November 30, 2021

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Business is my step

UNG accounting, finance students will supply no cost tax prep

2 min read

For a fifth 12 months, college students pursuing accounting and finance degrees in the University of North Georgia’s Mike Cottrell University of Organization will develop on their tax preparing capabilities and help the surrounding communities as component of the Volunteer Profits Tax Support program sponsored by the IRS.  The program served more than 100 taxpayers in the 2019 filing year.

The free of charge tax planning solutions are open by appointment only from 5-7 p.m. Tuesdays and Thursdays from Feb. 2 through March 2 in home 011 of Newton Oakes on UNG’s Dahlonega Campus. 

For the in-particular person appointments, participants need to adhere to UNG’s needs to have on a mask inside all college structures and follow social distancing. 

Appointments can be scheduled by leaving a message for Lisa Nash, lecturer of accounting at UNG and a CPA, at 706-867-3082.

The IRS presents a record of “what to bring” to a VITA web-site so taxpayers can be ready for their appointment. Nash will also examine all those merchandise when scheduling the appointment.

Due to the COVID-19 pandemic, Nash claimed the submitting season for 2020 will be a obstacle for taxpayers as they navigate the many tax law modifications enacted to present reduction. 

“The variations impact all spots of the personal return: earnings, deductions and tax credits. The Restoration Rebate Credit history requires taxpayers to reconcile their financial effect stimulus payments on their 2020 tax return to make sure they gained the greatest stimulus quantity,” Nash said. “The mission of the VITA software is to support tax filers navigate the modifications and file correct returns.”

VITA offers cost-free tax expert services to people today who frequently make $57,000 or less. College students prepare 1040 varieties with schedules A, B, C-EZ, and D, along with basic tax credits. Federal and point out returns are geared up for totally free whilst taxpayers are existing. Nash reviews all returns with the taxpayers right before she files them electronically with direct deposit readily available, if desired. The IRS will start out accepting e-submitted returns on Feb. 12, so returns ready between Feb. 2 and Feb. 12 will be submitted on Feb. 12.

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