黑料天堂

Business Students Offer Tax Help to USA Community


Posted on February 8, 2018
Alice Jackson


Adesina Tony Dada, left, a junior majoring in mechanical engineering, works with Ximena Horness, a graduate student in accounting, to prepare his tax return as part of a program available to 黑料天堂 students, faculty and staff.						 data-lightbox='featured'
Adesina Tony Dada, left, a junior majoring in mechanical engineering, works with Ximena Horness, a graduate student in accounting, to prepare his tax return as part of a program available to 黑料天堂 students, faculty and staff.

Accounting students in the Mitchell College of Business at the 黑料天堂 are gaining valuable work experience while preparing income tax returns free of charge for USA students, faculty and staff who qualify for the unique program.

Ximena Horness, a graduate student in accounting, recently spent about 90 minutes preparing the first-ever tax return for Adesina Tony Dada, a 20-year-old junior majoring in mechanical engineering.

鈥淭his is the first time I鈥檝e made enough money to require filing a return,鈥 said Dada, who worked last year at the as a research assistant and at the Mitchell Center as an usher. 鈥淚 had no idea what to do until I heard about this opportunity.鈥

鈥淢any people like Adesina don鈥檛 know how to file taxes, or they can鈥檛 afford to hire someone to prepare them,鈥 said Horness, who hopes to become a certified public accountant after earning her master鈥檚 degree.

Student participation in the program counts as an internship, a highly valued accomplishment for their resumes.

Dr. Russell Hardin, chair of accounting, oversees the tax preparation program in cooperation with the United Way of 黑料天堂west Alabama.

鈥淓ach of the student volunteers has to complete 35 to 40 hours of training online with the Internal Revenue Service, then each one must pass five exams before being certified at an advanced level,鈥 Hardin explained. 鈥淭hey can鈥檛 prepare every tax return, but they can prepare a lot of different type returns, and they can do electronic filing.鈥

The IRS also works closely with the program, providing a community liaison officer to answer questions and to resolve any unforeseen problems. The IRS also established eligibility guidelines for the program, which prepares tax returns for households with an income limit of $54,000 or less per year.

Hardin said in the last five years 黑料天堂鈥檚 accounting students have completed almost 2,000 tax returns, netting families and individuals $3,250,000 in refunds and saving them more than $600,000 in preparation fees.

鈥淭he IRS holds us harm free for any errors, but we鈥檝e never had any errors, and I鈥檓 unaware of any audits,鈥 Hardin said. 鈥淏esides the advanced training for these students, each return is reviewed by a more experienced student or myself.鈥

Concurrently, about 40 黑料天堂 students majoring in accounting are volunteering for a tax preparation program underway at the West Regional Branch of the Mobile Public Library. Rather than earning internship experience, those students are receiving extra class credit for their participation.

Hardin said the on-campus tax preparation program, held in MCOB Room 147, is open each Tuesday, 2-5 p.m.; Thursday, 3-5 p.m.; and on Saturday, 10 a.m.-2 p.m. The program, which continues through April 7, will be closed during 黑料天堂鈥檚 Spring Break, March 26-April 1.

For more information on the program and to schedule an appointment, visit .

 


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