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Wednesday, January 13, 2010

Tax Season Is Upon Us!

Let the WOBB help YOU out this year by filing your taxes for FREE! 
This service is for familes and individuals making under 57,000 (AGI) in 2009.  Scroll down to see what types of forms that we are able to support!

Reporting Forms that the WOBB supports are as follows;
  • W-2:  Wage and Tax Statements
  • 1099:MISC
  • 1099-R: Pensions, Annuities, IRAs, and Insurance Contracts
  • SSA-1099: Social Security Benefits
  • RRB-1099/RRB-1099-R: Failroad Retirement Board Statements
  • CSA 1099/CSF 1099R: Statement for U.S. Civil Service Retirement Benefits
  • 5498:  IRA Contribution Information
  • 1099-INT/1099-OID: Interest Income
  • 1099-DIV: Divedends
  • 1098-E: Student Loan Interest Statement
  • 1098-T: Tuition Statement
  • 1099-G: Government Payments (Unemployment or State/Local Tax Refunds)
  • W-2G: Certain Gambling Winnings
  • 1099-C: Cancellation of Debt
  • 1098: Mortgage Interest Statement
Forms and Schedules that the Benefit Bank Supports;
  • Form 1040: U.S. Individual Income Tax Return
  • Form 1040-V: Payment Voucher
  • Form 2106: Employee Business Expenses
  • Form 2441: Child and Dependant Care Expenses
  • Form 4684: Casualty and Theft Loss
  • Form 4972: Tax on Lump-Sum Distributions
  • Form 5329: Additional Taxes on Qualified Plans and Tax-Favored Accounts
  • Form 8396: Mortgage Interest Credit
  • Form 8453-OL: U.S. Individual Income Tax Declaraton for an IRS e-file Online Return
  • Form 8606: Nondeductible IRAs
  • Form 8812: Additional Child Tax Credit
  • Form 8862: Information to Claim Earned Income Credit After Disallowance
  • Form 8863:  Education Credits
  • Form 8880: Credit for Qualified Retirement Savings Contributions
  • Form 8888: Direct Deposit of Refund
  • Form 8901:  Information on Qualifying Children Who are Not Dependents
  • Form 8917: Tuition and Fees Deduction
  • Form 8919:  Uncollected Social Security and Medicare Tax on Wages
  • Form SS-8: Determination of Worker Status
  • Schedule A:  Itemized Deductions
  • Schedule B: Interest and Ordinary Dividends
  • Schedule C-EZ:  Net Profit From Business
  • Schedule EIC: Earned Income Credit
  • Schedule R: Credit for the Elderly or Disabled
  • Schedule SE: Self-Employment Tax
The Benefit Bank does NOT support the following;
  • You are a business owner or a statutory employee that must file a Schedule C
  • You and your spouse are dual-status or non-resident aliens
  • You have to make any of the following payments: Penalty for underpayment of estimated tax/ Alternative minimum tax/ Household employment taxes
  • You have codes R, P, T, or W in box 12 of your W-2

Call our offices today at 937-366-1279 to schedule an appointment or to find out more.  While your here, you can file your 2010-2011 FAFSA!

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