MyFreeTaxes Software Demonstrationhttp://bit.ly/taxtooltraining

Lee DavenportOne Economy Corporationldavenport@one-economy.com

One Economy Corporation

Agenda

• Orientation and Purpose• Tax Scenario• Tax Preparation

– Household Information– Income– Credits and Deductions– Quality Review and Filing

• One Economy’s free tax software guidesusers through the often complicated process of understanding and filing their taxes in accessible, easy-to-understand language.

• The Beehive’s Tax Tool empowers people to take control of their finances and achieve self-sufficiency.

Empowering Communities

One Economy Offers

Program Eligibility

• 2010 Adjusted Gross Income < $57,000

• Valid SSN# or ITIN#• Valid Email Address

Online Tax PreparationSite Logistics

Important Client Documents• Social Security Number or Individual

Taxpayer Identification Number for all names on return, including dependents

• Proof of Income: All W-2, 1098 and 1099 forms

• Total paid for child care provider and provider’s Taxpayer Identification Number or Social Security Number

• Bank account number(s) (if client is direct depositing the refund)

 

EITC by Text Message•Ideal for Client use•Compete with Holiday Loan Marketing!

Smartphone Applications

• Ideal for field work and volunteers•Uses images and graphics to estimate eligibility•Spanish and English

Staff Roles & Responsibilities

 CLIENTS MUST COMPLETE THEIR OWN RETURNS. Tax Coach: VITA certification, only person responsible

and designated to answer ALL tax-related questions– Work with clients on a one-to-one basis if traffic is slow; OR– Work as a roving coach helping a group of clients at once

Tax Assistant: ONLY answer web site-related questions, not tax questions– Check eligibility, documents– Explain process – Promote program

Data Collection: Tax Coach and Assistant will be responsible for collecting site-specific data, sign-in sheets

 

Client Experience

Step 1: Intake, sign-in and client triageStep 2: Begin tax preparation, ask Tax Coach

for assistance if any tax questions arise or Tax Assistant for website questions

Step 3: Final return printed and client receives a document with important post-filing instructions• Telephone number for any tax-return

questions – IRS and local tax number• User ID/Password information

TheBeehive.org

MyFreeTaxes.com

If you do not see the Beehive logo in the upper right corner, do not proceed. Log out and start again at TheBeehive or MyFreeTaxes

Single, 1 W-2

• Taxpayer Info– Tom Ashbrook

• Occupation: Coach• 1000 Broadway, Austin, TX, 78756

– DOB: 01/01/1970– SSN: 555-55-XXXX

Dependent Info

• Son– John Ashbrook– DOB: 01/01/1999– SSN: 555-55-XXXX– Lived with Tom all 12 months in 2010

Sample W-2