Tax-Aide Scope of Services
Tax-Aide Scope of Services
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What We Can and Cannot Do
What We Can and Cannot Do
We can normally do most federal and Maine state income tax returns for the current, and sometimes previous, tax year(s). The types and complexity of tax returns we are authorized to do may be limited by a number of factors.
These may include current tax laws, IRS regulations, program limitations, site availability, volunteer staffing, counselor certification level, and sheer complexity may limit our ability to complete your tax returns. AARP membership is not required to use our services.
The list below is provided only for guidance and is not all-inclusive.
Returns We CAN Do
Returns We CAN Do
Low to moderate-income taxpayers
Retired taxpayers
Self-employed individuals
Cash accounting ONLY, with no employees, no Inventory, no net operating loss, and no more than $50,000 in Total Expenses
Taxpayers who make contributions to their retirement accounts
Taxpayers who itemize deductions, if it benefits the taxpayer
Prior-year returns for (up to two (2) previous tax years if needed (dependent on scheduling & counselor training)
Amended Tax Return(s) for up to two (2) prior years, if in our system (dependent on scheduling & counselor training)
Returns we may be able to do:
Returns we may be able to do:
Digital Assets - Transactions*
EITC Disallowance
Foreclosure of a primary residence
Injured Spouse Allocation
Land ONLY Rental Income
Non-Resident (of Maine)
Sale of a primary home (with a 1099-S)
Taxable Scholarship & Grants
- Held no digital assets for the tax year or if the only transactions involving digital assets during the tax year were purchases of digital assets with real currency
- Held digital assets in a wallet or account, or transferred digital assets from one wallet or account they own or control to another that they own or control
- Received digital assets as an inheritance or gift
Returns We CAN NOT Do
Returns We CAN NOT Do
Note: Please contact a professional tax preparer if tax returns include:
Alternative Minimum Tax (AMT) calculations
Children with large amounts of unearned income ("Kiddie Tax")
Complex investments
Farm income w/expenses
Military Income (unless counselors are qualified for Military returns - please check with your site)
Moving expenses (unless counselors are qualified for Military returns - please check with your site)
Rental income of homes, apartments, etc. (Land ONLY may be okay)
Royalty income with expenses
Self-Employed: with employees, and/or have a Net Operating Loss or Expenses >$50,000, maintain Inventory, etc.
Virtual Currency Transactions (Bitcoin, etc.)
For more information:
Note: Please contact your local Tax-Aide site for the most current information.
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