NCTC recently received confirmation from IRS SPEC leadership that the 16 VITA programs currently participating in the Schedule C Initiative will once again be permitted to assist clients with Schedule C tax return filings during the 2014 filing season. This is a reversal of a previous decision earlier this year, and we wholeheartedly thank IRS SPEC and Wage and Investment leadership for their reconsideration and recognition of the importance of this initiative for our clients. Read the rest of this entry
IRS leadership has partially reversed its mid-October decision that limited VITA scope to assisting only self-employed individuals that meet the criteria for filing a Schedule C-EZ tax return. The IRS now is permitting the 16 programs of the Schedule C Initiative to continue to assist clients with Schedule C filings during the upcoming 2013 tax-filing season.
After soliciting guidance from the VITA field about the effects of reducing the scope of self-employment tax assistance, NCTC worked closely with IRS SPEC leadership to respond to these concerns and develop a solution that still allows low- and moderate-income, self-employed taxpayers to be served at VITA sites. Read the rest of this entry
Just like you, we at NCTC are gearing up for another exciting tax season. While we’re not anticipating any last second tax law changes like last year (how annoying was that?), there is plenty to look forward to in 2012. Here’s a quick peek at what NCTC is going to be up to next year:
- State of the Field Report – Last year, we issued our very first State of the Field Report. The report includes information on VITA statistics and performance, NCTC programs, NCTC membership, advocacy campaigns, client and program success stories. You can look forward to this year’s report in mid-January.