Presentation on theme: "CAP RIVERSIDE Volunteer Income Tax Assistance Program (VITA)"— Presentation transcript:
1CAP RIVERSIDE Volunteer Income Tax Assistance Program (VITA)
2Quick Icebreaker Turn to the person to the right Introduce yourself Tell them one thing you want to gain out of this volunteer experienceHave volunteers refer to the specialty of each staff member.
3CAP Staff Kareem Gongora, Program Manager Judith Farnham, CSA (Administrative)Linda Romano, CSA (Tax Prep)Linda Clophia CSA (Site)Have volunteers refer to the specialty of each staff member.
4Community Action? CAP Riverside? Community Action Agencies signed into effect via Lyndon B. Johnson1964 Economic Opportunity Act “War on Poverty”“..provides services, assistance, and other activities of sufficient scope and size to give promise of progress toward elimination of poverty or a causes of poverty through developing employment opportunities, improving human performance, motivation, and productivity, or bettering the conditions under which people live, learn, and work”.CAP RiversideFounded in 1980Community Needs Assessment identifies agency target programsCAP Riverside provides Utility Assistance, Weatherization, Disaster relief, Notary, Free Tax Preparation, Dispute/Conflict Resolution, Individual Development Accounts, and Youth Programs/Pre Apprenticeship.Have volunteers refer to the specialty of each staff member.
5What is VITA? EITC?Volunteer Income Tax Assistance Program, is a free alternative to tax preparation, which is operated by volunteers.Earned Income Tax Credit (EITC), a refundable tax credit for working families.“The best anti-poverty, the best pro-family, the best job creation measure to come out of Congress.” – Ronald Reagan
6VITA/EITC HistoryVITA Founded in 1971 by Gark Iskowitz at Cal State NorthridgeFree tax preparation for basic returns by certified volunteersEarned Income Tax Credit incepted in 1975Largest federal funded means-tested cash assistance program in the United States.CAP Riverside has been operating VITA program for 10 years.
7How does VITA help? Santa Barbara HS Students East Bay East Bay
8CAP Riverside VITACAP Riverside has completed over 17,000 returns since 2005 to Riverside County taxpayers.Last year, 158 certified volunteers completed 3,230 returns, returning 4.2 million federal dollars to taxpayers, in which $1.9 million were EITC dollars.$76.6 million EITC dollars went unclaimedEITC increases family wages up to 40%
9Where Can YOU Help?Joining VITA or referring others who would be interested to the programCommitting to volunteer minimum 25 hours at one of our 19 locations throughout Riverside County from January-AprilTraining takes place in November, December, and JanuaryMust complete 1 General Training Session and 1 software classEducating family and friends on the EITC
10What Do YOU Get? Why It Matters…? You will gain first hand knowledge of our tax code and learn how to prepare a tax returnYou will have a direct impact in the community you are volunteering in and with each household you helpYou are one of thousands of volunteers across the country doing this workYou are helping bring back thousands of dollars into our local economy!CAP Riverside provides Certificates, References, and Letter of Recommendation.
11What Kind of Support Will You Have? Materials that can be found at each volunteer station:4012 – Resource Guide (Spiral Bound) bring with you to the site every week!!Pub. 17 – Reference MaterialForm C – Intake/Interview SheetOther resources:For VITA Volunteers:VITA Hotline – (800)TaxWise Hotline – (800)Can find them on the back of 4012Do not give these numbers to taxpayers!For taxpayers’ use:General IRS Tax Information – (800)Where’s My Refund? – (800) or online at
12What Returns Can You Prepare? In-Scope Chart in 4012You can only prepare returns that are in scope for your certification levelTo save time, screen all returns before getting to the tax preparation stageUse your Site Coordinator as a resourceCan refer taxpayers to other sitesAARP sites are certified at the advanced levelDO NOT TRY TO PREPARE A RETURN THAT YOU ARE NOT CERTIFIED TO PREPARE – YOU ARE NOT DOING THE TAXPAYER ANY FAVORS IF YOU PREPARE A RETURN INCORRECTLY!
13Site Roles Interview/Intake Tax preparer Quality Reviewer Verifies taxpayer qualifies for VITA services.Tax preparerProcesses tax documents provided by taxpayer.Quality ReviewerAssesses prepared return for errors and accuracy.Exit InterviewFinal process, in which taxpayer receives prepared turn.Site CoordinatorResponsible for coordination of site level policies and procedures.
14Volunteer Process Submit registration via website Complete Training and Certify to Advanced level by 1/24/13Complete Live scan application and Schedule appointmentPerform prior to 1/24/13Maintain communication, hours, and scheduling commitmentsTo receive Presidential Volunteer Service AwardGroup completes minimum 200 hours, each individual must complete 25 hours minimumCommunity volunteers must complete 100 hours minimumVITA Recognition Ceremony (Early May)
15Certification Classroom Instruction (November-December) 1 General Training Session1 Software Training SessionPractice Lab (Internet Explorer)https://voltaxprep.comPASS: learntwoLink & Learn (Internet Explorer)Create Account and Store Information
16CertificationFor Link & Learn, YOU register and maintain your password.Click Practice Lab link, and enter password: learntwoRegister account and store information.
18Volunteer Standards of Conduct I will follow the Quality Site Requirements (QSR).Certification, Intake/Interview Process, Quality Review Process, Reference Materials, Volunteer Agreement, Timely Filing, Title VI “Civil Rights”, Site Identification Number, EFIN, Security Privacy and ConfidentialityI will not accept payment or solicit donations for federal or state tax return preparation.I will not solicit business from taxpayers I assist or use the knowledge I gained about them (their information) for any direct or indirect personal benefit for me or any other specific individual.I will not knowingly prepare false returns.I will not engage in criminal, infamous, dishonest, notoriously disgraceful conduct, or any other conduct deemed to have a negative effect on the VITA/TCE Programs.I will treat all taxpayers in a professional, courteous, and respectful manner.
19Interview/Intake Form 13614C (Handout) Interview Disability Awareness https://www.linklearncertification.com/courses/uploaded/ /SCOs/DOCs/ObjectFiles/13614c.pdfInterviewDisability AwarenessRemember:Screen for eligibility and ensure filing statusCheck identityCheck completed intake sheet for errorsReview supporting documentsUse probing questions“Unsure” responses must be changed to “Yes” or “No”Confirm the return is within program scope and your trainingConduct a quality review after return is prepared
20Interview/Intake Best Practices Make small talk Ask how referred or taxes completed previous yearsState qualification (certification)Forewarn of personal questionsQuestions necessary to complete tax return and ensure accuracyEx: Are you married? Do your dependents reside with you 6 months out of the year?Scan Intake SheetFocus on potential disqualificationsGo over in detail and make corrections (RED)
21Interview/Intake Out of Scope: Over $52K income total, add W2’s They can use MyFreeTaxes up to $57kMarried Filing SeparatelyK1 or any Complex BusinessRental Income/DepreciationForeclosure of Home
22Interview/IntakeIf we are unable to help (out of scope) or did not bring materials:Explain why we are unable to helpKeep in mind, to be compassionate and express regret for the situation.Return all papersTaxpayers may return once they have all documents (keep spot in line)Use Due DiligenceDefer to Site Coordinator
23Interview/Intake Identity Issues Must prove who you are No SS Card? Need SSN or previous year returnITINDriver License with birth dateNo SS Card?Last year completed will sufficeGo home and get itA letter from SSA with number on itApply for ITINApply to SSA for a new card and return
24Interview/Intake - Personal Exemptions Correct number of exemptionsExemptions allows $3,900 exclusion of income from taxation for each one entitledPersonal and dependent exemptionsCannot claim an exemption for dependent if they have already been claimed!
25Interview/Intake - Qualifications for Dependents Qualified Child Dependency TestEd & Sue have 2 children, ages 14 and 20. The older is at UCR full time, but lives at home during the summer and makes $4k. Which children are dependents?Mary’s daughter is unemployed so she lives at home. She was a student taking 15 units for the first 5 months in 2009 and then dropped out. Can Mary claim Betty as a dependent?For test 1, both children are dependents. 20 YO is full time student under 24 (step 6) and doesn’t provide over half his support (step 8)For test 2, Yes!
26Interview/Intake - Qualifications for Dependents Qualified Child Dependency TestChristina is 29, permanently disabled, and lives with her parents. She gets $9k in SSD and $5k in gifts from grandpa, which covers all her support (except a bed). Can her parents claim her?I had a baby in December, can I claim?Victor and Maria have two girls, age 3 and 4. They came to US after first son was born in Columbia. Victor, Maria, and 4 year old have ITIN’s. 3 year had a SSN. Are any of the children dependents?For test 1, No!For test 2, Yes!For test 3, Both, as there is no citizenship test, just residency.
27Interview/Intake - Qualifications for Dependents Qualified Relative Dependency TestJude and her son (11) live with her boyfriend Tim all year. He’s not the father, she does not have income, can Tim claim the child as a dependent?Can Jude also be claimed as a dependent?Jude and her son moved in with Tim on May 21st, 2013, who can Tim Claim?For test 1, Yes! Meets criteria for a dependent relative.For test 2, Yes! No age limitsFor test 3, None, must be all year!
28Interview/Intake - Qualifications for Dependents Personal and Spousal ExemptionDependent children cannot claim a personal one for their own taxesQualified ChildStudents up to age 24 or disabledRelative by blood or marriageMust live with you over ½ yearQualified RelativeReal relatives do not have to live with youNon-relatives do have to live with you all yearFor test 1, Yes! Meets criteria for a dependent relative.For test 2, Yes! No age limitsFor test 3, None, must be all year!
29Interview/Intake – Standard/Itemized Deduction Standard Deduction Rates. The applicable standard deduction rates for 2013 are $12,200 for married taxpayers filing jointly; $8,950 for head of household; $6,100 for individual taxpayers and $6,100 for married taxpayers filing separate. For purposes of the standard deduction, the amount under §63(c)(5) for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of $1,000 OR ($350 + the individual’s earned income). The additional standard deduction amount for the aged or the blind is $1,200; that amount is increased to $1,500 if the taxpayer is single and not a surviving spouse.Itemized Deductions. The limitations on itemized deductions (the Pease limitations) kick in at $300,000 for married taxpayers filing jointly, $275,000 for head of household, $250,000 for single taxpayers and $150,000 in the case of a married individual filing separately.
30Interview/Intake – Filing Status Head of HouseholdMarried Filing JointlyMarried Filing SeparatelyQualifying Widow(er) with Dependent ChildSingle Filing Status
31Interview/Intake – Filing Status SingleOn the last day of the year:Not marriedLegally separated or divorced, orWidowed before first day of tax year, not remarried within the yearMarried Filing JointlyThis filing status generally the most beneficialOne return is filed covering both spousesMarried and live togetherLive apart but not legally separated or divorcedLive together in recognized common law marriageSeparated but divorce decree not finalWidow(er) not remarried during the year
32Interview/Intake – Filing Status Married Filing SeparatelyAnalysis of living situation is critical:Marital status as of 12/31Others living in the home and their relationship/dependencyWho paid >50% cost of home upkeepIf widow(er): date of death of spouse and if there are any dependentsTaxes are generally higher for this statusSome credits unavailable, some reducedHead of HouseholdA taxpayer may qualify if he or she:Is unmarried or “considered unmarried” on last day of tax year, andPaid >50% cost of keeping up a home for the tax year, andHad a qualifying person living with them more than half the year (except for temporary absences)
33Interview/Intake – Filing Status Important questions:Who lives in house/apartment?Months/years in each home?Dependent relationship(s)?Marital status as of December 31?Documents Needed (Place in Envelope):License, Social Security Cards for all persons, Previous Year Return, All tax forms, and Blank Check for Direct Deposit
34Interview/Intake – Filing Status Important questions:Who lives in house/apartment?Months/years in each home?Dependent relationship(s)?Marital status as of December 31?Documents Needed (Place in Envelope):License, Social Security Cards for all persons, Previous Year Return, All tax forms, and Blank Check for Direct Deposit
35Interview/Intake – Filing Status Filing Status Exercises:Betty’s husband left her 3 years ago and hasn’t been heard of since. She has yet to divorce. She supports their 2 children, ages 8 and 5 in a home she rents. Her parents help with money for clothes and medical insurance for the children. Can she file as HOH?Pedro is not married. He sends $10k a year to support his parents in Mexico. Pedro got them ITIN numbers from the IRS two years ago and claims them as dependent relatives. What status can Pedro use?For test 1, Yes! Clothes & medical insurance aren’t a cost of home upkeeping.For test 2, HOH.
37Tax Prep - Review The Forms SocialLicense10991099-DIV
38Tax Prep - Review The Forms W2G1098TOther Common Tax Forms:Unemployment, Social Security
39Tax Prep - Beginning Logging into Taxwise Online Desktop: Username/PasswordOnline: Site Client Number/Username/Password
40Tax Prep - Beginning Inputting SSN Go To Tax Forms (DO NOT USE INTERVIEW)Main Information Screen (ALL CAPITALS)Inputting information where it is REDNo punctuationDon’t forget S!Biggest mistake seen on “Name Line 2. Use % for care of” (SKIP IT or Put Caretakers Name)Click “New Return” to begin a new return.Input SSN of taxpayer or Male Taxpayer if married.DON’T FORGET TO “GO TO TAX FORMS”.
41Tax Prep - Dependents Entering Dependents Who may be claimed as a dependent?Qualifying childQualifying relative1040 Pg. 1, link to Additional DependentsList from youngest to oldestAlways mark EIC boxEncourage all preparers to click the EIC box even if it appears taxpayer does not qualify.
42Tax Prep - Dependents Direct Deposit: Encourage all preparers to click the EIC box even if it appears taxpayer does not qualify.
43Tax Prep - Dependents Input accurate date Taxpayers select their own pins, that are unique from each yearIf Taxpayer has PIN, must be inputted or will be rejectedEncourage all preparers to click the EIC box even if it appears taxpayer does not qualify.Ensure the information is properly inputtedIf you look below you will see tax bracket as well as time spent in return.
44Tax Prep - Linking To Form FOLLOWING THE BOXESClick the fieldClick the document with the linkNew Forms and search for the form you need23Wages is the most common field, click on line 7, link to new form. Select “New” and go to w-2.41
45Tax Prep - Income Move to 1040 Pg. 1 on Tree Scroll to Line 7 Wages and Link to Applicable FormWages is the most common field, click on line 7, link to new form. Select “New” and go to w-2.
46Tax Prep - IncomeTaxable scholarships if 1098T shows scholarship bigger than billed amount (Room & Board)ONLY taxable if State refund exceeds state sales taxONLY if you itemized prev. yearOnly if deductions reduced tax liabilityWages is the most common field, click on line 7, link to new form. Select “New” and go to w-2.
47Tax Prep - Income Must be after 1984 Must be part of divorce agreement IS NOT FOR CHILD SUPPORTMust be claimed as paid by anotherIRS will check with ExWages is the most common field, click on line 7, link to new form. Select “New” and go to w-2.
48Tax Prep - IncomeInput W-2 as it is shown on the form
52Tax Prep – Income (SS, EDD) Social Security taxable if it exceeds $25k ($32 if MFJ), in which, overage is taxed not entire $25k.All unemployment taxed on FEDERALWithholding offered by state, but most taxpayers need the funds, therefore they don’t withhold!CASDI is not taxableFamily Leave is taxable
57Tax Prep – Schedule A Income Tax or Sales Tax Sales Tax requires separate form
58Tax Prep – Schedule A Medical Deduction Deductible only to extent they exceed7.5% of AGIMedical expenses paid by you for self, spouse, and dependentsIncludesInsurance Premiums, Copays, MileageExcludesNon prescription medicines
59Tax Prep – Schedule A Utilizing Itemized Deductions Property Taxes Only Ad VelorumAutomobile Registration Tax
61Tax Prep – Schedule A Gifts to Charity: Only qualified organizations Churches, United Way send receiptsExclude Clubs, Politics, Candidates, Individuals or where you receive a benefitGoodwill claimsCash or checksProperty less than $250All gifts should be documentedDon’t be afraid to ask about more detail or to disallow
62Tax Prep – Schedule A Miscellaneous Deductions: Must exceed 2% of AGI Union duesUniformsTax preparation fees from previous yearGaming losses are not subject to 2%Offset winningsMust be documented – time , place, amountNo list, no inclusion
63Tax Prep – Schedule C Business Expenses (add cash via scratchpad) Input “99999” for business codeGross Receipts column, link to form. This is where you’ll find your 1099 MISC.Vehicle information is very crucial and must be entered truthfully.
64Tax Prep – Schedule CCompensation not subject to SS wages Move out incentives Day Care subsidy Honorariums and Executor Fees Box 3 Always in box 7 Contract employees to avoid employment HR issues Some Stipends Remember use Schedule C 1099, and not one associated with 1040 Line 21Gross Receipts column, link to form. This is where you’ll find your 1099 MISC.Vehicle information is very crucial and must be entered truthfully.
65Tax Prep – Other Income Jury Duty if not returned by employer PrizesAwardsIncentivesHonorariumsExecutor FeesMove out Reimbursements1099 MISC Box 3Gross Receipts column, link to form. This is where you’ll find your 1099 MISC.Vehicle information is very crucial and must be entered truthfully.Educator ExpenseUnreimbursed expensesBooks, paper, equipment, used in classMust have receipts
66Tax Prep – Other IncomeGross Receipts column, link to form. This is where you’ll find your 1099 MISC.Vehicle information is very crucial and must be entered truthfully.
67Tax Prep – Gambling Winnings Gross Receipts column, link to form. This is where you’ll find your 1099 MISC.Vehicle information is very crucial and must be entered truthfully.
68Tax Prep – Child Tax Credit (CTC) (a) Allowance of credit There shall be allowed as a credit against the tax imposed by this chapter for the taxable year with respect to each qualifying child of the taxpayer for which the taxpayer is allowed a deduction under section 151 an amount equal to $1,000.(b) Limitations(1) Limitation based on adjusted gross incomeThe amount of the credit allowable under subsection (a) shall be reduced (but not below zero) by $50 for each $1,000 (or fraction thereof) by which the taxpayer’s modified adjusted gross income exceeds the threshold amount. For purposes of the preceding sentence, the term “modified adjusted gross income” means adjusted gross income increased by any amount excluded from gross income under section 911, 931, or 933.(2) Threshold amountFor purposes of paragraph (1), the term “threshold amount” means—(A) $110,000 in the case of a joint return,(B) $75,000 in the case of an individual who is not married, and(C) $55,000 in the case of a married individual filing a separate return.
69Tax Prep – Earned Income Tax Credit EITC TableRequirements:Earned incomeSS, EDD, Retirement, Lottery Winnings Doesn’t ApplyBe very diligent with EITC form, read each question carefully.
70Tax Prep – Earned Income Tax Credit Watch out for trick questions, information is pre-populated from Main Information ScreenBe very diligent with EITC form, read each question carefully.
71Tax Prep – Earned Income Tax Credit Read each question slowly or with the taxpayer. If you mark anything to the left, it automatically disqualifies!Be very diligent with EITC form, read each question carefully.
72Tax Prep – Earned Income Tax Credit Check each boxAccordinglyAnd rememberTo completeThis form verySlowly!Be very diligent with EITC form, read each question carefully.
73Tax Prep – Earned Income Tax Credit Be very diligent with EITC form, read each question carefully.
74Tax Prep – Earned Income Tax Credit Test:A taxpayer has interest income of $3,500. His job pays him $7,000 annually. He is 30, single, has a valid social security number and is not the qualifying child of anyone else, does he qualify?Starting in February of the tax year, Sam has cared for Lisa in his home. She is the 10 year old daughter of his stepson who also lives with him and is unemployed. Does Lisa meet the EITC requirements for a qualifying child?Be very diligent with EITC form, read each question carefully.No, EI is below limit for single, also investment income is above!Yes, meets all test
75Tax Prep (Form 8863) – American Opportunity Credit Refundable tax credit for undergraduate college education expenses. This credit provides up to $2,500 in tax credits on the first $4,000 of qualifying educational expenses. The tax credit is scheduled to have a limited life span: it will be available only for the years 2009 through 2017, unless Congress decides to extend the credit to other years.Details of the new American Opportunity CreditThe credit is worth up to $2,500 on the first $4,000 of qualifying educational expenses, which include course materials as well as tuition. The American Opportunity credit applies to all four years of undergraduate college education. The credit is gradually reduced (or "phased out") for income from $80,000 to $90,000 (or $160,000 to $180,00 for joint filers). The tax credit is not available for people with incomes above the phase out range. Up to 40% of the credit is refundable, meaning that it can generate a refund larger than the amount of payments you made.Calculating the American Opportunity Tax Credit AmountThe amount of the American Opportunity tax credit is:100% of the first $2,000 in qualifying education expenses, plus25% of the next $2,000 in qualifying expenses.For a maximum credit of $2,500 based on $4,000 in qualifying expenses.Up to 40% of the American Opportunity credit is refundable. That means up to $1,000 of the American Opportunity credit can be refunded to you, even if your tax liability is zero. This makes the American Opportunity credit potentially more valuable than the Lifetime Learning credit, which is non-refundable.Qualifying for the American Opportunity Credit?Individuals can claim the American Opportunity Credit for themselves or their dependents if the student is enrolled at least half-time in a college, university or other accredited post-secondary educational institution.Available for the First Four Years of Post-Secondary EducationThe American Opportunity Credit is available for the first four years of a student's post-secondary education, that is for the first four years of education after high school. The American Opportunity credit is not allowed if a student has already completed four years of college education in a previous year or if the student has already claimed the American opportunity credit four times on previously filed tax returns.What's a Qualifying Education Expense?Qualifying educational expenses for the American Opportunity Credit are tuition and related course materials. By contrast, "qualifying expenses" are restricted solely to tuition for tuition and fees deduction or the Lifetime Learning credit. For the American Opportunity credit, other course materials such as books, lab supplies, software and other class materials can qualify for the tax credit.
76Tax Prep – Lifetime Learning Credit The Lifetime Learning Credit is a tax credit for any person who takes college classes. It provides a tax credit of 20% of tuition expenses, with a maximum of $2,000 in tax credits on the first $10,000 of college tuition expenses. You can claim the Lifetime Learning Credit on your tax return if you, your spouse, or your dependents are enrolled at an eligible educational institution and you were responsible for paying college expenses. Unlike the American Opportunity credit, you need not be in the first four years of undergraduate classes. Even if you took only one class, you may take advantage of the Lifetime Learning Credit.Eligible Educational InstitutionsAll accredited colleges and universities are eligible educational institutions. Additionally, vocational schools and other post-secondary institutions are also eligible. Basically, if the institution is eligible to participate in federal student aid programs through the US Department of Education, then you may use tuition paid to the school for claiming the Lifetime Learning tax credit.Qualifying ExpensesQualifying expenses include amounts paid for tuition and any required fees (such as registration and student body fees). Qualifying expenses do not include any of the following: books, supplies, equipment, room and board, insurance, student health fees, transportation, or living expenses.You must be responsible for paying the college tuition and fees. You also need reduce your qualifying expenses when figuring your tax credit by the amount of financial assistance received from grants, scholarships, or reimbursements from your employer. You do not need to reduce your qualifying expenses, however, if you paid for college tuition using borrowed funds, including student loans, or by using gifts from family members.
77Tax Prep – Am/Lifetime Credit Review each fieldAnd remember to always read the instructions!
78Tax Prep – Am/Lifetime Credit Review each fieldAnd remember to always read the instructions!
79Tax Prep – CALIFORNIAMost common issue seen is filling in the Deceased Taxpayer or Spouse Information. Follow the form.
80Tax Prep – CALIFORNIA (W2) Taxpayers with multiple Federal W2, will need to have multiple CA W2This is completed by putting the cursor over the W2 and clicking the “+” sign. You will press this sign as many times as needed. You will then verify the amounts as shown above.a
81Tax Prep – CALIFORNIA (Non Refundable RENTERS CREDIT) Customer needs landlord info. or cannot claim
83Quality Reviewer Quality Review Example Retrieve Return Retrieve ReturnVerify all documents and information enteredRun DiagnosticsCreate E-FilePrint Return
84Quality Reviewer132Quality reviewers should click “Active Returns” from the home screen.The TIN reflects the SSN of the taxpayers returns.US E-File will state whether it has been filed or not, same for State.For Stage, please use the dropdown menu to indicate which process the return is in. If it is completed and sent, then drag to the respective item.
85Quality Reviewer61452Click “Run Diagnostics”, and look through the Forms Tree. During quality review, it is important to look at all items that are highlighted Green or Red. Green shows the form is complete, however there may still be room for error. Red shows there’s something missing or the form is simply incomplete.Don’t forget to “Save Return” and “Run Diagnostics” after quality reviewing and making any adjustments to the return.Once complete, “Print Return”, open in a new window as a PDF, and it is now ready for actual printing.3
86Exit Interview Meet with taxpayer Taxpayer should verify all informationSocial Security (ALL), Name Spelling, Address, etc.Review refund or amount owed with taxpayerInstruct on what credits they’re receivingInstruct on why they oweFailure to pay Federal Witholding (W9)Self Employment tax if they’re self-employedTaxpayer must sign 1040 PG 2Return ALL documents to taxpayerTaxpayer complete online survey either at site or at homeAvailable on CAP Riverside webpagehttps://docs.google.com/forms/d/1yryxqZtnXCdOlWD_eBtV8gBIkGAt-qspoaJW2IRj8mI/viewformExit Interview is the last process for volunteers
87Exit Interview -Financial Education Now that you’ve received your return, have you thought about savings?Bank AccountsSavingsIDA (Individual Development Account)CAP RiversideMatch Savings ProgramWorkshopsEarn, Collect, $ave PamphletExit Interview is the last process for volunteers
88Transmit Log into Taxwise and click Submit e-files From the home screen, Click “Submit E-files”.
89Transmit Click Select All and Press Continue 1 2 Click which returns you wish to have submitted to EFC. Press Continue, and on the next prompt, send returns.12
90Site Coordinator or Assistant Site PreparationAnswering Tax QuestionsSubmitting timesheets weekly (Each Site Has Online Folder)Supplies request when needed
91Final Recap Don’t prepare returns beyond your level Due Diligence W-2’s must match SSN (not ITIN)Driver License or Matricula as IDDon’t prepare fraudulent returnsWatch for fake SSNLast Names are importantITINUsed in lieu of Social Security number for filing taxesMust paper file to get oneConfidentiality is a MUST
92Final Recap Personal Exemption Head of Household Unless claimed as a dependent by anotherTeens and college studentsHead of HouseholdTricky, use 4012Widow(er) with Dependent – 2 tax years afterEnjoy the rewards of volunteering!
94Reminders Certify/Live Scan by January 24th, 2014 Software Training Once certified, print three (3) Volunteer Agreement and signGive one to Site Coordinator, Submit one to Program Manager via , keep one for yourselfSoftware TrainingVisit capriverside.org for training scheduleYou may sign-up for as many software trainings as necessarySite Coordinator Site Level MeetingJanuary 25th, 2014 at various sitesSite Coordinator will be in contact