Ten Things to Know about Free IRS Volunteer Tax Help Millions of taxpayers qualify for free tax preparation assistance from IRS-sponsored community-based, volunteer programs. Here are 10 things the IRS wants you to know about these volunteer programs. 1. The IRS sponsors both the Volunteer Income Tax Assistance (VITA) and the Tax Counseling for...
Unemployment can be stressful enough without having to figure out the tax treatment of the unemployment benefits you receive. Unemployment compensation generally includes, among other forms, state unemployment compensation benefits, but the tax implications depend on the type of program paying the benefits. You must report unemployment compensation on line 19 of Form 1040,...
It’s tax season again; have you seen the commercials on television? Use this tax preparer, get that software, be worry free and leave it all to the professionals! OK, I admit, since my wife’s degree is in accounting and since she does small business finances for a living, I leave it to her. I...
If you, your spouse or dependents had significant medical or dental costs in 2011, you may be able to deduct those expenses when you file your tax return. Here are eight things the IRS wants you to know about medical and dental expenses and other benefits. You must itemize You deduct qualifying medical...
