Presentation on theme: "Volunteer Income Tax Assistance Program INCOME TAX PREPARATION AND e-FILE Saturday FEB 10 MAR 03 MAR 10 MAR 24 MAR 31 9:30 am-12:30 pm Lancaster High School."— Presentation transcript:
Volunteer Income Tax Assistance Program INCOME TAX PREPARATION AND e-FILE Saturday FEB 10 MAR 03 MAR 10 MAR 24 MAR 31 9:30 am-12:30 pm Lancaster High School Room S-23 OR by appointment Lancaster Credit Union (716) 681-1460
Photo identification Social Security Cards for you, your spouse & dependents Birth Dates for everyone on the tax return Current year’s tax package (if you received one) Form W-2, W-2G, 1099-R, from all employers Interest and dividend statements from banks (Forms 1099) A copy of last year’s Federal and State returns (if available) Bank Routing & Account Numbers for Direct Deposit Other information about income and expenses Total Paid for Day Care and Day Care provider’s ID # To e-file a married filing joint tax return, both spouses must be present. We WILL prepare 1040A 1040EZ 1040V 1040ES 1040 (A, B, C-EZ, D, EIC, R, SE) 2441 (Child Credit) 8812 (Additional Child Credit) 8863 (Education Credit) We will NOT prepare Schedule C or E Complicated Schedule D SS-5 (SSN Request) 2106 (Employee Business Expense) 3903 (Moving) 8606 (Nondeductible IRA) 8615 (Minor’s Investment Income) Volunteer Income Tax Assistance Program ITEMS YOU NEED There is NO Charge for this service
LANCASTER HIGH SCHOOL ACADEMY OF FINANCE VITA PROGRAM DETAILS The Volunteer Income Tax Assistance (VITA) offers free tax help to ALL taxpayers with an emphasis on low- to moderate-income ($37,000 and below) people who cannot prepare their own tax returns. Students at Lancaster High School enrolled in the Academy of Finance and the Advanced Accounting classes have received training to help prepare basic tax returns for local residents. The volunteer site is coordinated between Lancaster High School Academy of Finance, The Lancaster-Depew Federal Credit Union, the Internal Revenue Service and the Academy of Finance Business Advisory Board. As part of their classroom curriculum, sophomore students at Lancaster High School have prepared themselves to ensure taxpayers have all of the proper forms and will assist the volunteer preparers. Juniors have spent the past six weeks receiving instruction on the basics of tax code, culminating with 17 students becoming certified by the IRS as Volunteer tax preparers. Each student will volunteer for a minimum of 12 hours with an estimated ability to assist nearly 250 taxpayers. On February 10, March 3,10,24,31 2007, students will conduct FREE open sessions (no appointment necessary) at Lancaster High School between 9:30am-1:30pm. Additional sessions, by appointment only, are available by calling the Lancaster-Depew Federal Credit at (716) 681-1460. Students and other volunteers are trained to help with special credits, such as Earned Income Tax Credit (EITC), Child Tax Credit, and Credit for the Elderly. In addition to free tax return preparation assistance the Lancaster sites also offer free electronic filing (e-filing). The Academy of Finance at Lancaster High School and its Business Advisory Board are part of the National Academy Foundation (www.naf.org). Currently there are 56 students enrolled in the Academy of Finance with an anticipated enrollment of 90-120 students by 2008. These students follow a rigorous curriculum that provides real life learning experiences such as the VITA program, a paid summer internship in the financial field college credit courses and an expected student-run school bank while still enrolled in high school. The Business Advisory Board is made up of local, regional and national businesses that provide support to ensure students are able to meet the demands of the working world. Current business partners include Bank of Akron, Merrill Lynch, Arndt Asset Management, Nickel City Insurance, Citibank, M&T Bank, Citizens Bank, HSBC, Durham Staffing, Niagara University, Bryant & Stratton, ECC, The Lancaster-Depew Federal Credit Union, Key Bank, Pignataro Financial Group, Timothy Brown – CPA, Devere Mortgage Corporation, Aldrich and Cox plus others. NAF Academies serve 47,000 students through more than 600 career-themed, college preparatory Academies in 41 states and the District of Columbia. Through the unique NAF model involving public-private partnerships and real life learning experiences, NAF Academies foster students' motivation to learn, better preparing them for post-secondary education and successful futures in their chosen professions. The graduation rate of more than 90 percent in NAF academies - well above the national average of 67 percent and far above the 50 percent average in urban areas - is proof positive that the NAF model works. In addition, more than 80 percent of NAF graduates go on to college.