Tax Information Inquiry – SSN

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INQTAX-01

IRS Tax File Inquiry

383

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Access this screen by selecting Tool #956: View Member Tax Information by SSN/TIN.

Check out the video related to this topic: Viewing a Member's Tax Information (More videos below!)

Screen Overview

This screen is used to see all of the member's tax information in one place. All account bases and suffixes for the same Social Security or Tax ID number will be listed together.

Enter a tax ID number (SSN or EIN) and the tax year you would like to view. (Remember that the tax file is created on January 1 for the previous year; therefore 2000 data cannot be viewed until after January 1, 2001, etc.) Select to view either an Individual or Organizational account.

An asterisk (*) next to a dividend indicates that this amount is not included in the total dividends. These accounts are share or certificate IRAs and are not reported on the 1099 form.

NOTE: F12-Savings Bonds can be used to view any savings bond redemption activity that has been recorded under this Social Security number this year.

 

To see a detailed breakdown of tax information by individual account number, use the Member Tax Information - Acct # option.

Field Descriptions

Field Name

Description

Tax Id No

The Social Security or tax ID number for the member. If desired, enter a different SSN here and use Enter to see computations for another member.

Tax Year

The year for which the tax information is shown. If desired, enter a different year here and use Enter to see computations for a different tax year.

Member Type

Select to show either an Individual or Organizational account.

Account No.

The base account number and suffix.

Catg

A code indicating the account tax category:

SH Share type account CI Certificate IRA account

SD Share draft account LN Loan account

IR Share IRA account OC Open Credit account

TX Tax Escrow account MT Mortgage account

CD Certificate account SB Savings Bonds

1099 Dividends

Dividends which would be reported on the 1099 form. An asterisk (*) next to a dividend indicates that this amount is not included in the total. These accounts are share or certificate IRAs and are not reported on the 1099 form.

·     Remember that a regular 1099 form is only generated if the total 1099 dividend amount for this SSN/TIN is $10.00 or higher.

Backup/ Withholding

Backup withholding amount, if any.

CD Penalty

CD withdrawal penalties, if any.

1098 Interest

Interest which would be reported on the 1098 mortgage interest form. This includes loan with Process Type “M” (Mortgage) and other loans with the “Equity Loan” flag set to “Y” in loan category configuration.

·     Remember that a regular 1098 form is only generated if the total 1098 interest mortgage amount is $600.00 or higher per account.

Interest

Loan interest not reported on the 1098 form. This includes all loans not designated as mortgage or equity-type loans in loan category configuration.

Additional Video Resources

Quoting Dividends Paid

View more Member Inquiry videos.

Visit the Show Me the Steps video library to view more videos!

 

 

Link to ID: https://help.cubase.org/cubase/cubase.htm#INQTAX-01.htm