BUFFALO, N.Y. -- IRS-certified accounting students from the
University at Buffalo School of Management will again provide free
tax preparation services to individuals and families with annual
incomes below $50,000.
Area residents and students are encouraged to take advantage of
this opportunity, which will be held on UB’s North and South
campuses. The IRS estimates that using such free services can save
taxpayers between $100 and $300 in preparation fees.
This service can be especially valuable to low-income tax filers
by helping them apply for earned income-tax credits that can
provide a needed boost in annual income. The tax credits, which can
reduce or completely eliminate income taxes by refunding taxes
already withheld from wages, can mean as much as $5,028 for a
family with two children.
Free tax preparation will be offered from 10 a.m. to 4:30 p.m.
on a first-come, first-served basis in 100 Allen Hall, South
Campus, on Feb. 2, 3, 9, 10, 16, 17, 23 and 24. Services also will
be offered in 106 Jacobs Management Center (The John H. Shellum
Room), North Campus, on March 2, 3, 30 and 31, and April 6, 7, 13
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,
2. Original Social Security card
for each filer and dependent;
3. Date of birth for self, spouse
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
7. A copy of last year's federal
and state tax returns, if available; and
8. Bank routing numbers and
account numbers, if direct deposit is desired.
The tax service is coordinated by the UB chapter of Beta Alpha
Psi, an international honors organization for accounting and
finance students, with help from the UB Accounting Association.
Frequently asked questions as well as maps and directions can be
found online at http://mgt.buffalo.edu/freetaxprep.
Additional questions can be directed to firstname.lastname@example.org
and a student volunteer will reply within 48 hours.
Please note that tax preparation for nonresident aliens requires
special processing that is beyond the scope of the services
provided by Beta Alpha Psi. UB international students on a
nonimmigrant visa should visit UB’s International Student and
Scholar Services website at http://wings.buffalo.edu/intlservices/workdesc.html#tax
for more information.
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.