How to Take Advantage of Tax Preparation Assistance

lend a hand photoThough it may not garner giant headlines, one great way to help out your neighbors is to become an IRS tax volunteer. It’s a service that’s been carried out for over 40 years now.

There are many taxpayers who could use a little help in completing their taxes. The IRS has built a network of support for people to volunteer their time to aid people in meeting their tax obligations. Our next series of blogs will spread the word on how to become a tax volunteer. Even if you’re not filing someone’s taxes, there are other roles to fill as a tax volunteer. Let’s take a better look at this service.

How to Take Advantage of Tax Preparation Assistance

In our last few posts, we’ve been detailing the many ways people can volunteer their time and assist taxpayers in filing their taxpayers. But who qualifies for the assistance?

If you make $53,000 or less, have a disability, and are limited in your English-speaking skills, you probably qualify for the Volunteer Income Tax Assistance program, or VITA. If you are 60 years or older, you probably qualify for the Tax Counseling for the Elderly program, or TCE. To find the nearest VITA or TCE site nearest you, call 1 (800) 906-9887 or use the online locators.

When going to a VITA or TCE site, it’s important to be prepared. The following is a list of materials that you’ll need to bring with you:

  • Photo ID
  • Social Security card or Individual Taxpayer Identification Number per each return filed
  • Birth dates for each return filed
  • Wage and earning statements (Forms W-2, etc.)
  • Interest and dividend statements from banks (Forms 1099)
  • A copy of last year’s returns (if possible)
  • Personal bank account routing and account numbers (found on checks)
  • Both spouses must be present to sign married-filing-joint tax returns
  • Forms 1095-A, B-, or C, Affordable Health Care statements
  • Copies of income transcripts from IRS and state, when applicable

Photo by betsyweber

Photo by Anthony Albright

Do you have the support you need to manage your small business bookkeeping? Schedule a 30-minute appointment to speak with a local small business adviser.