TRX December 2nd, 2009

1. If a form in the Forms Tree has a red exclamation point beside it, what does that mean?

It is ready to be sent immediately

The due date for it to be filed has passed

The calculations are wrong

At least one required field is empty

2. What is the Keyboard Shortcut for printing the return you are currently viewing?

Alt + F9

Alt + F1

Ctrl + Y

Ctrl + P

3. What is the Keyboard Shortcut for displaying the Help window?

F1

F2

F3

F4

4. After installing the program, where are the two places you have to type in your EFIN?

System Snapshot and View Authorization

Reindex Database and Install Federal Updates

Taxwise Help and About Taxwise

Set up Options and Register Software

5. What is the keyboard shortcut for Search/Query for Taxpayer?

Shift + F5

Shift + F8

Ctrl + Q

Ctrl + S

6. What is the Keyboard Shortcut for saving a return?

F1

F2

F3

F4

7. What is the Keyboard Shortcut for going to the nest required entry on a tax form?

Ctrl + F10

Ctrl + N

Ctrl + L

Ctrl + E

8. What is the Keyboard Shortcut for running diagnostics?

Ctrl + M

Ctrl + D

Ctrl + F1

Ctrl + O

9. What is the Keyboard Shortcut for starting a new return?

Ctrl + N

Ctrl + R

Ctrl + Z

Ctrl + F9

10. You can only add a form to a return through the Add Form/Display Form List.

TRUE

FALSE

You can use the Form List, Link by right clicking and choosing the form, or clicking the link button beside the input box.

Explanation

You can use the Form List, Link by right clicking and choosing the form, or clicking the link button beside the input box.

11. You can adjust the form size when editing a return.

TRUE

FALSE

12. What is the Keyboard Shortcut for getting acknowledgements?

Ctrl + G

Ctrl + M

Shift + F10

Shift + F9

13. It’s best to log in as ADMIN and fill out a client's entire return in Edit Tax Form Defaults before you start your returns from the GUEST account.

TRUE

FALSE

Only fill-out data you want to carry to every single return in the Edit Tax Form Defaults because it will appear on all subsequent returns.

Explanation

Only fill-out data you want to carry to every single return in the Edit Tax Form Defaults because it will appear on all subsequent returns.

14. In ADMIN, you have the ability to do all of the following except

Transfer Files from one user to another

Open client returns

Create new users

Set form defaults

15. After installing Taxwise and launching the program for the first time, what will be the first thing you must do?

Restart your computer

Input your company information

Install the shortcuts

Reindex your database

16. When logged in as ADMIN, where do you go to create new users?

Edit Tax Form Defaults

File menu

Taxwise Utilities/Setup Options

Edit Menu

17. You can fill out your invoice settings when logged in as ADMIN under Edit Tax Form Defaults.

TRUE

FALSE

You will add the Price Form and set your prices, which will carry to all subsequent returns.

Explanation

You will add the Price Form and set your prices, which will carry to all subsequent returns.

18. Where are the Taxwise files stored on the computer in a typical standalone install?

Taxwise08 Folder

Tax Returns 2008 Folder

UTS08 Folder

CCH08 Folder

19. In the Taxwise Utilities/Setup Options, where do you go to change your company information?

Communication

File

Setup

Tools

20. You can only download conversions from support.taxwise.com

TRUE

FALSE

The conversions for our software are available at www.trxpro.com

Explanation

The conversions for our software are available at www.trxpro.com

21. What menu would you find the option of Search/Query for Taxpayer?

Communications

File

Reports

Help

22. By default, what is the password set to when you login to Taxwise for the first time?

Your user name

Your EFIN

Your Client ID

There is no password

23. Back-up, Restore, and Carry Forward are all found under which menu?

Tools

Communications

File

Edit

24. Which Menu will you go to in order to start a return in which the Taxpayer needs to apply for an ITIN?

File

Form

Bank

Tools

25. After installing the conversion, what is the path to access it?

Start > All programs > TaxWise 2009 > Conversion

Taxwise > File > Conversion

My Computer > Local Disk > Conversion

Start > Control Panel > Conversion

26. When running a conversion to TW, you must run the conversion from _ to _.

Prior software 08, Taxwise 09

Prior software 09, Taxwise 09

Taxwise 08, Taxwise 09

Prior software 08, Taxwise 08

27. You only need to download one conversion to convert both individual and business returns, if needed, from your previous software to your Taxwise software.

TRUE

FALSE

There are separate conversions for individual returns and business returns.

Explanation

There are separate conversions for individual returns and business returns.

28. If you need to create a new 1040 return, but every time you click New Return it asks for an EIN, where should you go to enable creating a new return with a SSN?

Change Tax Package

Change User

Client Profile

Report Center

29. The default path to get to the tax return files in a stand alone installation of Taxwise is

C:\TW08\USERS\GUEST

C:\TW08\USERS\CLIENTDATA

C:\UTS08\USERS\GUEST

C:\UTS08\TWW08\USERS\GUEST

30. What utility is used to move, copy, and rename returns?

Taxwise Explorer

Client Profile

Communications

Client Organizer

TRX December 2nd, 2009

1. If a form in the Forms Tree has a red exclamation point beside it, what does that mean?

2.

What first name or nickname would you like us to use?

2. What is the Keyboard Shortcut for printing the return you are currently viewing?

3. What is the Keyboard Shortcut for displaying the Help window?

4. After installing the program, where are the two places you have to type in your EFIN?

5. What is the keyboard shortcut for Search/Query for Taxpayer?

6. What is the Keyboard Shortcut for saving a return?

7. What is the Keyboard Shortcut for going to the nest required entry on a tax form?

8. What is the Keyboard Shortcut for running diagnostics?

9. What is the Keyboard Shortcut for starting a new return?

10. You can only add a form to a return through the Add Form/Display Form List.

11. You can adjust the form size when editing a return.

12. What is the Keyboard Shortcut for getting acknowledgements?

13. It’s best to log in as ADMIN and fill out a client's entire return in Edit Tax Form Defaults before you start your returns from the GUEST account.

14. In ADMIN, you have the ability to do all of the following except

15. After installing Taxwise and launching the program for the first time, what will be the first thing you must do?

16. When logged in as ADMIN, where do you go to create new users?

17. You can fill out your invoice settings when logged in as ADMIN under Edit Tax Form Defaults.

18. Where are the Taxwise files stored on the computer in a typical standalone install?

19. In the Taxwise Utilities/Setup Options, where do you go to change your company information?

20. You can only download conversions from support.taxwise.com

21. What menu would you find the option of Search/Query for Taxpayer?

22. By default, what is the password set to when you login to Taxwise for the first time?

23. Back-up, Restore, and Carry Forward are all found under which menu?

24. Which Menu will you go to in order to start a return in which the Taxpayer needs to apply for an ITIN?

25. After installing the conversion, what is the path to access it?

26. When running a conversion to TW, you must run the conversion from ___ to ___.

27. You only need to download one conversion to convert both individual and business returns, if needed, from your previous software to your Taxwise software.

28. If you need to create a new 1040 return, but every time you click New Return it asks for an EIN, where should you go to enable creating a new return with a SSN?

29. The default path to get to the tax return files in a stand alone installation of Taxwise is

30. What utility is used to move, copy, and rename returns?

26. When running a conversion to TW, you must run the conversion from _ to _.