Monday, January 29, 2007
College of Business student volunteers offer free tax help
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Through the Volunteer Income Tax Assistance Program (VITA), USI student volunteers will provide free tax assistance on Wednesdays, February 7-April 11, 2007. “This is a good opportunity for people who have reasonably simple income tax returns and want to avoid having to pay for professional tax preparation services,” said Brett Long, associate professor of accounting and business law. “It is also a great experience for our accounting students.” In VITA programs, the Internal Revenue Service partners with national and local organizations to provide tax services to individuals with low-to-moderate income at no cost to the taxpayer. Accounting students will interview and prepare the taxes of other students and relatively low-income taxpayers who make an appointment for this service. This site will not prepare Sch. C business forms or Sch. E rental forms. Your federal and state tax returns are prepared while you wait and all taxpayers must be available to sign their returns. Preparation of returns typically takes approximately one and a half to two hours to complete. The sessions will be held by appointment only in Room 2005 in the Orr Center on the following Wednesdays: February 7, 14, 21, 28; March 14, 21, 28; and April 4 and 11. Appointments will be available at 4:45 p.m. and 6:30 p.m. Individuals will be required to bring tax information, photo identification cards, and Social Security cards for themselves and their dependents. The IRS encourages electronic filing, and returns will be filed electronically for those who are eligible. Please bring copies of your 2005 tax returns if they are available. In order to electronically file their 2006 returns, taxpayers must know their adjusted gross income (AGI) from 2005. Paper returns will be prepared for those taxpayers who do not know their prior year AGI number. To make an appointment, call the College of Business at 812/464-1718. |
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