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Tip of the Day Ditch Your Car

Ditch Your Car - If you live in a community where everything is within a reasonable distance, you need to ask yourself why you are driving a car, which when...

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Free Tax Preparations

All of the following information can be found on the IRS website, www.irs.gov. One of the first things you might want to find out is whether or not you can qualify for free tax return preparation.

So after a quick search you find out that according to the IRS web site that low income individuals making less than $49,000 per year can receive help from VITA, volunteer income tax support program. This program is sponsored by the IRS and staffed by volunteers in locations across the country some of these locations are local libraries, schools, and community centers to name a few.

Volunteers at these locations will be able to help with electronic filing as well as answering questions about deductions and other tax problems. There is help specifically for people over 60 by Tax Counseling for the Elderly (TCE) and can often be found along with VITA volunteers. Military serviceman and women can also receive assistance and can refer to IR-2003-43 for more information. You can find a location online at the IRS website using their search option.

The most exciting thing to me is that you can electronically file your tax return saving you time and you don't have to wait as long for your refund which is nice. Electronic filing also saves the IRS time and money when compared to processing paper tax returns. Add to this the option of having your refund deposited directly to your bank account with direct deposit and you have no reason not to e-file your next tax return. I won't do it any other way.

Remember In order to receive free federal tax preparation assistance you will need to qualify to receive help. I would start by doing a search on Google or anther search engine and then picking one of the search results. So after looking over a few sites you might have a question that is not being answered. Go to the source on the IRS web site and search there. They also have a list of topics that you can look through and links to other helpful information.

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Definition of the Day Fitch Sheets

Fitch sheets- They are issued by Mr. Francis Emory Fitch, Inc they are the reports and are compiled on a daily basis. They are then stored away in a massive data bank to show trends in the stock market for future assessment they have records going back as far as...

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