Try as we might to avoid it, there are still two certainties in life –
death and taxes. Fortunately, innovations like e-filing are making the tax process a little
more bearable, and so is a program at Monmouth College – Volunteer Income Tax Assistance
(VITA).
From Feb. 2 through April 13, Monmouth College student volunteers will be
available on Wednesdays from 4-7 p.m. in Room 308 of the college’s McMichael Academic Hall
(one building east of the main academic building, Wallace Hall) and on Saturdays from 1-4 p.m.
in the Warren County Library. Due to spring and Easter breaks, those locations won’t be
staffed on March 2, 6, 9 and 30. Persons wanting tax assistance should bring all related
forms, including information for other income, a copy of last year’s return and Social
Security cards.
In Monmouth, the VITA program is coordinated by Judy Peterson, an
assistant professor of accounting, who explained that the Internal Revenue Service has
provided the college with computers and software. She added that the college students who will
be supply the manpower have all taken a federal tax course taught by Craig Cavanaugh of the
local CPA firm Cavanaugh, Davies and Blackman.
“I have to say that we have the most wonderful accounting students –
committed, bright, insightful and so professional,” praised Peterson. “They learn a great deal
through this program. Tax returns take on a different bent when you’re doing them for a live
person.”
At the end of the program, her students are required to write a paper
that describes their experiences and provides feedback on how to improve the format for next
year.
“VITA is a free service, and we also do free e-filing,” said Peterson,
who added that persons wishing to e-file must bring Social Security cards for all individuals
included in their tax returns. Those wishing to have their refunds directly deposited must
bring a voided check.
She said that while the basic returns are perfect for her students – “The
software even has a checking stage at the end of the program to make sure nothing’s been
overlooked” – there are times when it’s best to consult a professional.
“Taxes involving depreciation schedules and things of that sort really
need to be done with some continuity and require the same professional from year to year.”
In Peterson’s tax class, the students work on textbook cases, but she
said the VITA program, which will be entering its seventh year at the college, provides “a
different scenario. They get to work with real-life people’s problems, and it gives them a
really good experience.”
The IRS initiated the program and Peterson said, “It’s well-organized.
There’s a systematic approach to how the program runs – training, communication, documentation
and leadership. The program is all over the country, and it’s a great community service.”