Free e-file with schedule C?

thomasb369 · Joined: 25 Aug 2007 Posts: 9

Can anyone tell me if the free e-file applies to those who need to
file schedule C? It seems I checked a few of the IRS-referred sites
last year and though I qualify based on income, age, location, etc,
once I got down to the fine print, schedule C was the dealbreaker.

Thanks very much for your assistance.

Tommy

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Archived from group: misc>taxes>moderated

Bill · Joined: 25 Aug 2007 Posts: 618

thomasb369@yahoo.com (Tommy) posted:

>Can anyone tell me if the free e-file applies to
>those who need to file schedule C? It seems I
>checked a few of the IRS-referred sites last
>year and though I qualify based on income,
>age, location, etc, once I got down to the fine
>print, schedule C was the dealbreaker.

Hi, Tommy, I'm one of those volunteers who prepare taxes free. We're
trained in basic tax law and how to use TaxWise software to prepare
common tax returns. But there simply isn't time to train us thoroughly
in the intricacies of Schedule C returns (which may include inventories,
depreciation, etc.).

Therefore, the insurance which covers volunteers against errors and
omissions specifies that we should not prepare any returns which include
forms or tax issues for which we have not been trained -- and the
Schedule C and E (rental real estate) are both cited as most common
problems.

We are told that if we were to prepare a return including such forms,
and the taxpayer sued, we would not be covered. Therefore, it would void
the entire policy terms if we were to undertake such work.

So we get a very stern lecture _not_ to undertake such things.

Sorry, you'll either have to do it yourself, or find a paid preparer. I
would recommend a good paid preparer, paricularly the first year you're
in business -- to make sure your setup is done properly. (If you then
become familiar with the forms and process, you can decide whether you
want to do it yourself.)

Bill

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ebetts3 · Joined: 25 Aug 2007 Posts: 55

On Feb 23, 10:34 am, "thomasb...@yahoo.com"
wrote:
> Can anyone tell me if the free e-file applies to those who need to
> file schedule C? It seems I checked a few of the IRS-referred sites
> last year and though I qualify based on income, age, location, etc,
> once I got down to the fine print, schedule C was the dealbreaker.
>
> Thanks very much for your assistance.
>
> Tommy
>
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> >
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> >

Need to check each one - How are we supposed to know? Depends on AGI,
location, age, etc.

========================================= MODERATOR'S COMMENT:
Please trim all that extra stuff before posting.

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