Free Tax Preparation
IRS-certified accounting students from the University at Buffalo School of Management will provide free tax preparation services to individuals and families with annual incomes below $51,000. The IRS estimates that using such free services can save taxpayers between $100 and $300 in preparation fees. Offered on a first-come, first-served basis, the tax service can be especially valuable to low-income tax filers by helping them apply for earned income-tax credits that can provide a boost in annual income. Participants must bring the following: (1) Proof of identification (government-issued ID for each adult, such as driver's license, state-issued ID card, passport, military ID card, etc.); (2) original Social Security card for each filer and dependent; (3) date of birth for self, spouse and dependents; (4) wage and earning statements (Forms W-2 and 1099) from all employers; (5) interest and dividend statements (Form 1099); (6) total paid for day care provider and provider's tax ID number or Social Security number; (7) a copy of last year's federal and state tax returns, if available; (8) bank routing numbers and account numbers, if direct deposit is desired; and (9) if married filing a joint return, both spouses must be present to sign the required forms.