Tax Prep - Unsupported Situations

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There are some situations for which you cannot or should not use the Ohio Benefit Bank to prepare your taxes.  

You CANNOT use the Ohio Benefit Bank if...

Your Household Adjusted Gross Income is over $57,000 a year.

YOU HAVE ONE OR MORE OF THE FOLLOWING SITUATIONS

• You are a business owner or a statutory employee that must file a Schedule C.
• You are a U.S. Civil Service employee and elect to receive retirement benefits under the alternative annuity option.

• You must make Alternative Minimum Tax payments.

• You must make estimated tax penalty payments. 

• You must make household employment tax payments. 

• You or your spouse are a dual-status alien or non-resident alien.
• You were misclassified by your employer as an independent contractor.
• You have codes R, P, T or W in box 12 of your W-2.
• You have a Health Savings Account (HSA)
  

(Note to employees of Sauders and 20/20 Custom Plastics: We are sorry but at this time we will be unable to complete your taxes due to your HSA.  We hope that this will change next year.)

YOU HAVE ONE OR MORE OF THE FOLLOWING TYPES OF INCOME

Form W-2

• Employer contributions to Archer MSA.
• Excludable moving expense reimbursements paid directly to employee. 
• Adoption benefits. 
• Tips allocated by employer.
  
• Health Savings Accounts (HSAs) - you should have a W in box 12

• Long term capital gain distribution. 

• Unrecaptured section 1250 gain from certain depreciable real property. 

• Section 1202 gain from certain small business stock. 

• The 28% rate gain from sales or exchanges of collectibles. 

• Cash and noncash distributions from the liquidation of corporate assets. 

Form 1099-G

• Pre-2007 taxable refunds of state and local income taxes. 

• Specified private activity bond interest.  

• Medical and healthcare payments. 
• Substitute payments in lieu of dividends or interest. 

• $5,000 or more of direct sales on a buy-sell, deposit-commission, or other commission basis. 

• Crop insurance proceeds. 

• Excess golden parachute payments. 

• Gross proceeds paid to an attorney. 

• 409A Plans - Non-qualified Deferred Compensation Plan. 

• Rental Income. 

• Royalties. 

• Charitable gift annuity. 

• Net unrealized appreciation in employer's securities when they are sold. 

• Prohibited transactions. 

• Excess contributions to a retirement plan plus earnings, or excess deferrals and/or earnings. 

• Capital gains. 

• Other gains or losses. 

• Estate income. 

• General rule method needed for calculating taxable pensions and annuities. 

• Partnership Income.

• Residual interests in REMICs. 

• S Corporations.

• Trust income. 

• Farm income. 

• Distributions from education savings accounts such as Coverdells, QTPs, and 529s.

• Distributions from medical or health savings accounts. 

• Tip income not reported to employer. 

• Undistributed long-term capital gains.

• Exclusion of interest from series EE or I US savings bonds issued after 1989 that taxpayer cashed this year. 

• Foreign accounts and trusts (receipt, grant, transfer, interest in, or other involvement). 

• Self-employment income requiring filing of Long Schedule SE (required for certain wage and tip amounts, ministers, and church employees).