Newsletters and Quality Alerts- 2007 Filing Season

Newsletters are an effective way to communicate recent developments in the tax law and a method to discuss issues that volunteer tax assistors often face.  We want to provide the volunteer tax assistor with as much information about the tax law that affects the tax returns you are preparing, and the resources available to find solutions to questions and issues that arise during the preparation sessions.

The newsletters below are arranged  according to topics of importance.  All newsletters are posted in PDF file format and you will need Adobe PDF Reader in order to view/read the files.  Get free Adobe PDF Reader for:  Windows    Mac

We encourage you to periodically visit our newsletter section to find timely answers to questions that you may have.

Get the latest updates here........

If you do not receive your Form W-2, Form 1099-R, Form 1099-INT, or Form 1099-MISC by January 31st , or your information is incorrect, contact your employer/payer....more

You have two easy and convenient options for getting copies of your federal tax return information--tax return transcripts and tax account transcripts--by phone or by mail....more

The ITIN is a tax processing number that became available July 1, 1996, for certain nonresident and resident aliens, their spouse and dependents. The ITIN is only available to individuals who cannot get a social security number (SSN).
...more

The Earned Income Tax Credit (EITC) is a tax credit for people who work but do not earn high incomes.  For eligible taxpayers, EITC is a valuable tool to lower their taxes or to claim a refund...more

Publication 596

If you paid someone to care for a qualifying individual so you (and your spouse if you are married) could work or look for work, you may be able to claim the credit for child and dependent care expenses. More.......

Education tax credits can help offset those costs. The Hope Credit and the Lifetime Learning Credit are education credits you can subtract in full from the federal income tax, not just deduct from taxable income. More......

If you itemize your taxes, you may choose to deduct state and local sales taxes instead of state and local income taxes...more

Generally, most income you receive is taxable.  But there are some situations when certain types of income are partially taxed or not taxed at all.  A complete list is available in IRS Publication 525, Taxable and Nontaxable Income...more

Your business may be eligible to use the abbreviated Schedule C-EZ instead of the longer Schedule C when reporting business profit and loss on your 2005 Form 1040...more