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 $53,000.
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 using such free services can save taxpayers $100 to $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 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 9:30 a.m. to 4:30 p.m. on a first-come, first-served basis as follows:
Participants must bring the following:
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, maps and directions can be found online at mgt.buffalo.edu/freetaxprep. For additional questions, send an email to email@example.com, and a student volunteer will reply within two business days.
Note 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 wings.buffalo.edu/intlservices/tax.html 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 also has been ranked by Bloomberg Businessweek, the Financial Times, Forbes and U.S. News & World Report 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 mgt.buffalo.edu.