Free tax preparation services available

Published June 19, 2014

IRS-certified accounting students from UB’s 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 on Feb. 2, 3, 9, 10, 16, 17, 23 and 24 in 100 Allen Hall, South Campus. Services also will be offered on March 2, 3, 30 and 31, and April 6, 7, 13 and 14 in 106 Jacobs Management Center (The John H. Shellum Room), North Campus.

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 a list of materials participants must bring to the tax prep session can be found on the School of Management’s website. Additional questions can be directed to; a student volunteer will reply within 48 hours.

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 for more information.