The information contained on this site is provided for informational purposes only and should not be construed as professional advice.
Send-A-Friend In-Office Referral Program
Valid at participating locations. Referral payment amount, terms, conditions, and availability vary by location and are subject to change without notice. To qualify, your Friend must: (1) Be a new Liberty Tax® customer; (2) Present your valid Liberty Send-A-Friend coupon in store; and (3) Prepare, file and pay for their tax return preparation in the store. Discount offer valid only for intended recipient, cannot be combined with any other offer, and may not be used toward past services. Other exclusions may apply. Void where prohibited by law.
Liberty Tax® School
There may be a small fee for books, which vary per market. Availability is based on classroom capacities per office.
Liberty Tax Service® has been approved by the California Tax Education Council to offer Liberty Tax® School (CTEC Course #2097-QE-0001), which fulfills the 60-hour “qualifying education” requirement imposed by the State of California to become a tax preparer. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-2890, toll-free by phone at (877) 850-2883, or on the Internet at www.ctec.org
Licensed by Oregon Higher Education Coordinating Commission (OAR) 715-045-0033(6). Students must pass the Tax Preparer examination given by Oregon Board of Tax Practitioners before preparing tax returns for others.
In Maryland and New York, additional instruction and requirements are necessary to prepare an individual for employment as a Registered Tax Return Preparer.
In Arkansas, Liberty Tax® is licensed By the SBPCE State Board.
In Tennessee, students will be offered employment per satisfactory completion.
Liberty does not make any promise, warrant or covenant as to the transferability of any credits earned at Liberty Tax Service®. Credits earned at Liberty Tax Service®, may not transfer to another educational institution. Credits earned at another educational institution may not be accepted by Liberty Tax Service®. You should obtain confirmation that Liberty Tax Service® will accept any credits you have earned at another educational institution before you execute an enrollment contract or agreement. You should also contact any educational institutions that you may want to transfer credits earned at Liberty Tax Service®, to determine if such institutions will accept credits earned at Liberty Tax Service® prior to executing an enrollment contract or agreement. The ability to transfer credits from Liberty Tax Service® to another educational institution may be very limited. Your credits may not transfer, and you may have to repeat courses previously taken at Liberty Tax Service® if you enroll in another educational institution. You should never assume that credits will transfer to or from any educational institution. It is highly recommended and you are advised to make certain that you know the transfer of credit policy of Liberty Tax Service®, and of any other educational institutions you may in the future want to transfer the credits earned at Liberty Tax Service®, before you execute an enrollment contract or agreement.
*Enrollment in, or completion of, the Liberty Tax® Course is neither an offer nor a guarantee of employment, except as may be required by the state. Additional qualifications may be required. Enrollment restrictions apply. State restrictions may apply and additional training may be required in order to become a tax preparer. Valid at participating locations only.
Want to help manage your year-end taxes? Here are some tax-saving planning tips:
Donate to your favorite charity. Charitable contributions to a qualified tax-exempt organization are an excellent way to decrease your taxable income. Plus, they help others. Do you have an older vehicle sitting around that nobody uses? Donate it. Older clothes, etc. Be certain you receive a receipt (written acknowledgement) containing the dollar amount of your donation. This will be needed for tax purposes. The IRS does not consider a cancelled check alone as sufficient proof of a donation of $250 or more.
Buy U.S. Savings Bonds. These investments are tax-free until the date they are cashed. In other words, the income is deferred until the day you cash them.
Hire your children. If you own a business, consider hiring your children to shift some taxable dollars to them. By hiring your own kids to work in your business, you lower your taxable income and the kids receive tax-free income. If they are too young to perform easy tasks such as washing the company car, include their picture in your company literature. Older children can perform tasks such as filing and answering the phones.
Stock Option Trust. Consider putting some or all of your nonqualified stock options in trust for your children. Although you must pay income tax on the value of the options when they are exercised, you could save quite a lot of estate and gift tax. Most option plans may need to be amended to allow this type of transfer. Consult with your financial planner for more details.
Life insurance proceeds. Another way of transferring money to other members of your family is via life insurance. The face value of the policy is not taxable to the recipient if such amounts are paid by reason of the death of the insured. Life insurance is considered a form of trust, whereby the insuring company is the trustee. Interest received from the policy is taxable to the recipient, however. Distribution amounts (income) will be shown on Form 1099-R.
Gifts. Consider giving gifts of either property or cash to help reduce your tax liability. Excluded from gross income are the following: