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With the new year just around the corner, now might be the time to prepare for tax season. While this process can be cumbersome and lengthy, knowing how much you can or should do to prepare for the...
VITA offers free tax preparation for moderate- to low-income individuals who make $60,000 or less, disabled individuals, senior citizens, or those who have a language barrier. Last year, the AGI ...
Tax season can be a stressful time, even if you hire someone else to prepare and file your return for you. But the average cost of having someone do a simple non-itemized Form 1040 and state ...
Today, tax preparation remains a highly unregulated industry and around 60% of all taxpayers turn to a paid preparation service. The longevity of the VITA program is dependent on funding being approved and provided by Congress. The last official act to support the IRS initiative was made in 2017.
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 ...
Form 1040, U.S. Individual Income Tax Return; Form 1040A, U.S. Individual Income Tax Return; Form 1040EZ, Income Tax Return for Single and Joint Filers with No Dependents; Form 1041, U.S. Income Tax Return for Estates and Trusts (for 1993 and prior years, this was known as "U.S. Fiduciary Income Tax Return");
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