to make sure that you fill this out. And we can do it by, percentage, or you can override and do it by amount. Up to you. Alright. The other things we wanna look at in the charitable remainder, annuity trust is screen 48.1. I think we need to look at nope. This is something we didn't look at. Okay. So if we want to get the form fifth, fifty two twenty seven, this is where we go to do that. And we will then go to, if we're gonna use this form where you need to go to part five, which is you can see on the left here, it says charitable remainder annuity trust. And then we want to, you know, fill in the information. What's the initial fair market value placed in the trust? That's something that's really important. That needs to go in here for this type of trust. And so we need to fill that out, and so you need to remember that you need to go to this screen and, put this information in. And then we, let's see. I'm gonna skip over some common questions if we have time. There's, pages of common questions that are answered in the handout. I have them here. If we have time at the end, I'll go back to them. If not, then, you have them in your handout. So I'm gonna move on to the form. Let's see. The did I use that? Hold on a second. Yeah. We're gonna go on to this form here. It keeps popping up. I can't get rid of that. Nope. I'm gonna make sure I have access. Now this is again a, sample or a a, demo data. Sometimes it works, sometimes it doesn't. And it is thinking. Okay. I just wanted to make sure I had access on it. Okay. So, the other thing you wanted me to look at I'm just trying to see if there's anything I missed. Hold on a few seconds. Nope. I think I got everything there. Okay. So on the oh, I know. The allocations. That's what I missed. So on page 30 input 34, let's go back to our details for this. On '34, we want to make sure that we have deductions allocation to tax exempt income. So if there is any tax exempt income, that is important. And then, we want to make sure that we put in the percentages. And why can't I find that screen? Hold on two seconds. I'm sorry. Oh, because I'm on the 5227. That's why. Let's get out of here. Alright. Mhmm. All of us struggle sometimes. Okay. So yeah. So 34 is something that you're gonna need to fill in. And then in screen 10, there we go, is where we can put in, the I think that I show you these different distributions. And then, hold on. I'm just going through again and making sure that I do not forget anything. Alright. And I already looked at these. I'm sorry. I'm just, yeah, maybe that one. Okay. You didn't miss anything. I'm I'm where I'm supposed to be. Penalties and interest. You know what that is. And let me go back. I wanna go back to page one and switch the type of trust we're on. That's what we are missing. We're just gonna go to a complex trust. Okay. And you I mean, if you see, like, if I switching around, I'm getting different information on the screen since that's why I'm sort of playing with it here. Alright. So, again, after you input all this information, then you're going to, be able to go in and put in, you know, this and then look at the copy of the day, tax return that you'll find in the handouts. So you wanna make sure that you do that. I just wanna make sure I have this. Yeah. This is awesome. Don't forget that, this k one distribution options. Alright. So I think let's see. We are going to go to client. The yeah. Didn't you forget? We didn't go to a state. That is where we're missing. Okay. I know I'm just missing a form. Here we go. So you can see that this has a lot left to fill in, but same thing as we have our, you know, decedent information. We want to, you know, make sure that we put the domicile at death. We want to then go in and put in our beneficiary information. And this is what I was looking for on the other one because I obviously was on the wrong, I was in the wrong form. But here is where we can put in the different diseases. And you see there's four here. And we're putting in, you know, all the same basic information, you know, with relation to the disease by trust or, you know, whatever it is in the trust documents. We need to make sure we put this in. And then we also want to go to representative information and fill this out and, you know, whatever whatever it is, attorney name, if that's who it is. If there's somebody else that is the executor, you wanna put that in here. You want to go to the, the executor name and make sure that that's in here. So all of this information needs to be on this form. This is the, form seven zero six. And then the other information that I was trying here's our this is what I was looking for before. It's our, schedule a is our real estate. So this is the gross estate. So this is gonna be where you're gonna put in everything that's that's in the estate, and you can see that you have a line for everything separately. So you're gonna put all of that in. And then you're going to, you know, if there's insurance, if there's jointly owned property, all of that. And then, again, those deductions are gonna go here. And if there was specifics, you know, bequest that's gonna go in here, there's your funeral expenses. So it's just a matter of coming in here and making sure that everything is completed in here. And then we have our credits and adjustments. If there's any, GST and gifts, we're going to put it in here or, like, generation skipping tax. Beneficiary allocations is going to be here. Now this is important because you can see here that we have the, son of the deceased and the daughter of the deceased. So these are the same that we saw on that initial page. But what we also have here is these different ratios. And we can say what each of these ratios are so that when we are allocating the items, we can say, okay. This item, is, you know, just the son of the decedent. They're the only ones who get it. And so we put that, you know, their name on that screen. And then if, it's, you know well, the ratio one, because we're gonna use that for four of them, and then we can put ratio one. So it is, something that we can, you know, that we can set up to make our input much easier. So that is what I was trying to find before that I couldn't find. And now I found it. Yay. Okay. And so this is I said, no. We don't want that process without state. Oh, this somebody wants to put state information in here. So this is our, seven zero six opposed to the other form that we were looking at. Okay. So let's go back up to clients. Let's go to tax type, and let's go to our guest. Let's make sure we have access on here. Okay. So this is our, you know, where we're gonna put in our generation skipping transfer tax as well as just our gift tax. And so we are going to go, you know, obviously, screen one and then screen two. Let me just go into it because you see there's a lot less in this gift form than there is in the other ones. So, you know, it's the same thing. We have to say, okay. What are we doing here? Are we gonna file a form seven zero nine? Is this gift splitting? You know, we're with this. Was the spouse married at the time? If the you know, yes or no. Here we have the ability to put in the spouse information and then just our information as usual. We also want to go to screen seven, which is the gifts. So this is where we're gonna put in what it is we're gifting. And, you know, we can choose who is getting you can see here, dummy number, who is the dummy that's getting this, this item and what the fair market value is of that item. So this is where you're going to be doing that for your gift returns. Alright. And then I am just turning the page so I can make sure, again, we don't miss anything. 9.1 is right here, and this is taxpayer gift from prior returns. You know why we need to put in the prior return information. So we, you know, have the accumulative of what we've given a individual, in a certain person or person. So we do need to fill this out. We want to fill out the generation skipping tax that we need to. You know, again, this is for those lifetime numbers. And then we can once we've done that based on the handout, then you're gonna get, to see what it looks like. And there seems to be a lot more pages on the, the return than there actually is input. I mean, you know, as I said, you don't see very much input here, but you get a very long tax return. So, we wanna make sure that we, do that. Alright. Let's see. I just wanna check how long we've been doing this. So we still have some amount of time left, which is good. I wanna show you the, 5,500 filing, but I feel like we should do another poll. So let me get to that poll. So I'm gonna stop sharing my screen now. You need to see a lovely picture of me while I go to poll two and share that. Alright. So you can see poll two. In the input of the charitable remainder unit trust, can you record, either the amount of percentage, the amount only, the percentage only? So I showed you, where, you know, you have the ability to input whatever it was that you were going to input. So can you do both or either or, or can you only do one or the other? So while you're answering that, I'm going to take a sip of my water. Okay. Now I feel that we should be done. So the answer, by the way, is a. And, I'm gonna count down. So I should got countdown because I just gave you the answer. So I'm gonna move on, and I'm gonna go to the next screen here. I'm gonna actually skip some of these and go to here. See. And share this. So this is 5,500. And then, I don't have the slide there. So, actually, never mind. I'm gonna go into this, stop sharing this and go into the screen. Click on the entire screen and go down to the search there. Alright. And then I'm gonna come up here, and I'm gonna go to tax type, and we're gonna go to benefit plan. So I'm not gonna show you a ton here. I'm just gonna show you a little bit of what this looks like. So let's say we're looking at a profit sharing plan. You know, again, very little to input in here, but, you know, it's a required form. And one of the things that, has to happen with the 5,500 is that it has to be submitted through the DOL electronic signature system, which is called eFAST. That's, you know, with the IRS. And so before the, you know, the electronic filing, the benefit plan, has to be submitted for review and, you know, get the signature on the eQuest. So if I go to let me I have to get access. Sorry. I get access on it, but then it takes it away. So it's not like I can get access, and then just keep it that way. That's something that you need to know on the, on the demo data. So it is something that I have to, constantly go, you know, back and forth from. And so from here, I can, you know, get it signed. I can come up here and go efile, and I can come to where is that request signature? Give me one moment. My signature It is not coming up. And this could be again because it's a demo data. But I so you do need to at this point, you'll have a little box that says signature status and request signature. And when you get that, that should be let's see. No. It should be here. E file. Let's see what happens here. Launch esignature. I see those from website. Let's see if we can get to it. Sometimes we can, sometimes we can't. So what this brings up, just so you can see, is it brings up this screen here that we need to fill in, and then it'll get us to the box that says, you know, request esignature, and then you get the approval to do the esignature. But I can't fill that in now, with my information. So that is what you do on the 5,500. And once you sign that, then you'll get the, an email will pop up that you can send to the client saying, you know, please efile this form. Just like when you're doing a regular esignature, it's just a little bit different type of form that's being sent. So, we don't if it doesn't don't wanna fill that in. But, in the handout, you will see what the screen will look like after you get to the what I just showed you and, you know, what information you need to put in there. And, you know, then you can look at the what the sample is supposed to look like on the return. You know? So, anyway, there is a PIN that you're gonna need to have. It's a four digit PIN that is no alpha characters and numbers only, so just know that when you're doing it. Okay. So let's go back to the webinar. I wanna go to the next try sharing this. I gotta stop sharing my screen. I gotta come here and share this one. Alright. So this is so teeny weeny. I can barely read it. But on a, gift return, what do we need to record? Do we need to record I don't even have to read it because it's so small. I can't see it. But you do want to know, you know, what it is that you need to record. I'm gonna give you a few seconds to, go ahead and answer that. And then what we're going to do is go backwards, and I'm gonna look at some of the frequently asked questions, basically. And we will, go through some of those because it looks like we still have some time. So while you guys are answering that, I'm going through and trying finding my page with all those questions on them. These are the common questions that are asked. And let's see. Okay. And this is mostly gonna be on the, common questions on the trust. Alright. So you go ahead. And now that you have finished and most of you have clicked on the, on this, I'm just going to well, this will just stop sharing. And then you just get to look at a picture of me. Aren't you lucky? Okay. So I'm gonna go through some of these because as I said, we do have time, and then I wanna talk about a few other little things also. But, so some of the common questions that come up on the form fifty two twenty seven is, you know, to enter the, item c amount on that form fifty two twenty seven page one is you're gonna go to the input screen 48.1, and then you have to answer the appropriate amount in fair market value of the asset at the year end, and I showed you that. That's really important and it's it's combining all of them. And, on the, you know, there is no, tax, computed on the form fifty two twenty seven just so you did, you know, you know that. You do not complete the schedule d part three. That is not completed for this. And then, no amounts on charity schedule k one. Charity do not receive a k one. So, again, just some basic information while I'm while I'm here. Alright. So the if you have a problem with the p 10 not printing on the, form nine ninety, it says that beginning in 2011, the IRS, that required the p 10 and then, that was before then. And then after, it was not required anymore. So, but you can indicate the organization as a forty nine forty seven, small, open parenthesis, small a, close parenthesis, open parenthesis, one, close parenthesis, trust. But, in there, you're going to go on screen one, and that's where, remember, that, type of trust, you're gonna need to mark nonexempt. And so you need to remember again, that's really important on that page one. And if you have no statements printing on the nine ninety, the most common answer for the question is that, the overrides will likely be on screen 18. So in other words, if you're not getting what you need, you can go to screen 18 and input the information there or on screen 34, 36, whichever one that's the balance sheet override, whichever one fits your needs. Alright. On the, nine ninety part 15, if that's incomplete, you wanna make sure that the, organization had $15,000 in assets during the year, and also verify the input on between 43.3. And, again, these notes are in that handout, so you don't have to be writing all these down. But on forty three point three is grants and allocations, and, we need to make sure that that is completed if you want the form nine ninety p f part 15. Okay. Let's see. If the 10 nine ninety t is incomplete, you gotta make sure that page four of the nine ninety, instructions, it says instructions state is part one. So if you're doing state, you need to make sure that. And line 13, column a is more than $10,000. So, that is if your nine ninety t is incomplete. Alright. If you're unable to generate schedule j of the nine ninety, then you need to go to screen 32, and put in whatever needs to be put in, like, let's say, advertising income. You would wanna put in the name of the periodical and, you know, income would be recorded on a consolidated basis or on a separate basis. You just need you to make that decision, and then that will help generate that form. Alright. Hold on. Let me see if we have any more. I think that's those are just some of the basics. So I'm gonna move on on the PowerPoint. So we're going to come back here and share. Going to, share here. And so why don't we talk about the, tool hub app a little bit? I know this is sort of off subject, but, this is you know, I sort of wanna end with a little bit more information and some helpful things. Let's see if I can get that open on my computer because there's times when you are working and it is 11:00 at night and you find a problem and something's not working in Lacert. Let's face it. It's a computer program. Things sometimes don't work. And then, we don't know what to do. And a few years ago, I think it's just two at this point, QuickBooks came out with this this tool hub that we can use. And I'm trying to find it on my computer. I know I have it. But, that we can use that, and it fixes all kinds of problems. So if there's instance you are not able to, hook up to the the per the client to the network, it's not working, then you can go into the tool hub and it will help fix that. If you can't print, it can help fix that. If you can't get a PDF, it can help fix that. There's so much that it can do that it is worth knowing about it. And note and when you download your, QuickBooks or QuickBooks, it will search, it actually automatically gets downloaded. So that's you know, it's gonna be on your computer. You just have to search for it. And then, you know, as I said, you can use that to do all kinds of repairs that, you know, normally, we would not even know what to do or how to do those. So something to be aware of. Unfortunately, I can't find it on my desktop. Let me try. I will search really quick here. I'm just gonna type in, and see if it comes up. Nope. Of course, it isn't going to today. But as I said, it downloads, so I know I have it on my computer. Oh, no. QuickBooks desktop. Nope. Can't find it. Okay. So, that is the, you know, one of the things, though, that I did want to mention to you. The other thing is the next thing is hold on. Let me go and switch the screen here. Oh, let's start off poll, and then we can just talk about, some of the, benefits and some of the things that are available to you. So this is basically asking, do you want to have somebody contact you to discuss Lacert, whether you wanna know what the pricing is or you wanna know, does it do this or, you know, can it do that? You know, can I host it on the cloud or whatever it is? If you click yes, then you're gonna have somebody contact you. If you click no, nobody will bother you. So, you know, go ahead and please mark which one of those. That is actually our poll four of four. So, make sure that you answered at least three and it you know, if you hadn't before, this is an opportunity to get one more marked. So alright. We are going to move on. Alright. So supporting community. So this is something that, is really been there for a really long time with Intuit. And, you know, they had help, you know, with with cert for a very long time. They've had help with QuickBooks for a really long time. And it's the ability to go in and to, you know, have assistance from other people that are doing what you are doing. So it, you know, we have the Intuit accountant support, and that is you know, you're able to get answers to not only product questions, but there is where you can get those answers to tax questions. You're asking actual accountants that, you know, are really familiar. It says I'm not sharing my screen. Look. I am now. Okay. Hopefully, it didn't miss much because I see that I wasn't sharing my screen for part of the time. Anyway, the so the into an account and support is amazing because, again, you get that tax help. There's the community, and here's where you can post your product and workflow recommendations. And this is, like I said earlier, paying it forward. You know, if you can help somebody else, if you say, you know, I just tried this new process and it's really working for me, then I would suggest that, you know, you put it in here for other people. Help you pay it forward, help them because, you know, it always comes back to us, doesn't it? And then, also, you know, in the community, you could connect with experts and tax professionals, that are like you. You can, you know, talk to talk to them, get inspired. Find out what they're doing, ask them questions. So there is a lot of resources available, you know, that are out there. If you are looking for more training and, you know, this was great and you wanted to get more training, then there is all kinds of, of different training things out there. I've recorded numerous ones on, you know, myself, but, you know, there's, corporate returns. And there is, you know, sort of like tips and tricks, and there are, you know, using what's the word I'm thinking of? I did yeah. So, additional even tax types and the cert and I have all these forms here because there's so many of these that I do. And there's, you know, so many that you can look at. And I make my staff watch them even though, you know, a lot of times they're really similar each year. But I think it's important that, you know, my staff learns the little tips and tricks. You know, we have one where we talk about how to get, you know, important export k one and how to import fixed assets and and, you can download institutions like, you know, Merrill Lynch's, statements and so that you don't have to sit there and type in every single sale and purchase that was made. It can do it just does so many different things, and you should know that. And and you don't intuitively know that when you look at Lacert that, oh, it does all these extra things. So it's important to, you know, look at these at these different webinars. You know, we do have some on state in state input. Just trying to think of the different ones that I've done. There's, you know, how to e file. There is, you know, the basic inputs of the ten forty. There's ones on, you know, inputting for corporations and LLCs. So there is so many different, webinars that you can go to. And not just on the search. You can look at and and I think this is helpful. You can go into the ones that are for the search, and then you can go into the ones that are for the other, Intuit products and look at the other two, tax products and see, you know, which one do you like better? I mean, they're very different. And so this gives you the ability to look at them and say, you know, well, I really like the way, you know, in Lacert that I can put in, you know, the ten forty one. And, you know, and then I go and look at one of the others and, oh, I can't you know, it's not the same. I don't like the input on this one or I love the input on this one. I'm not as crazy about Lizard as I thought I was. So, either way, you know, you it's there's just so many things to look at and so much to learn and so many opportunities to do that. You know, they always have, those live conferences, you know, that come up several times a year. So I'd be on the lookout for those. Those are fun, where you can go into, a lecture hall, virtually and, you know, listen to the speak speaker, and and then you can ask live questions. That's really awesome. And then, you know, there's always different tracks that you can go into or different, you know, different subjects that you can go into, and it's like being in a conference all day. There's a place where you can meet other people and, you know, room by room, just go through the whole day and, you know, it's like being out at a conference. You know, just put your phone on, do not disturb, and enjoy. So, as I said, I really recommend that if you haven't looked into all that Intuit and, you know, offers for tax prep, then you really should because, there's you know, they're very different. And yet at the same time, a lot of them are saying, you know, certain things are just always the same. So I want to thank you very much for attending today. I look forward to seeing you in another one of the webinars or maybe at one of those virtual conferences. Have a great rest of your day.