Students must register for the VITA 200 course for the Spring 2016 semester. (This course meets the Tusculum College service learning requirement).

COURSE DESCRIPTION: This course is designed to help the student: become competent in the application of federal income tax law as it pertains to the individual, acquire the ability to interview clients in order to understand their particular federal income tax needs, and apply the correct tax law to each client’s situation.

Three semester hours

Students will complete 2 sections of the course.

Section one: instruction in Internal Revenue Service tax law and forms, Link and Learn application, interview techniques, and Tax Wise operation.

Saturday 1/14

Complete the Ethics and Basic Training

Filing Status

Dependent – child and other – non dependents

Income – W2, interest income (taxable and nontaxable), dividends

Adjustments – Penalty on early withdrawal

Standard deduction and adjustments

Credits – child & dependent care credit

Retirement savings credit, child tax credit,

Earned Income Credit, additional child tax credit

Tax calculation, refund and payments.

Saturday 1/21

Complete Advanced Training

Complete the Link and Learn test

Income – Schedule C, Pension, Social Security, other

Adjustments – Alimony, IRA, student loan, jury duty,

Itemized deduction

Credits – Foreign tax credit

Education Credit

Retirement Savings Credit

Residential Energy

Refundable education credit

Affordable Care Act tax, penalty and credits

Saturday 1/28

Complete Military Training

Moving expenses and Schedule E rental income

Complete the Link and Learn test

Section two: Application of these skills in the free preparations for the community of tax returns at community sites.

Site Information:

Monday 4:30 to 9:30 at the Appalachian Community Federal Credit Union in Gray, TN

Thursday 4:30 to 9:30 at Tusculum College

Saturday 8:30 AM to 1:30 PM at the Greeneville Light and Power.

We will be closed during spring break and Easter.