Tax Tips: More free help with your taxes

If yesterday's tips on free help with your taxes weren't enough for you, here's even more free help that you can get. The IRS sponsors a program called Volunteer Tax Assistance (VITA), through which trained volunteers provide free preparation of basic tax returns for those who qualify. Low income taxpayers (earning $40,000 or less) are eligible to use the VITA program, and there are many sites around the country that are available.

The elderly can also participate in a program called Tax Counseling for the Elderly (TCE). These volunteers know more about issues facing the elderly, such as pensions, IRAs, and social security.

Finally, there is the Low Income Taxpayer Clinic (LITC) sponsored by the IRS which helps lower income individuals who are in the middle of tax disputes. This program helps them with audits, appeals, collection issues, and tax litigation for free or at a minimal cost.

Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.

Which Receipts Should I Keep for Taxes?

Knowing which receipts to save and which to toss will help you maximize your tax refund while minimizing the amount of paperwork you have to save for tax time each year.

Read More

Brought to you by TurboTax.com

When to Use Tax Form 4137: Tax on Unreported Tip Income

You may need to use IRS Form 4137 to calculateany additional tax you may owe on unreported tip income.

Read More

Brought to you by TurboTax.com

Tax Tips for Freelance Writers and Self-Published Authors

If you earn money selling your words to websites and other publishers, the Internal Revenue Service will likely say you’re a small business owner. Freelance income is self-employment income, and so are any royalties you receive for that book you published or self-published. That can be a good thing, because the self-employed are privy to some tax perks that employees don’t usually receive.

Read More

Brought to you by TurboTax.com

Will the IRS Keep My Refund if I Didn't File My Taxes Last Year?

If you're concerned about your tax refund being held by the IRS because of unfiled returns, you have a couple of options to reduce or eliminate any extra wait for your current-year refund.

Read More

Brought to you by TurboTax.com
Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.