Archives for: "February 2014"
VITA Royalties
February 14th, 2014Training for royalty transactions in VITA are brief and instructions for how to enter them in Taxwise are not easy to find. With some trial and error and investigation, I believe I understand how to best enter them in Taxwise. It is rather… more »
VITA (Taxwise) Intro
February 14th, 2014Working at VITA is quite a learning experience. Working with the IRS, non-profit organizations are able to offer free tax assistance to low-income individuals via the "Volunteers in Tax Assistance" program. To adequately staff the site, the VITA… more »
VITA Pointers I
February 14th, 2014After the first week at VITA I came across some issues that might be of interest to other VITA-ites. 1099-MISC There is an option to add Businees/1099-MISC income in the Income page of the Interview, where you add the W-2s and other 1099s. Only use that… more »
Unexpected Taxes
February 14th, 2014On an annual basis, taxpayers may be surprised by the additional taxes they may be liable for. Here's a few of those situations.
Employer provided credits
In anticipation of providing credits for some expenses you may have, some employers include those… more »
