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The complication of applying tax codes and the risk of being taken advantage of by paid tax preparation services is diminished with the presence of over 4,000 nation-wide VITA sites. One of the focal points of VITA is raising taxpayer awareness and receipt of the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC).
The company began in Canada in 1997 when John Hewitt, co-founder of Jackson Hewitt, acquired a Canadian tax franchisor, U&R Tax Depot. In 1998, the company became Liberty Tax Service and opened five offices in the United States. [3] In 2012, it was named as a "Top 20 Franchise for the Buck" by Forbes, having grown to over 3,500 franchise ...
Tax preparation may also be done by a licensed professional such as an attorney, certified public accountant or enrolled agent, or by an unlicensed tax preparation business. Because United States income tax laws are considered to be complicated, many taxpayers seek outside assistance with taxes (53.5% of individual tax returns in 2016 were ...
Decide Whether You’ll Be Itemizing on Your 2023 Return. Single tax filers will be eligible for a standard deduction of $13,850; for joint filers, it will be $27,700.
Lastly, taxpayers can call the IRS directly at 800-829-1040 with questions on how to file your tax return or about your tax refund. Consider a digital subscription to support our journalism.
H&R Block has 11,000 branded locations nationwide, and will recommend Xero in the locations that sell H&R Block's Small Business Program suite of services. The company signed a deal with Walmart in 2018, to make H&R Block software the only desktop tax preparation software sold at the retailer's stores. [62]
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