MFT PARTNER TRAINING

Transcript MFT PARTNER TRAINING

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AXES PARTNER TRAINING WEBINAR

MyFreeTaxes Partnership’s Mission

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To offer in-person and online tax preparation tools and assistance to hard working low- and moderate-income families To serve as a seasonal on-ramp for year round financial planning Target populations: Female heads of household, persons with disabilities, college students, veterans, low-wage workers

MFT Core Partners SPONSORED BY: POWERED BY:

MFT Brief History

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Year 1 (2009): 8,580 returns Year 5 (2013): 82,286 returns Total returns completed in 5 years: 180,000 Became a true network in 2013, centered around the Core Partners, their affiliates, and the Helpline Over the past 5 years, MFT has positioned facilitated self-assistance (FSA) tax preparation as a top virtual financial capacity-building tool for low-income households and community tax prep agencies

What’s New This Year?

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MyFreeTaxes.com website redesign H&R Block software redesign Helpline expanded hours: 9am – 10pm EST Mon – Sat

Preseason Common Questions

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Is my URL correct? How can I test it?

Type in your URL and press enter – the address will revert to the default myfreetaxes.com address You can view the SIDN matched with your URL at the bottom of your browser window If you discover your URL isn’t working properly after testing, contact [email protected]

for assistance

Preseason Common Questions

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How do I access the marketing materials?

Any marketing-related questions should be directed to [email protected]

Important Contact Info

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For your clients: MFT Helpline 1-855-MY-TX-HELP (698-9435) Menu Options:

1. Block Fees 2. Tax-related issues 3. VITA site help (IRS locator tool)

Chat and email can be accessed through MFT portal

Important Contact Info

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For Partner Agencies – that’s you Helpline Menu Options (continued):

4. Partners

Goodwill email (once again!): [email protected]

Volunteers

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If you’re utilizing volunteers exclusively for MFT, have them take the certification tests on the HR Block software.

Blended volunteers who’ve already trained/tested on TWO can still do practice problems from 4491-W on HR Block (get answers from your SPEC if you don’t already have them).

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AXES/H

R BLOCK LIVE SOFTWARE DEMO

Scenario

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Kimberly Gordon Head of Household Three dependents Income: W-2, 1099-G (unemployment), W-2G Student Loan Interest, Standard Deduction Credits: Dependent Care, CTC/Additional Child Tax Credit, American Opportunity Credit, EITC

Names & SSN’s

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Kimberly Gordon – 1234 Main St. Cleveland OH 44113 DOB: 10/01/72 SSN: 555-55-1234 Rachel Gordon – Full-time student, not filing DOB: 11/12/93 SSN: 555-55-2345 Briyonna Gordon DOB: 03/16/96 SSN: 555-55-3456 Tony Gordon DOB: 08/12/05 SSN: 555-55-4567

Kimberly’s W-2

Kimberly’s Unemployment Income

Kimberly’s Gambling Winnings

Kimberly’s Student Loan Interest

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Fed Loan - $87

Daycare info for Tony Precious Babies Daycare Center 1845 St Clair Ave.

Cleveland, OH 44115 EIN: 12-3123123 Payments made in 2013: $1,500

Rachel’s Tuition Info Payments received: $2,150 in loans, $350 out of pocket Other qualified expenses: $200 for text books

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Questions How much is Kimberly’s Student Loan Interest deduction?

Who qualifies Kimberly for the Child & Dependent Care Credit?

What is the amount of Kimberly’s Dependent Care Credit?

What are the amounts of Kimberly’s CTC and Additional CTC?

What is Kimberly’s American Opportunity Credit for Rachel?

How many of Kimberly’s dependents qualify her for EITC, and what is the credit amount?

What is Kimberly’s total federal refund amount?

Answers