Posted by on Mar 10, 2021 in Business | Comments Off on Methods about Clifton Park, NY

Methods about Clifton Park, NY

Members of VITA who work with military personnel and their families are given specialized training on military tax issues. Learn more about Padgett Business Services | Clifton Park, NY. As a former TAO (tax assistance officer) in the military, I was blown away by the fact that every TAO was required to undergo annual training and updated tax training modules in order to better perform this volunteer task and best assist fellow military personnel. With no disrespect intended to other “tax professionals,” it is a simple fact that military tax issues necessitate the services of a specialized tax trained person who is familiar with military pay, benefits, and compensation issues. What does the large number “Q” in block 13 of the W2 mean? A VITA volunteer from the military will be able to tell you everything you need to know. VITA military tax preparation volunteers have been specially trained to deal with the most common situations that most military personnel face. This important and military-specific assistance ensures accuracy in filing and prompt receipt of refunds; most are filed electronically for service members, and refunds are typically received in about one week. Free Tax Preparation for Senior Citizens Most of the time, the definitions of “senior citizen” and “elderly” are subjective. We are subjecting those aged 60 and older to this term for the purposes of receiving free tax preparation and filing from the IRS and VITA. The VITA program, in collaboration with Tax Counseling for the Elderly (TCE), partners with community-based non-profits to provide free basic tax counseling and tax return preparation. I use the word “basic” because, while these volunteers receive IRS training, they are not tax professionals; if you need to file every schedule and form under the IRS code, you should hire a professional, not a community volunteer. If you only need to prepare a basic tax return, don’t be afraid to do it yourself. There are a number of free online programs that you can use to complete your income tax return, or you can purchase tax software programs that will guide you through even the most difficult tax situations with ease.