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Casual Articles - Study Shows Volunteer Tax Preparers Are Often Wrong
Three economists go hunting and come across a large deer. The first economist fires and misses three feet to the right. The second fires and misses three feet to the left. The third doesn't fire, but s
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According to the Treasury Inspector General for Tax Administration, volunteers run a 6 in 10 chance of errors, only a slight improvement over last year.
The Inspector General asked volunteers to prepare tax returns for two hypothetical taxpayers. Only 39% of this year's returns were prepared correctly. Last year, 34% were correct.
The IRS has been encouraging taxpayers to seek tax filing assistance at volunteer centers, instead of from the IRS. The centers have been developed to assist low- to moderate-income, elderly and disabled filers. They also assist taxpayers with limited En
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The Inspector General asked volunteers to prepare tax returns for two hypothetical taxpayers. Only 39% of this year's returns were prepared correctly. Last year, 34% were correct.
The IRS has been encouraging taxpayers to seek tax filing assistance at volunteer centers, instead of from the IRS. The centers have been developed to assist low- to moderate-income, elderly and disabled filers. They also assist taxpayers with limited E
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The IRS has been encouraging taxpayers to seek tax filing assistance at volunteer centers, instead of from the IRS. The centers have been developed to assist low- to moderate-income, elderly and disabled filers. They also assist taxpayers with limited E
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The IRS has been encouraging taxpayers to seek tax filing assistance at volunteer centers, instead of from the IRS. The centers have been developed to assist low- to moderate-income, elderly and disabled filers. They also assist taxpayers with limited E
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The first scenario that the volunteers faced was a divorced taxpayer with a 10-year old child. The taxpayer worked as a store clerk and received child support. The second scenario was a single taxpayer who lived with her sister and only had her three children during the summer months.
In most cases, the errors were in the taxpayers' favor. In general, the taxpayers would have gotten $31,828 as a group more than they should have.
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