Jim Young

What Do I Do With an IRS Letter?

Posted on 03/27/2013 by | Money | Comments

Money & SavingsThe following is a guest post by Jim Young. If you are one of those folks who just hate bad news, why take a chance by opening a letter from the Internal Revenue Service? You won’t be receiving a notice that you won the lottery. More likely you will be informed that you owe additional tax or get equally distressing news – it’s audit time. Most initial letters from the IRS ask for additional information regarding a tax return you …

How Long Should I Keep Tax Documents?

Posted on 02/6/2013 by | Money | Comments

Money & SavingsThe following is a guest post by Jim Young. Ever wonder how long you really need to hold on to your tax documents? Depending on which expert you ask, you might get a range of responses ranging from a few years to a lifetime. See also: Find an AARP Foundation Tax-Aide location near you. IRS Publication 552 gives you a direct answer and says that you are required to keep records as long as they may be needed for the …

AARP Foundation Tax-Aide Needs Volunteers

Posted on 11/13/2012 by | Money | Comments

Money & Savings | VolunteeringThe following is a guest post by Jim Young. Want a rewarding volunteer experience in 2013? If you’re good with numbers, people or computers — or better yet, all three — AARP Foundation has opportunities right up your alley. During the 2012 tax season, AARP Foundation Tax-Aide’s 35,000 volunteers served 2.6 million taxpayers across the country. Most of the volunteers prepare federal tax returns. These folks come from every imaginable background. Some have accounting and financial experience, but that’s not …