Volunteers Needed for Free Tax Service in Indiana
Volunteers Needed for Free Tax Service in Indiana

Volunteers Needed for Free Tax Service in Indiana

News summary

Indiana's Free Community Tax Service is seeking volunteers for its Tax Hero program to assist low- and moderate-income families with free tax preparation, emphasizing the impact volunteers can have on local communities while gaining IRS certification. Meanwhile, Canada is moving towards automatic tax filing for eligible citizens to make the process simpler and more efficient, particularly benefiting low-income individuals. This initiative aims to reduce the complexities of tax filing by pre-filling returns based on existing data with the CRA, thereby decreasing errors. In a discussion on succession planning for tax leadership, experts highlight the challenges posed by retiring baby boomers and the need to attract younger professionals to the field. Additionally, millennials are encouraged to engage in proactive tax planning to navigate financial challenges unique to their generation, such as student loans and the gig economy. Lastly, there is a call for significant tax reform in the U.S. to simplify the tax code and eliminate corporate handouts, advocating for a flat tax system to streamline filing processes for American taxpayers.

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30 days ago
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