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For the Public Low-Income Taxpayer Project
We handle a variety of cases, including: Deficiency Notices The Earned Income Tax Credit is for lower income working individuals . It is a credit to reduce the taxes you owe and may even get you a refund! To qualify you must meet the following:
If you think you qualify, contact your local VITA site or call the IRS for more information. Special requirements may apply. Is your electricity bill too high?
Families are eligible if: You are a renter or a homeowner who receives an electric bill from any of the companies listed below:
Call your local Community Action Program office to apply. The phone number can be found in your local directory. Important Contact Information
Anticipated Refund Loans
How do they work? Basically, a tax preparer fills out all the necessary forms you need to file your tax return. Then the tax preparer offers you a cash advance on your expected refund and you walk out the door with cash in hand. The snag. Most of these cash advances charge anywhere from 67 to 774% APR for the two-week secured loan. Which means when you receive your refund money the same day your tax return was prepared you actually received your anticipated refund minus a high service fee. Based on a recent report from the National Consumer law Center and the Consumer Federation of America, for a refund of $1,980 you pay $75 for the advanced refund payment plus $40 electronic filing fee. In other words, you pay $115 to receive your refund early. Some studies have shown that low-income taxpayers pay in upwards of $267 in fee for using RALs. There is an alternative. The IRS now offers an option where your refund is directly deposited into a bank account. To use the direct deposit option, all you need is the routing number of your bank and your account number. You can use this option whether you use electronic filing or paper filing. On average, people who choose to use direct deposit coupled with electronic filing receive their refunds in a week to two weeks from filing. So, you save $75 or more by using this option. Plus more and more tax preparers provide free electronic filing which will eliminate the $40 charge. Also, most of the IRS's VITA and TCE sites (see below for more information) use electronic filing and if you qualify they will prepare your taxes for free. So what should you do? Shop around. If you can wait a week or two, use the direct deposit option from the IRS. If you cannot wait, find out what the company charges for an advanced payment. If you want more information about RALs, check the IRS website at www.irs.gov or call the IRS at (800) Tax-1040 or (800) 829-1040. Need assistance with your tax return?
Trained volunteers can help you prepare your tax return. They are trained to file for the Earned Income Tax Credit (EITC), Child Tax Credit, and Credit for the Elderly for which you may qualify. In addition to free tax return preparation assistance, many sites also offer free electronic filing (e-filing). With this you could receive your refund in half the time it takes by filing on paper. Filing taxes can be easy and free! VITA sites are conveniently located in your community. VITA volunteers provide free basic income tax return preparation to individuals with incomes of $34,000 and below. They prepare Forms 1040A, 1040EZ, and Schedule A and B. Learn the locations, dates, and hours of the volunteer sites, by calling the IRS toll-free at (800) TAX-1040 or (800) 829-1040. This information was found at www.irs.gov. The Benefits of VITA
Did you know the IRS provides tax preparation assistance to the elderly? The Tax Counseling for the Elderly (TCE) is much like the VITA program. However, this program is specifically designed to help taxpayers age 60 and above file their individual tax returns. Each year, around February, TCE sites open up across the United States. Trained volunteers assist elderly taxpayers prepare their yearly tax returns for free. The volunteers are there to not only assist in filling out the forms, but to answer questions on Earned Income Tax Credit, tax credits for the elderly, and many other tax issues that face the elder population. But where are these TCE sites? Since the sites do not open until February, no current list is available. However, you can call the IRS toll-free at (800) TAX-1040 or (800) 829-1040 for more information and to find out where the closest TCE site is located. This information was found at www.irs.gov. CONTACT INFORMATION Low-Income Taxpayer Project
Lawyer Referral Program
Click HERE for more LRS information on this Web site. US Internal Revenue Service PRINTABLE BROCHURE IN SPANISH |
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