Tax Training Introduction (Federal and State)

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Presentation transcript:

Tax Training Introduction (Federal and State) 9/11/2018 Tax Training Introduction (Federal and State) NJ TAX-AIDE PROGRAM Tax Year 2016 12-09-2017 NJ TAX TY2016 v1.2 NJ TAX TY2016 v1.0

AARP Foundation Tax-Aide 9/11/2018 AARP Foundation Tax-Aide Funded by AARP and IRS Primary goal: “to provide accurate, free, tax return preparation and other tax-related assistance for low- to mid-income individuals” Tax-Aide started in 1968 and is now the largest nationwide, volunteer-run free tax service 12-09-2017 NJ TAX TY2016 v1.2 NJ TAX TY2016 v1.0 2

National, Volunteer-Run Program TY2016 National Statistics Taxpayers served: 2.6 million Federal tax returns prepared: 1.65 million 68% of clients were age 60 or over State tax returns prepared: 1.4 million Volunteers: 36,000+ 12-09-2017 NJ TAX TY2016 v1.2 NJ TAX TY2016 v1.0

NJ Tax-Aide TY2016 NJ Statistics 9/11/2018 NJ Tax-Aide TY2016 NJ Statistics Taxpayers served: 55,624 people Federal Tax Returns prepared: 38,000 (down 12% - attributed to new software) Federal E-file rate: 99% Sites: 150 Volunteers: 1,000 12-09-2017 NJ TAX TY2016 v1.2 NJ TAX TY2016 v1.0

Purpose of This Training 9/11/2018 Purpose of This Training Understand how/where to use your resources Understand and apply Federal and State tax law Prepare accurate tax returns Understand use of TaxSlayer (TS) software and e-filing Understand the Quality Review (QR) process 12-09-2017 NJ TAX TY2016 v1.2 NJ TAX TY2016 v1.0 5

Responsibilities Of An AARP Tax-Aide Volunteer 9/11/2018 Responsibilities Of An AARP Tax-Aide Volunteer Become certified as a tax counselor Pass IRS tests Demonstrate proficiency in preparing returns using TaxSlayer software Provide quality service Adhere to Volunteer Standards of Conduct Sign the Volunteer Agreement (Form 13615) 12-09-2017 NJ TAX TY2016 v1.2 NJ TAX TY2016 v1.0 6

What Kind of Returns Can I Prepare? 9/11/2018 What Kind of Returns Can I Prepare? We prepare returns for clients : Of any age Of any income With emphasis on senior and disabled population Clients do not have to be members of AARP Prepare only those returns with topics that you have been trained & certified on conform to AARP TaxAide Scope “What’s In / What’s Out” and “NJ Can Do / Cannot Do” Lists Refer taxpayer to paid tax preparer if anything on return is Out Of Scope Refer taxpayer to experienced counselor if tax subject is one from Topics for Experienced Counselors (covered in a later section) or if you are not comfortable with a particular tax situation Do not prepare a tax return when you suspect information is untruthful 12-09-2017 NJ TAX TY2016 v1.2 NJ TAX TY2016 v1.0 7

Certification Requirements 9/11/2018 Certification Requirements Take online training on Volunteer Standards of Conduct, Quality Review & Intake/Interview Sheet Pass the Volunteer Standards of Conduct and Intake/Interview tests with a score of 80% or higher Pass the Advanced IRS test with a score of 80% or higher Demonstrate proficiency in tax preparation & software Correctly complete required Federal/NJ returns in 2016 TaxSlayer software (Kent, Hale, and Lynch problems) Have all problems quality reviewed by an assigned mentor Sign the Volunteer Standards of Conduct Agreement Explain that there are training modules you must take online Volunteer Standards of Conduct module Quality Review & the use of the Intake/Interview Sheet module Explain that the Advanced IRS test includes questions on both Basic and Advanced topics. Do not have to take both tests; only Advanced 12-09-2017 NJ TAX TY2016 v1.2 NJ TAX TY2016 v1.0 8

Training & Testing/Certification Publications IRS Publication Description New Counselors Returning Counselors Distribution Method Pub 4012 Volunteer Resource Guide Mail to central site Mail Pub 4491 Training Guide “Evergreen” Pub 4491-X Training Supplement-Updates to Pub 4491, 4491W, 4012, 6744 & others Electronic-manually apply updates Electronic-Manually apply updates Pub 4491-W Problems & Exercises Electronic Pub 6744 Volunteer Assistor’s Test/Retest Some training documents are NOT to be used at sites (such as Pub 4491) All Publications are available online “Evergreen”- returning counselors must retain previous version 12-09-2017 NJ TAX TY2016 v1.2 NJ TAX TY2016 v1.0

All Publications are available online Other Publications All Publications are available online Publication Description New Counselors Returning Counselors Distribution Method IRS Pub 17 Your Federal Income Tax Mail IRS 1040 Federal Personal Income Tax Instruction Book Electronic-IRS site IRS 13614-C Intake/ Interview Form Paper-at Tax Prep sites Topic Specific Pubs Addressing specific individual tax topics IRS Site Pub 17 will be mailed to counselors in January 12-09-2017 NJ TAX TY2016 v1.2 NJ TAX TY2016 v1.0

All Publications are available online Other Publications All Publications are available online Publication Description New Counselors Returning Counselors Distribution Method IRS Pub 5157a Affordable Care Act Problems Mail NTTC Workbook Practice problems Electronic-AARP Volunteer Portal NJ 1040 NJ Personal Income Tax Instruction Book Electronic-NJ Div. of Taxation site NJ Tax Topics Gross Income Tax Pubs (GITs) 12-09-2017 NJ TAX TY2016 v1.2 NJ TAX TY2016 v1.0

9/11/2018 Important Websites TaxPrep4Free.org Separate home page for each role in Tax-Aide program: student, preparer, ERO, instructor, etc. Training resources: tax law info, proficiency problem scenarios, refund monitors, learning guides Preparer page – job aids, NJ Special Handling AARP.org/tavolunteers Volunteer portal includes news, Cybertax notifications, links for administration for AARP Tax-Aide volunteers County Specific Sites: Each county may have own website for calendars, internal processes, etc. 12-09-2017 NJ TAX TY2016 v1.2 NJ TAX TY2016 v1.0 12

All Tax Preparation Resources Are Provided At Sites 9/11/2018 All Tax Preparation Resources Are Provided At Sites All publications, equipment / supplies, security requirements Counselors can also bring their own copies of publications they received in the mail AARP/IRS laptops if needed Counselors are encouraged to use their own laptops Must certify personal laptop Directions for certification will be provided by EROs Site will have available computers, networking & printing equipment, all software & forms Counselors using their own laptops must go through a certification process to ensure that PC is secure & has the latest versions of software. Details will be provided 12-09-2017 NJ TAX TY2016 v1.2 NJ TAX TY2016 v1.0 13