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VITA - What to bring to your
VITA session |
In order to receive income tax
assistance, individuals should bring the following to a VITA session.
-
Identification
(photo ID such as a valid driver’s license
or passport).
-
Form
13614-C
–
This form
is an editable PDF document.
Please fill out and bring to your
session.
-
Social
security cards for each person listed on
the return (includes taxpayer, spouse, and
all dependents).
THIS IS REQUIRED!
The only
alternative would be a letter from the
social security administration indicating
the number; or if you e-filed with us last
year, your last year’s return containing
form 8453 (signature document) and no
problems with the social security numbers.
-
All documentation on income such as W-2s
and 1099s.
-
Last
year’s return.
This is
necessary if the taxpayer itemized last
year and now has a state refund to be
added back to income.
This is also helpful to ensure
income and deductions taken in a previous
year are revisited for inclusion in the
current year.
-
Voided check (no
deposit slips) if the taxpayer wishes
direct deposit of the refund.
If the direct deposit is to a
savings account, a document that
indicates the number.
This is also a must.
The account must be in the
taxpayer’s name!
Taxpayers have the option to direct
their refund into three different accounts
and purchase up to three Series I Savings
Bonds.
Form 8888 will handle this task.
-
All information related to deductions and
credits such as medical, real estate
taxes, mortgage interest, education
expenses, and charitable expenditures.
It’s important that taxpayers bring
in their
property tax statements which should
have the property tax index number on
them.
This is required on the Illinois
return.
-
Social security number or tax
identification number and addresses of all
daycare providers if the dependent care
credit is desired.
-
Tax-free childcare benefits provided
through an employer.
-
Divorced couples:
If the noncustodial parent is
taking the dependent exemption, need form
8332 signed by the custodial parent (for
divorces or separations in 2009) or copy
of applicable pages of divorce agreement
or form 8332 (for divorces or separations
prior to 2009).
-
Information on contributions to Individual
Retirement Accounts (IRAs).
-
For stock transactions:
need purchase date and cost basis as
well as sale date and sale price
(note that VITA will not prepare a complex
Schedule D).
-
For the Homebuyer’s Credit, taxpayers must
have a copy of their binding
contract/settlement statement.
This must be filed with the return.
The return cannot be efiled.
Other items taxpayers need to know or be aware
of when they come to the VITA site:
-
Both spouses must be present if they are
going to e-file a joint return.
-
Are you being claimed as a dependent on
someone else’s return?
VITA will not
be able to assist taxpayers with the
following:
-
Out of state and multiple state returns
-
Prepare or e-file a return for a small business (Schedules C and F). However, we can do a Schedule C-EZ for nonemployee income.
-
Prepare or e-file a return for rental property (Schedule E).
-
Prepare or e-file a complex Schedule D (capital gains/losses).
-
Prepare or e-file a form 8606 (nondeductible IRAs)
-
Prepare or e-file a form 8615 (minor’s investment income)
-
Military and international (nonresident) returns
We will be able to prepare 1040, 1040A, and 1040 inclusive of itemized deductions. We will not prepare complicated returns. If your return is outside of our scope we will let you know that we cannot assist you.
Please
note:
The
information covered on our web site is not
intended as tax advice nor should it be
construed as tax advice.
Monmouth College volunteers are not
professional tax advisors and cannot give tax
advice.
For tax advice assistance, contact a
professional tax advisor.
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College
700 E. Broadway - Monmouth, Illinois 61462
jpeterso@monm.edu -
309-457-2365
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