The IRS sponsors volunteer programs for helping low income families prepare their taxes. The program is called Volunteer Income Tax Assistance (VITA). the program is run through 179 organizations and receives $12 million in federal grants.
A noble idea but how well do the volunteers do? According to the Treasury Inspector General for Tax Administration (TIGTA); they leave a great deal to be desired. The TIGTA performed an audit on 36 tax returns that the volunteers prepared in 2010. The report showed only 14 were done correctly, that equates to 39%. The TIGTA has recommended implementing a review process to ensure higher quality work by volunteer preparers.
A noble idea but how well do the volunteers do? According to the Treasury Inspector General for Tax Administration (TIGTA); they leave a great deal to be desired. The TIGTA performed an audit on 36 tax returns that the volunteers prepared in 2010. The report showed only 14 were done correctly, that equates to 39%. The TIGTA has recommended implementing a review process to ensure higher quality work by volunteer preparers.
Labels: tax preparation
