Busy tax-help programs another sign of the times
March 25, 2010
Yet another sign of the economic downturn is the number of local consumers seeking free income tax advice.
Both Ivy Tech's tax preparation assistance program and the Volunteer Income Tax Assistance program are seeing more people lining up for help with their tax returns. Many receive advice about credits they were unaware of; others just need help navigating new tax laws.
Many organizations are involved in supporting and coordinating these programs: Area 10 Agency on Aging, city of Bloomington, the Ellettsville Branch Library, the Monroe County Public Library, Indiana University Maurer School of Law, Ivy Tech Community College, the American Association of Retired Persons, El Centro Comunal Latino and United Way of Monroe County. A big thank-you to all.
We also thank the unsung heroes who see that these programs work: the many volunteers who devote their time and expertise. For example, for 10 years, Greene County retired pastor Bob Lorimer has volunteered at the Monroe County Public Library, quietly assisting people with their returns. He finds joy in helping people make the most of their tax credits and claiming what is their due under tax laws.
In a national trend, accounting firms are seeing a decline in professionally prepared returns — also a casualty of the economic downturn. More people and businesses are trying to go it alone — some with online software — when filing their returns. That's great for those who know what they're doing, but if in doubt, it's still best to ask a professional. Little tax mistakes can end up costing a lot more later.
Copyright: HeraldTimesOnline.com 2010