Vita basic training tax year 2013
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VITA Basic Training Tax Year 2013. What Makes a Successful Volunteer. Ask questions Be on time Call in advance if you cannot make it to your volunteer shift Be professional Have fun!. Ethics. All volunteers must take the ethics certification test.

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VITA Basic Training Tax Year 2013

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Vita basic training tax year 2013

VITA Basic Training

Tax Year 2013


What makes a successful volunteer

What Makes a Successful Volunteer

  • Ask questions

  • Be on time

  • Call in advance if you cannot make it to your volunteer shift

  • Be professional

  • Have fun!


Ethics

Ethics

  • All volunteers must take the ethics certification test.

  • The IRS and the Coalition take seriously that we are: 1) volunteers, 2) professional and 3) honest.


Ethics continued

Ethics Continued

  • Do not accept payment or tips

  • What if the taxpayer wants direct deposit but doesn’t have a bank account?

  • Do not intentionally leave income off of tax returns.

  • Only complete returns within scope of volunteer certification level.

  • Inform taxpayers of their responsibility for information provided.

  • Volunteer Protection Act

  • What happens when a volunteer knowingly completes a false return?


The intake process

The Intake Process

  • Taxpayer fills out Intake Sheet (4012 p. 6-8)

  • Volunteer completes Interview

  • Check Identification

  • Review Documents

  • Prepare Return

  • Quality Review


The taxpayer will provide

The Taxpayer Will Provide:

  • Tax information

    • Forms W-2, 1099, 1098.

  • Social security cards or ITIN letters

  • Proof of Identity

    • Valid drivers license or other government issued picture ID


Scenario one

Scenario One

  • Sheryl pays all of the household expenses to support herself and her child.

  • Sheryl’s friend Willie has been living with her since April and is fully supported by Sheryl.


Intake and interview

Intake and Interview


Filing status

Filing Status


Intake and interview what tax documents will we need

Intake and InterviewWhat tax documents will we need?


Intake continued

Intake Continued


Vita basic training tax year 2013

W2


1099 g

1099-G


Dependent care

Dependent Care


Vita basic training tax year 2013

EITC

  • Taxpayer with kids:

    • Kids must pass three tests (similar to QC test):

      • Relationship Test

      • Age Test

      • Residency Test

      • *No support test!

  • Taxpayers without kids:

    • Taxpayer or Spouse must be 25 to 64

    • Cannot be claimed on another’s return

    • Live in the US for more than 6 months


Vita basic training tax year 2013

EITC

  • Must have earned income less than:

    • $46,227 ($51,567 married filing jointly) with 3 or more qualifying children

    • $43,038 ($48,378 married) with 2 qualifying children

    • $37,870 ($43,210 married) with 1 qualifying child

    • $14,340 ($19,680 married) with no qualifying children?


Direct deposit

Direct Deposit


Www saveyourefund com

www.saveyourefund.com

  • 10 weekly winners of $100

  • 1 grand prize winner of $25,000

    • Grand Prize is a Photo Contest

  • Who is eligible?

    • Low to moderate income taxpayers

    • 18 or older

    • Saved at least $50 of refund using form 8888


Scenario one quality review

Scenario One Quality Review

  • Have a Site Coordinator do a quality review

  • After printing the return:

    • Have the taxpayer double check the return

    • Go over the return with them

    • Answer any questions

    • Have them sign the 8879

  • Ask them to fill out a satisfaction survey

    • They will be entered into a drawing after completing it.

  • The taxpayer keeps: All tax documents, a copy of their entire tax return, and form 8879 complete with signature

  • The Site keeps: Form 8879 complete with signature and the intake sheet


Scenario two notes

Scenario TwoNotes

  • They would like to file a joint return

  • They would like to file a joint return

  • Stacy is a 9th grade teacher.

  • Stacey’s mother lived with them for the entire year. She earned $2,500 as a teacher’s aide, $360 in interest, and $4,200 in Social Security. Sean and Stacey provided over half of her support.


Filing status1

Filing Status


Vita basic training tax year 2013

W2


1099 int

1099 INT


1099 div

1099 DIV


1099 r

1099-R


Social security benefits

Social Security Benefits


Vita basic training tax year 2013

W-2G


1098 t

1098-T


Schedule a

Schedule A

  • $4,500 - Unreimbursed medical expenses

  • $1,750 – Real estate tax

  • $5,600 – Mortgage interest paid

  • $300 – Charitable contributions

  • $50 – Union dues

  • $200 – Educator expenses

  • $500 – Student Loan Interest


Form 8880

Form 8880

  • Cannot be a full time student

  • Cannot be claimed on someone else’s tax return

  • Born before January 2, 1995

  • AGI of less than:

    • $28,750 – Single

    • $43,125 – Head of Household

    • $57,500 – Married Filing Jointly

  • Taxpayer must make a contribution

    • W2 amount in box 12 or 14 or an ‘x’ in the retirement box.


Scenario two quality review

Scenario Two Quality Review

  • Have a Site Coordinator do a quality review

  • After printing the return:

    • Have the taxpayers double check the return

    • Go over the return with her

    • Answer any questions

    • Have her sign the 8879

  • Ask they would like to fill out a satisfaction survey

  • Taxpayer keeps: All tax documents, a copy of her entire tax return, and form 8879 complete with signature

  • The Site keeps: Form 8879 complete with signature and the intake sheet


If the taxpayer owes the irs money

If the Taxpayer Owes the IRS Money

  • Pay by credit card for a fee

  • Fill out form 9645 to set up payment plan

  • Electronic withdrawal from their bank account

  • Mail in check/money order with 1040V

  • Request a Full Pay Within 60-120 Days Agreement

  • Go on www.irs.gov to file and online payment plan agreement


Free application for federal student aid

Free Application for Federal Student Aid

  • What is FAFSA?

  • Why is FAFSA an important add on to free tax preparation?

  • Extra certification is needed to assist clients with the FAFSA application


Affordable care act brief overview

Affordable Care ActBrief Overview

  • Premium tax credit – refundable credit

  • Get it now or get it later

  • Requirements

    • Must be a US Citizen

    • Can’t be a dependent

    • No Married Filing Separately

    • Enroll through the Market Place

    • Taxpayer is not eligible for other insurance coverage


Ohio eitc

Ohio EITC

  • 5%

  • Nonrefundable

  • Cap on income

  • Taxwise does the work for you


Now what

Now What?

  • Take the test

    •  https://www.linklearncertification.com/

    • www.voltaxprep.com –Password is learntwo

  • After passing the test, please email your certification to [email protected]

  • Sign up to volunteer at www.refundohio.org

  • Still have questions? Contact us:

    • [email protected]


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