PY Information Export: Data Mining for Safe Harbor Calculation

This guide will walk you through the process of data mining prior information necessary for calculating the safe harbor for Q3. By following these instructions, you will learn how to access and retrieve specific data points from provided documents, ensuring an efficient and correct calculation process.

To begin, access the sheet that the engineering team has provided. This sheet will be the starting point for your data mining task.

In the sheet, locate column A where tasks are assigned. If you are assisting, add your name to the assignment to indicate your involvement.

Log into the website collected.com to access the required documents. Use the search field to find the relevant member information.

Navigate to the documents section, filter by document type, and select "Individual Tax Return Final" to refine your search results.

Once the documents are filtered, view the 2024 tax return by clicking the view button.

Locate page two of the 1040 form. This page contains crucial information such as AGI, total tax liability, and state-specific figures.

Find the AGI on line 11 and the total tax liability on line 24. These numbers are essential for your calculations.

Be aware that each state's requirements may differ slightly, and you may need to scroll down to find specific state information.

Any sections highlighted in red are not required for this exercise, simplifying your task by focusing only on the necessary data.

By following this guide, you have learned how to extract essential information from provided documents for the safe harbor calculation. This process involves accessing specific sheets, filtering documents, and identifying key data points. With these steps, you are equipped to efficiently handle the task at hand, contributing to the overall calculation process. If you have any questions, feel free to reach out for further clarification.