In a disappointing but not wholly unexpected decision, the U.S. Court of Appeals for the DC Circuit upheld the District Court’s ruling in Loving v. IRS that bars the IRS from fully implementing its paid preparer regulations. While this does not do away with requirements to obtain a PTIN for commercial tax preparers, it does continue to prevent testing and continuing education requirements from taking effect for the thousands of tax preparers who would have been regulated as Registered Tax Return Preparers. This also means it’s time to take the fight for a well-regulated tax preparation field down other avenues. Read the rest of this entry
R. Camille Henry is a junior high school teacher who just finished a master’s program in clinical counseling. She is also the proud mother of a ten-year-old son. She will be speaking at NCTC’s EITC briefing at the U.S. Capitol Visitors Center on January 30th.
The EITC has proven to be quite a beneficial credit to my family. As a young single mother, the EITC has allowed me to continue my educational journey, career aspirations and, most importantly, provide for the needs of my family. I used this supplement as financial support for school and to register my son for camp while I worked a part-time job during the summer months. I was able to finish my associate’s and bachelor’s degrees with the support of this credit and fulfill my dream of becoming a teacher. Read the rest of this entry
Last week, the U.S. House of Representatives overwhelmingly voted to approve the bipartisan budget agreement reached by Rep. Paul Ryan and Sen. Patty Murray, and the Senate is expected to vote to pass this deal as soon as Tuesday, Dec. 17, in time for members of Congress to head back to their home states for the holiday recess. Read the rest of this entry
The National Community Tax Coalition (NCTC) will be hosting its 9th National Conference September 10-13 in New Orleans, LA! The Conference, titled March Forward, is the premiere conference for the community tax preparation and asset building field. More than 400 attendees are expected to come together to learn, network, and celebrate as a field! Read the rest of this entry
While it seems as though our recent victory – sustaining VITA Grant funding at $12 million for FY2012 – was just yesterday, the work to ensure VITA funding in FY13 is already well under way. You may recall that the President’s FY13 budget proposal included a steady $12 million for Community VITA, and now 38 VITA champs in the House of Representatives have put in a request to the House Appropriations Committee for $15 million in the coming fiscal year.
Last week, Congressman Xavier Becerra of California wrote a letter to Chairwoman Jo Ann Emerson and Ranking Member José Serrano, the leaders of the Appropriations Subcommittee on Financial Services and General Government, requesting the increase in VITA funding in order to support the growing needs of the program. Read the rest of this entry
“You can’t tell the players without a scorecard,” according to the old baseball expression. Even in public policy work – where the stakes run much higher than a spring-training ballgame – a tally sheet can really help with keeping things straight, tracking and anticipating policy developments.
Tax Credits for Working Families has assembled two brief and helpful overviews of state-level action on such measures as the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC): Read the rest of this entry