Free Tax Preparation Services Available at UB

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 $49,000.

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.

Earned income-tax credits also can be collected from back tax filings. The service will prepare tax filings for the two previous years, as well as 2009.

Free tax preparation will be offered from 10 a.m. to 4:30 p.m. on a first-come, first-served basis in 109 Allen Hall, South Campus, on Feb. 13, 14, 20, 21, 27 and 28, and in 106 Jacobs Management Center, North Campus, on March 27, 28 and April 3, 4, 10 and 11.

Participants must bring proof of identification (government-issued ID for each adult, such as driver's license, state-issued ID card, passport, military ID card, etc.); original Social Security card for each filer and dependent; date of birth for self, spouse and dependents; wage and earning statements (Forms W-2 and 1099) from all employers; interest and dividend statements (Form 1099); a copy of last year's federal and state tax returns, if available; and 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, finance and information systems students, with help from the UB Accounting Association.

Frequently asked questions as well as maps and directions can be found at http://mgt.buffalo.edu/freetaxprep. Additional questions can be directed to mgt-freetaxprep@buffalo.edu or 716-533-1553. Services on the South Campus are available thanks to support and equipment provided by the UB Office of Community Relations.