myfreetaxes software demonstration lee davenport one economy corporation...
TRANSCRIPT
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MyFreeTaxes Software Demonstrationhttp://bit.ly/taxtooltraining
Lee Davenport
One Economy Corporation
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One Economy Corporation
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Agenda
• Orientation and Purpose
• Tax Scenario
• Tax Preparation– Household Information– Income– Credits and Deductions– Quality Review and Filing
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• 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
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One Economy Offers
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Program Eligibility
• 2010 Adjusted Gross Income < $57,000
• Valid SSN# or ITIN#
• Valid Email Address
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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)
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EITC by Text Message
•Ideal for Client use•Compete with Holiday Loan Marketing!
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Smartphone Applications
• Ideal for field work and volunteers•Uses images and graphics to estimate eligibility•Spanish and English
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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
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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
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TheBeehive.org
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MyFreeTaxes.com
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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
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Single, 1 W-2
• Taxpayer Info– Tom Ashbrook
• Occupation: Coach• 1000 Broadway, Austin, TX, 78756
– DOB: 01/01/1970– SSN: 555-55-XXXX
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Dependent Info
• Son– John Ashbrook– DOB: 01/01/1999– SSN: 555-55-XXXX– Lived with Tom all 12 months in 2010
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Sample W-2