BUFFALO, N.Y. -- During the 2012 tax season, 126 IRS-certified
accounting students from the University at Buffalo School of
Management brought $1,353,406 back into the Buffalo community
through the Volunteer Income Tax Assistance (VITA) program.
UB's chapter of Beta Alpha Psi, the international honors
organization for accounting and finance students and professionals,
led the initiative that provided nearly 2,200 hours of tax service,
preparing more than 900 tax returns for individuals and families
with annual incomes below $50,000.
"We're especially pleased that nearly $262,000 of the total was
a result of the Earned Income Credit, which targets low-income
families in need of additional financial support," said Anna Qu, a
student in the School of Management and co-chair of the Beta Alpha
Psi's VITA committee. "It means that we helped a number of families
who needed it most."
"We could not be more proud of our students and the impact they
have made on the community with this initiative," said Arjang A.
Assad, dean of the UB School of Management. "Despite their class
loads and other responsibilities, these students have been working
virtually every weekend since January to make this program the
outstanding success that it has been."
Cumulatively, School of Management student volunteers have
brought more than $4 million in tax refunds back into the Buffalo
community over the past four years by preparing more than 3,000 tax
returns for low-income families. Approximately $725,000 was from
the Earned Income Credit.
The UB School of Management is recognized for its emphasis on
real-world learning, community and economic impact, and the global
perspective of its faculty, students and alumni. The school has
been ranked by Bloomberg Businessweek, the Financial Times, Forbes,
U.S. News & World Report and The Wall Street Journal for the
quality of its programs and the return on investment it provides
its graduates. For more information about the UB School of
Management, visit http://mgt.buffalo.edu.