Monthly Archives: January 2013

New Congress brings familiar proposal for boosting VITA

Congressman Honda

U.S. Rep. Mike Honda, sponsor of the VITA Act, addresses a 2011 NCTC event on Capitol Hill

As a new Congress and new tax-filing season get underway, a familiar proposal has reemerged for strengthening families’ financial security at tax time.

The VITA Act was reintroduced as H.R. 341 last week in the U.S. House of Representatives by Congressmen Mike Honda of California and Danny Davis of Illinois, two longtime supporters of the Volunteer Income Tax Assistance program. Read the rest of this entry

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Client Story Collecting Made Simpler this Tax Season

Sharron Holquin, an EITC recipient in Maryland, who shared her story at NCTC's Congressional EITC Awareness Day Briefing. On the right is Taunya E. Johnson-Oates,VITA Program Specialist, who worked with Sharron on her tax return.

Sharron Holquin, an EITC recipient in Maryland, who shared her story at NCTC’s Congressional EITC Awareness Day Briefing. On the right is Taunya E. Johnson-Oates,VITA Program Specialist, who worked with Sharron on her tax return.

The opening of the 2013 tax filing season is [finally!] here. As proposals for tax reform are being tossed around in Washington, D.C., it is critical that we bring the voices of our clients to the debate. That is why it’s so critical for VITA programs to collect client stories.

This year, NCTC has created a new and simpler procedure to help VITA sites capture the real-life stories of the clients they serve. This process will also help us gather stories throughout the tax season so we will be able to use them as soon as feasible. Read the rest of this entry

Recordkeeping Fundamentals: NEW! Online Module for Self-Employed Taxpayers

NTA ReportsFew entrepreneurs go into business because they love keeping detailed records of their business finances. Many, instead, launch a business in pursuit of self-fulfillment, independence, personal satisfaction and even necessity. Still, sound recordkeeping is essential for tracking business performance, making critical adjustments to improve performance and for tax purposes. Even the most talented entrepreneurial makers and doers often need some guidance when it comes to keeping accurate, timely and organized records. Read the rest of this entry

National EITC Awareness Day: Great Success!

eitc_badgecar2_The Community VITA field just wrapped-up yet another successful observance of EITC Awareness Day, which is used to promote the Earned Income Tax Credit and the valuable assistance it gives to hardworking, low- and moderate-income families. In 2011, this tax credit was responsible for keeping more than 6 million people – including about 3 million kids – out of poverty. And yet, the IRS estimates that each year, 1 in 5 eligible taxpayers fails to claim it.

NCTC hosted a Congressional briefing in Washington, DC on Jan. 24, co-sponsored by 19 other national policy and advocacy partner organizations, entitled “Together Strengthening Working Families: The Federal & State Earned Income Tax Credits.” The event drew more than 70 attendees, including many staff members from both the House and the Senate, and both Democrat and Republican offices. Read the rest of this entry

Paid-prep rules encounter a bump in the road

GavelThe movement toward common-sense regulation of paid tax preparers has hit a bump, but hopefully not for long.

A federal judge has ruled against the Internal Revenue Service’s efforts at better-safeguarding the financial security of the tens of millions of taxpayers who turn to commercial preparers each year. However, NCTC and the VITA field strongly urge federal policymakers to take the next wisest, appropriate steps necessary to ensure taxpayers don’t lose ground in the pursuit of accurate and high-quality services – steps that include the possibility of an appeal. Read the rest of this entry

GraceWorkz Offers NCTC Members Discounted Printer Supplies, Lifetime Free Printer Replacements

PrinterNCTC is committed to providing solutions and benefits for our Affiliates and Members to improve efficiency and effectiveness. We are excited to introduce a new partnership with GraceWorkz, a printer supply and maintenance company, who is offering our members a discounted rate on their GuardianPlus program.

 NCTC does not endorse or recommend any product or vendor to our members.

GraceWorkz is offering NCTC members and affiliates a cost savings and service program used successfully by the nation’s largest free tax preparation service for the past five years.

Affiliates and Members can use an exclusive NCTC offer to save 25-40% on your printing costs and receive free service and printer replacements. There are no start up or annual costs, no minimum orders, and no long-term commitment.  Read the rest of this entry