This is a work in progress.  ​

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 Lesson 1: UNDERSTAND WHAT INCOME TAX IS &  WHAT VITA IS

Introduction to Taxes--types and what the are for:
•Purpose of taxes
•Who Must File and Why.
•Understand the goals and importance of the VITA program.
•Earned vs Unearned Income.
•Prepare a tax return with W-2 and W-2 income.



Compare your work here:

Scenario # 1 - Hailey Simpson

Scenario # 2 - 


Ask your family/friends:

• What type of tax forms do they usually get? W2's, 1099-NEC's, 1099-Rs, etc.?

 

• Do they have earned or unearned income?

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 Lesson 2: 

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Below are the ones I had for Ty2023. I am redoing them so there are more and shorter-- we will have more time this year --fingers crossed. New ones coming soon
​These are shorter training sessions  than normal-- each session has a short instructional/discussion component followed by a practice scenario to enter in the software-- hands on learning is important, gets you used to the software-- applies what you learn, and a lot more fun than just listening or reading information.

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Day 1
​Click the image to view video
Click here for for PDF of the training
Click here for PowerPoint of the training

Click here to see a PDF of the tax return.
Click image for recording of me explaining the tax return to the client

Day 1

• What is VITA                       
• Volunteer Protection Act 1997
• Why Taxes?                          
• The 5 Filing Statuses
• Dependents-Who can you Claim?
• Income--W2s & W2-Gs         
• Educator’s Expenses
• Splitting the Refund

Click image below to download the client information for the scenario worked on in class.

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Day 2
​Click the image to view video
Click here for for PDF of the training
Click here for PowerPoint of the training

Click here to see a PDF of the tax return.
Click here to see the Homework for Day 2

Day 2 

• Understand difference between and the types of  Non-Refundable and Refundable Credits
  
• 1099-R Retirement Form—how to look up Distribution Codes
• Add/Edit tax return done is session 1 training

Click image below to download the client information for the scenario worked on in this class.
**We are finishing (adding to) the return done in the First Session.

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Day 3
​Click the image to view video
Click here for for PDF of the training
Click here for PowerPoint of the training

Day 3
•Interest/Dividends                   •Capital Gains
•Brokerage Statements              •Education Credits
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Click image below to download the client information for the scenario worked on in this class.

Click here to see a PDF of the tax return.
Click here to see the Homework for Day 3

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​Day 4
​Click the image to view video
Click here for for PDF of the training
Click here for PowerPoint of the training

Day 4
•Scope of Services for Self-Employment
•Income & the various forms
•Expenses
•Entering in Taxslayer
•Affects of tax return
​Uber & Lyft Drivers

Return AGI $48,887  Julia Oakley Owes $724
Click here to see the Homework for Day 4

Click image below to download the client information for the scenario worked on in this class.

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Day 5
​Click the image to view video
Click here for for PDF of the training
Click here for PowerPoint of the training