Sunday, February 7, 2010

IRS helps with Free Tax Preparation Services

Some 12,000 free tax preparation sites will be open this year as a result of expanded cooperation agreements between IRS and nonprofit and community organizations performing tax services for low-income and elderly taxpayers.

The IRS Volunteer Income Tax Assistance (VITA) Program provides help to individuals who earn less than $49,000. The Tax Counseling for the Elderly (TCE) Program offers assistance to taxpayers age 60 and above. Most of the sites use free electronic filing. To e-file a “Married Filing Jointly” tax return, both spouses must be present to sign the required forms.

Taxpayers must bring the following items when they visit a VITA or TCE site: photo identification; valid Social Security cards for the taxpayer, spouse, and dependents; birthdates for all those listed on the tax return; the current year's tax package, if received; wage and earnings statements from all employers; interest and dividend statements from banks; a copy of last year's federal and state returns, if available; bank routing numbers and account numbers for direct deposit; other relevant information about income and expenses; the total amount paid for daycare; and the day care provider's identifying number.

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