Thursday, January 15, 2009
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 4-April 15. "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 Dr. 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 Schedule C business forms or Schedule 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 up to two hours to complete. The sessions will be held by appointment only in the Orr Center Room 2005 on the following Wednesdays: February 4, 11, 18, 25; March 4, 18, 25; and April 1, 8, and 15. Appointments will be available at 5 p.m. and 6:45 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 2007 tax returns if they are available. Paper returns will be prepared for those taxpayers who do not qualify for electronic filing. To make an appointment, call the College of Business at 812/464-1718. Wendy Knipe Bredhold News & Information Services 812/461-5259 or wkbredhold@usi.edu |
