Free Tax Preparation

Preparing our tax returns is often confusing and sometimes anxiety provoking. The constant changes in law and the complicated forms make doing the preparation ourselves more and more difficult, but deciding to have someone else do them is also a problem.

We don't always know that the people doing our taxes are competent, and that we are only paying what we should. To that problem, we add the variety of charges possible for these services. They can range from $50 to $400 for a fairly basic return.

If you use a service, be sure to check the Better Business Bureau first to see if others have lodged complaints. Ask for references and never be afraid to ask questions or to negotiate a better charge. Most companies are receptive to negotiation because they want your business. The worst thing that can happen is that they say no.

If you have a moderate or low income, consider AARP's free tax service. Yes, free! In fact, AARP is the nation's largest free service. The organization's volunteers offer their skills and expertise, meet locally with taxpayers who need to bring their records to the appointments, and submit electronically. AARP Tax-Aide locations are open from late January/early February through April 15. Visit aarp.com to find AARP Tax-Aide sites.

AARP pays special attention to those who are 60 and over. In addition to help with taxes, AARP offers estate and retirement planning services.

April 15 is just around the corner, but it's not too late to take advantage of this valuable service. Go to your appointment as prepared as possible. Organize your receipts. List possible deductions: medical, prescription, work/business expenses, child care, dues, property costs, interest/dividend payments, and charitable donations are some general categories. Staple your receipts to your list and store them with a copy of your return in a dated file folder. If the IRS comes knocking, you're prepared.

Of course, I hope you never experience an audit, and I wish you a really huge refund!