2023 1040SCANverify policy - 1041 return

1040SCANverify policy for 1041 - workflow

Step 3: Superseded Documents
Step 4: Child Form Association
Step 5: Duplicate Data
Step 6: New Form Review
Step 7: Tax Exempt Income

The 1040SCANverify section provides two sub-options, SurePrep and In-house.

Selecting
SurePrep
will select all the wizards that SurePrep will process, except for the Tax Exempt Income wizard.

Step 1: Pre-Verification
Step 2: Verification
Step 3: Superseded Documents
Step 4: Child Form Association
Step 5: Duplicate Data
Step 6: New Form Review

If
Inhouse
is selected, SurePrep will process the following wizards

Step 1: Pre-Verification
Step 2: Verification

1040SCANverify policy - tax year 2023

Auto-verified (Native PDF) pages will not be reviewed by SurePrep during verification unless it appears for review. You can add SurePrep barcodes on pages that require special attention from SurePrep. Similar to documents that are auto-verified as native PDFs, supported non-native pages that are auto-verified (using Artificial Intelligence and Machine Learning) will not appear in the verification step by default.
Native PDF documents may appear in the verification step if a required identifier field is missing (SSN, name)
If any references are captured/adjusted on AV page, it will be billed as a standard document

SurePrep Include barcode automation- The information from the page will be captured regardless of the standard policy (Incorrect SSN, Prior Tax Year, etc.)
If the
Bookmark Only
barcode is identified on a page, SurePrep's OCR will automatically skip the document from the (Step 2) Verification Wizard
Verifiers will not see the document appear during verification. Document(s) with the
Bookmark Only
barcode may appear in the next Review Wizard step, if applicable (Child Form Association, New Form Review, etc).

For certain multi-page documents (Consolidated Statements, Schedule K-1, etc.), you only need to place the barcode once on any one of the pages from the set.

Some Consolidated Statements may have more than one account number in a single consolidated statement. When placing a barcode, you will need to place a barcode for each different account number.

Exclude Cover Letter Pages: Certain multi-page documents include a cover letter with little to no information connecting it to the rest of the multi-page document set. We recommend excluding Cover Letter pages for Schedule K-1s and the consolidated statement intro pages.

IRS Forms

W-2: Wages
W-2C: Corrected Wage and Tax Statement
W-2G: Gambling Winnings
W-3: Transmittal of Wages and Tax Statement
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-MISC: Miscellaneous Income
1099-OID: Original Issue Discount
1099-PATR: Patronage Dividends
1099-R: Retirement Income
Schedule K-1 Form 1065(Partnership Income) & Form 8865
Schedule K-1 Form 1120S: S Corporation Income
Schedule K-1 Form 1041: Trust Income
1098: Mortgage Interest Expense
Form 2439: Notice to Shareholder of Undistributed Long-Term Capital Gains
Form CCC-1099G
Form CSF 1099R - Statement of Survivor Annuity paid
1099-K
K-1 Cover Letter
K–1 Package
Schedule K-3 (Form 1116: Foreign Tax Credit information, Passive Foreign Investment Companies (PFICs for 2024 TY))
Form 8949 Sales and Other Dispositions of Capital Assets
Resident/Nonresident State K-1s* (Applicable to CCH Axcess Tax only)
AL
AR
AZ
CA
CO (1065/1120S)
CT (1065/1120S)
DC (1065)
GA (1065/1120S)
HI
IL
IN
KY
MA
MD
MN
MS
NC
NJ
NY
OH
PA
SC
VA
VT
WI
WV

1St Global Capital Corporation
1st Source Bank
Abbot Downing
Acadia Trust, N.A.
Acorns Securities LLC
Addison Gibson Foundation
Alaska Trust Company
Allen Trust Company
Alliant Securities Inc
Allstate Financial Services LLC
Amarillo
Amegy Bank N.A.
America Northcoast Securities
American Century Investment Services, Inc.
American Enterprise Investment Services Inc
American Portfolios Financial services Inc.
Ameriprise Certificate Company
Ameritas Investments Corp.
Ameritrade Clearing Inc.
Ameritrust Corporation
AMG National Trust Bank
Anawon Trust
Apex Clearing
Arlington Trust Company
Arvest Bank
Asset Mark Trust Company
Associated Trust Company
Atlantic Trust Company
AUSDAL Financial
AXA Advisors
B. Riley & Co. LLC
B.C.Ziegler and Company
Baker Boyer Bank
Bancorp South Bank
Bancwest Investment Services
Bangor Savings Bank
Bankedco & Co
Bank of America
Bank Of America Private Wealth Management
Bank Of Blue Valley
Bank of Hawaii
Bank of New York
Bank of Oklahoma
Bank Of Stockton
Bank of Texas, N.A
Bank of The West
Banktrust
Bar Harbor Trust Services
Barclays
Barclays Capital Inc
BB&T Capital Markets
BB&T Securities LLC
BBVA Compass
BBVA Compass Investment Solutions
Beacon Trust Company
Becu Trust Co
Benefit Trust Company
Benjamin F. Edwards & Co.
Bergen Capital
Berkshire Bank
Bernard Herolo & Co., Inc.
Bernardi Securities Inc
Bessemer Trust
Betterment Securities
Bison Financial Group
BMO Harris Bank N.A
BMO Harris Financial Advisors
BNP Paribas
BNY Mellon Wealth Management
BNY Mellon, N.A.
Borel Private Bank and Trust Co.
BOSS, INC. One Williams Center Plaza SE
Boston Private Bank & Trust Co.
Boston Trust & Inv. Mgmt Co.
Branch Banking & Trust Co
Bristol County Savings Bank
Broker Dealer Financial Services Corp
Brokersxpress
Brotherhood Bank & Trust
Brown Advisory
Brown Brothers Harriman
Brown, Lisle/Cummings, Inc
Burnham Securities
Busey Trust Company
C.L. King & Associates, Inc.
Cadaret Grant
Cadence Trust & Financial MGT
Cambridge Appleton Trust
Cambridge Investment Research
Cambridge Trust Company
Canandaigua National Bank
Cape Ann Savings Bank
Cape Cod Five Cents Savings Bank
Capital Bank & Trust
Capital Guardian Trust Company
Capital One Investing
Capital One, N.A
Captrust Financial Advisors
Carlyle GMS Finance, Inc.
Cary Street Partners
Capital One Share Builder
Centennial Securities Company Inc.
Central Pacific Bank
Central Trust & Investment Co
Century Securities
Cetera Advisors LLC
Cetera Investment Services LLC
Charles Schwab & Co., Inc
Charter One Investment Services
Charter Trust Company
Chase Investment Services Corp
Chesapeake Trust Company
Chevy Chase Trust Company
Citi Personal Wealth Management
Citibank Cash Management
Citibank, N.A.
Citicorp Trust, Na
Citigroup Global Mkts Inc.
Citizens Bank
Citizens Business Bank
Citizens Investment Services
City National Bank
City National Securities, Inc.
City Securities Corporation
Civista Bank
Clearview Correspondent Services LLC
CNB Bank
Coastline Trust Company
Coconut Grove Bank
Colorado State Bank & Trust, N.A.
Columbia Trust Company
Comerica Bank
Comerica Securities, Inc.
Commerce Bank
Commerce Brokerage Services, Inc.
Commonwealth Financial Network
Community Bank & Trust
Community Financial Services Group, LLC
Community Trust & Investment Company
Compass Bank
Constellation Trust Company
COR Clearing
Coral Gables Trust Company-Tax Worksheet
Countybank Trust Services
Country Club Bank
Country Club Trust Co.
Country Trust Bank
County Bank
Credit Suisse
Crews & Associates Inc.
Crowell, Weedon & Co.
Cuper & Co.
Curian Capital
Curian Clearing, LLC
Cypress Trust Company
D.A. Davidson & Co.
Davenport & Company LLC
David A. Noyes & Company
David Lerner Associates
Davidson Trust Company
Day Pitney LLP
Deutsche Bank
Deutsche Bank Securities Inc
Diversified Trust Company
Dorsey & Whitney Trust Company LLC
Draper & Company
DriveWealth, LLC
DST Market Services, LLC
Duncan-Williams, Inc
Dunham Trust Company
E*Trade Clearing LLC
E.K.Riley Investments, LLC
Eagle Family Of Funds
Eastern Bank
Edward Jones
Encore Bank, National Association
Enterprise Bank And Trust Company
Enterprise Trust & Investment Company
Euro Pacific Capital, Inc.
Evercore Trust Company N.A.
Evercore Wealth Management, LLC
Everence Trust Company
Evolve Bank And Trust
Exeter Trust Company
Farmers And Merchants Trust Company
Farmers Trust Company
Ferris Baker Watts, Inc
Fidelity Brokerage Services LLC
Fidelity Distributors Corp.
Fiduciary Trust Company Intl
Fifth Third Bank
Fifth Third Securities, Inc.
Financial west group
Finemark National Bank And Trust
First Allied
First American Bank
First American Trust, FSB
First Business Trust Investments
First Citizens Bank
First Clearing LLC
First Commonwealth Bank
First Financial Bank N.A.
First Financial Trust, N.A
First Hawaiian Bank – Trust Division
First Heartland Capital, Inc.
First Interstate Bank
First Management Co.
First Manhattan Co.
First Merchants Bank, NA
First Merchants Trust Company
First Midwest Securities Inc.
First National Bank Of Omaha
First National Bank & Trust
First National Capital Markets
First National Trust Co.
First Nebraska Trust Company
First Niagara Bank
First Partners Bank
First Republic Bank
First Republic Securities Company, LLC
First Southwest Company
First Tennessee Bank
First Trust Corp- Fiserv Trust Co.
Firstmerit Bank, N.A.
Firstrade Securities, Inc.
First United Bank & Trust
First Western Trust Bank
Fiserv Securities, INC.
FMS Bond
Foliofn Investments
Franklin Street Trust Company
Frost Bank Trustee
Frost Brokerage Services Inc
FSC Securities Corporation
FTB Advisors, Inc.
FTP Services LLC
Fulton Bank, NA
G.A. Repple & Company
Genesee Valley Trust Co
Genworth Financial Trust Company
George K. Baum & Company
German American Bancorp
Gibraltar Private Bank & Trust
Girard
Glens Falls National Bank & Trust
Golden Beneficial Securities
Goldman, Sachs & Co.
Goulstorrs And Co.
Grand Bank & Trust of Florida
GreenLeaf Trust
Guardian Trust Company
GW & WADE Asset Management Co.
H M Payson & Co.
H&R Block Financial Advisors
H.G. Wellington & Co. Inc.
Haldor & Co
Hancock Bank of Louisiana
Hancock Investment Services, Inc.
Happy State Bank
Hawthorn
HD Vest Financial Services
Hefren Tillotson, Inc.
Hennion & Walsh
Heritage Trust Company
Hilliard Lyons
Hilltop Holdings Inc
Home Federal Bank Of Tennessee
Horizon Trust & Investment Management
Houston Trust Company
HSBC Bank
HSBC Securities (USA) Inc.
Huddleston Smith Wealth Management
Huntington National Bank
Huntleigh Securities
Iberia Bank
Iberia Financial Services LLC
Idaho Trust Bank
Independence Trust Company
Indiana Trust & Investment Management Co.
Infinex Financial Group
ING Direct
ING Financial Partners
Ingalls and Snyder LLC
Institutional Brokerage & Sales
Integra Bank
Interactive Brokers LLC
Intrust Bank, N.A.
Invest Financial Corporation
Investcorp, Inc
Investment Professionals Inc
Investment Trust Company
Investors Capital Corporation Member finra Sipo
Investors Security Trust Co
J.J.B. Hilliard, W.L. Lyons, Inc.
J.P. Morgan Clearing Corp
J.P. Morgan Securities LLC
Janney Montgomery Scott, LLC
Jefferies & Company, Inc
Johnson Bank
Johnston, Lemon & Co.
JPMorgan Chase Bank
JPMorgan Chase Bank, N.A.
Kanaly Trust Company
Keefe, Bruyette & Woods
Key Investments Services LLC
Key Private Bank
Keybank National Association
KMS Financial Services, Inc.
Komtz Securities LLC
Kovack Securities
Laird Norton Trust Co.
Laird Norton Tyee Trust Co.
Lake City Bank
Lantern Investment, Inc.
Lazard Capital Markets LLC
LCS Securities, LLC
Ledyard National Bank
Legacy Private Trust Company
Legacy Trust Company, N.A.
Legent Clearing, LLC
Lending Club Corporation
Lesko Securities, Inc.
Lincoln Financial Advisors Corp
Lincoln Investment
Loring Wolcott & Coolidge
LPL Financial
M Holdings Securities, Inc.
M&I Capital Markets
M&T Investment Group
M&T Securities, Inc.
Macatawa Bank
Management One Investment
Manufacturers
Manufacturers And Traders Trust
Marine Bank
Marquette Asset Management
Marshall & Ilsley Trust Co, N.A
Massmutual Trust Company, FSB
Matrix Capital Group Inc.
Maxim Group
MB Financial Bank, N.A.
Mcadams Wright Ragen, Inc.
Mcclurg Capital Corporation
McDonald Partners
McMillion Securities, Inc.
Mcnb Bank And Trust Co.
MDM Investment Group
Mellon Trust of NY
Merchants Commercial Bank
Merchants National Bank
Merrill Lynch
Merrill Lynch Wealth Management
Mesirow Financial
Metlife Securities
MF Global Inc
Midfirst Bank
Midfirst Trust Company
Midwest Trust Company
Mitchell Sinkler & Starr
ML Stern & Co., LLC
MML Investors Services, LLC
Monroe Bank & Trust
Moors & Cabot Investments
Morgan Keegan & Company, Inc
Morgan Stanley & Co. Incorporated
MUFG Union Bank
Muriel Siebert & Co., Inc.
Mutual of Omaha Bank
Mutual Securities Inc
Nation Financial Group
National Advisors Trust Company
National City Bank
National Financial Services LLC
National Securities Corporation
Natl. Investor Services Corp
Navy Federal Brokerage Services
Neuberger Berman, LLC
New England Securities
New York Private Bank & Trust
NFP Advisor Services, LLC
North Star Bank
North Star Trust Company
North Western Mutual Wealth Management Co.
Northeast Investment Management
Northern Trust Securities, Inc.
Northern Trust, NA
Northland Securities
Northwestern Mutual
Northwestern Mutual Investment Services, LLC
Nutter Mcclennen & Fish
NYlife Securities LLC
Oberweis Securities, Inc.
Ohanesian/Lecours Investment & Advisory Services
Old National Trust Company
Old National Wealth Management
Old North State Trust
Old Second National Bank Of Aurora
One & Co.
Oneamerica Securities, Inc.
Oppenheimer
OptionsXpress, Inc
Pacific Capital Bank. N.A.
Painter, Smith and Gorian, INC
Park Avenue Securities
Park National Bank
Park Sterling Bank
Peak Trust Company
Peapack – Gladstone Bank Trust and Investments
Penson Financial Services
Penson Financial Services Inc.
Peoples Bank National Association
People's Securities Inc
Peoples United Bank
Pershing LLC
Petrologistics
Pflueger & Baerwald Inc.
Philadelphia Trust Company
Pinnacle Trust Company
Piper Jaffray and Co.
Piscataqua Savings Bank
Pitcairn Trust Company
Planmember Securities Corporation
PNC Bank
PNC Investments, LLC
Protected Investors of America
Provident Trust Company
Pruco Securities, LLC
Prudential
Putnam Investments
Quest Capital Strategies
Quest R Capital
R.F.Lafferty & Co., INC.
Raymond James & Associates, Inc.
RBC Dain Rauscher
RBC Trust Company
RBS Citizens, N.A
Regions Bank
Region Bank (Tax Worksheet Information)
Reliance Trust Company
Reliance Trust Company Of Delaware
Research Securities
Resource Bank
Resources Trust – Fiserv Trust
RG Capital Investment Advisory Services
RGO Securities LLC
Richards Merrill & Perterson
Ridge Clearing & Outsourcing
Rim Securities
Robert W. Baird & Co.
Rockland Trust Company
Royal Alliance
Ruane, Cunniff& Goldfarb LLC
Sabal Trust Company
SagePoint Financial, Inc.
Salient Trust Co., LTA
Sanders Morris Harris
Sandy Spring Bank
Sanford Bernstein
Sanibel Captiva Trust Company
Scaup & Co.
Scott & Stringfellow Inc.
Scottrade, Inc
Seacoast National Bank
Seaside National Bank
Securities America, Inc.
Securities Service Network, Inc.
Security National Trust Co
SEI Private Trust Company
Sentinel Trust
Sharebuilder Securities Corporation
Sigma Financial Corporation
Sigmator Investors, Inc.
Signator Financial Services
Simmons Bank - Trust Division
Smithfield Trust Company
Southwest Securities
Spinnaker Trust
State Farm Mutual Funds
State Street Bank & Trust Company
Stellarone Bank
Stephens Inc
Stern Fisher Edwards Inc
Sterne Agee & Leach Inc.
Stifel Nicolaus
Stock Yards Bank & Trust
Stockcross Financial Services
Strategic Point Securities
Summit Equities, Inc.
Sunflower Bank N.A.
Suntrust Bank
Suntrust Investment Services Inc
Superior National Bank & Trust Company
Susquehanna Trust & Investment Company
Sweney Cartwright & Co.
Sycoban & Company
Synovus Trust Company, N.A.
T. Rowe Price Brokerage
Td Ameritrade
TD Bank, NA
The Bank of New York Mellon
The Bryn Mawr Trust Company
The Canandaigua National Bank & Trust
The Commerce Trust Company
The First Company – Centier Bank
The George Washington University
The Glenmede Trust Company, N.A
The Glenview Trust Company
The Haverford Trust Company
The Huntington Investment Co.
The Mechanics Bank
The National Bank Of Indianapolis
The Northern Trust Company
The O N Equity Sales Company
The Pennsylvania Trust Company
The Private Bank And Trust Company
The Security National Bank Of Sioux City
The Trust Company Of Knoxville
The Trust Company Of Oxford
The Trust Company Of Vermont
The Vanguard Group
Thomasville National Bank
Thompson & Company
Thrivent Investment Management
Thrivent Trust Company
TIAA-CREF Brokerage Services
TIAA-CREF Trust Company
Tiedemann Trust company
Tompkins Trust Company
Trade King
Trade PMR
Tradestation Securities, Inc.
Trust Company of America
Trust Company Of Illinois
Trustmark National Bank
Trust Point INC
Truxton Trust Company
U.S. Bank
U.S. Bank National Association
U.S. Securities, Intl. Corp.
U.S. Trust
Ubatco & Co
UBS Financial Services
UBS Swiss Financial
UMB Financial Services, Inc.
Umbtru & Co.
Umpqua Investments Inc.
Unatco
Union Bank, N.A
Unionbanc Investment Services
United Bank & Trust
University Of Pittsburgh
USAA Federal Savings Bank
USAA Investment Management Company
USBancorp Investments, Inc.
USCA Securities LLC
Valic Financial Advisors, Inc.
Vanguard Market Corporation
Vanguard National Trust Company
Virginia National Bank
VSR Financial Services Inc.
Wachovia Trust
Wachovia Trust – NSG TAX
WADDELL & RED Financial Advisor
Walnut Street Securities
Washington Trust Bank
Washington Trust Company
Water Front Wealth
Waukesha State Bank
Wayne Hummer Investments
Webster Bank, N.A.
WedBus
Wedbush Morgan Securities
Welch & Forbes
Wells Fargo Advisor
Wells Fargo Bank, N.A
Wesbanco Bank Inc.
Westwood Trust
WHITAX
Whitney National Bank
Whittier Trust company
William Blair & Co. LLC
Williamson Financial Group wealth & Insurance
Woodbury Financial Services, Inc.
Wilmington Trust Company
Wulff, Hansen & Co.
Wunderlich Securities

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
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

Processing standards

All standard checkbox numbers on IRS Forms and brokerage statements are captured. If data on a source document matches the data already entered in the tax software, 1040SCANverify doesn’t capture source document data again. However, if the data doesn’t match, 1040SCANverify overrides the data on export in the tax software to match the data on the source document.

1040SCANverify addresses the source documents of the tax year for which the return is submitted. For source documents pertaining to the year 2023 they are captured for a 2023 tax return.

If the source document type is any consolidated brokerage statement, grantor trust Letter or Schedule K-1 then relevant data will be captured only if EIN matches with Trust/Estates EIN else Incorrect EIN is selected. The recipient family name won’t be considered as a parameter for 1041.

For certain forms, SurePrep will capture foreign (non-US) countries as
Various
instead of individually selecting each country.

1040SCANverify addresses only those documents that are submitted in the required orientation. Scan documents with a portrait or landscape view right side up.

All standard documents will be verified based on the regular verification process.

Brokerage statements received from IRA accounts - (IRA, 401Keogh plan, Pension plan, and Defined Benefit plan) are not captured.

Documents with some indication on a 1099-MISC or 1098 that it belongs to Sch C or Sch E, etc. are moved to a specific schedule under Child Form Association wizard. If more than 1 entity exists, then verifier specifically looks for the information on the document that identifies the schedule and then moves the document accordingly. If no matching Proforma is available or a verifier is unable to identify where the document belongs (due to unclear proforma), then the document will be left unmatched and later will get indexed into the
Unassociated Documents
node in SPbinder.

State K-1s – State K-1s are only captured if it follows after the Federal K-1.

Schedule K-1(1065), where the type of entity is IRA, 401Keogh plan, Pension plan or Defined Benefit plan, is not captured.

No data from Sch K-1 is captured except EIN, Payer Name, and SSN, if the
Bookmark only
barcode is placed on the Federal K-1. Avoid placing barcodes on Cover Letter pages for Schedule K-1 and Consolidated statements.

If the text
Do not Use Part III….See 2023 Supplemental Information Statement
shows on the first page of PTP K-1, then no data will be captured; it will only be bookmarked.

For a 2023 tax year binder, if the tax year on the Federal Sch K-1 document doesn’t match the tax year of the binder, then the data is captured based on the fiscal year-end.Example: In the 2023 tax year binder, if the tax year of the Schedule K-1 document shows 2022 on top of the document (in bold) but the fiscal year ends in 2023, then all data is captured/verified from that Schedule K-1.
Federal K-1 and Supplemental pages (K-3, State K-1) should be placed at the end of the source document file. To prevent the K-1 and its supplemental documents from unlinking with each other, do not place another source document between the K-1 documents (Form W-2).

Form 1116: Foreign Tax Credit information

Passive Foreign Investment Companies (PFICs) (Starting 2024 TY)

Tax software	Action policy
CCH Axcess Tax GoSystem Tax RS	Captures and exports Foreign Tax Credit Information (Form 1116).
UltraTax Lacerte	Bookmark only.

South Carolina State K-1 has a 1099-MISC document after it
The 1099-MISC document has SC Only on the document.

SurePrep standards

Proforma'd Entity with text
Enter Payer Name
- SurePrep Verification team won’t associate any document to the proforma'd entity with text "Enter Payer Name" while processing post wizards like CFA and NFR. The document will be left unmatched.
The following forms are placed in different folder locations in the SPBinder when left unassociated (unmatched) to the Child Form Association (CFA) wizard:
Form 1099-MISC: Miscellaneous Income Form
1099-K: Merchant Card and Third Party Network Payments
Form 1098: Mortgage Interest Statement
Form 1099-NEC
Form 1099-G
Form 1099-PATR

Grantor letters get auto indexed based on the domain settings. Default Tax Form Setup lets you specify the forms in the tax software to which you want the SPbinder information to be exported.

For example, if you need Grantor Letter information to export to individual Schedule K-1 form instead of the default consolidated statements. In that case, you can change the default tax form. When the information is exported from SPbinder to the tax software, the information will go to the form you specified. This is a firm-level setting and will apply to all users at the firm.

The document will first prioritize the match with an existing proforma. If no match is found, then a new folder will be created under the default form set by your firm.

Review of work done by 1040SCANverify process

Stamps