ColumbiaMagazine.com
Printed from:

Welcome to Columbia Magazine  
 



































 
LWC to offer free tax service to area residents

By Duane Bonifer, LWC Public Affairs Director

Lindsey Wilson College accounting students will make the tax season a little stressful for low-income, moderate-income and elderly taxpayers by offering free tax-preparation assistance.

Under the direction of Associate Professor of Accounting Gary Lee Gibson, five Lindsey Wilson accounting students will offer the free service from 6-9 pnCT every Wednesday through April 9. The service will not be offered on March 19, which is during the college's spring break.



The free service, which is sponsored by the AARP Foundation, will be offered in the college's Academic Success Center.

In addition to helping area residents prepare their federal and state returns, Lindsey Wilson students can also transmit the forms electronically for the taxpayers.

"We can also print the returns in case the taxpayer prefers to have a hard copy and mail them in to the state and federal governments," Gibson said.

Although the free service at Lindsey Wilson can handle forms with itemized deductions, it cannot accommodate taxpayers who have farm or rental income, nor can the service work with business income if the business has inventory, depreciation or expenses above a certain amount, Gibson said.

For the process to run smoothly, taxpayers should bring last year's tax return if they can locate it. Taxpayers should also bring a Social Security card for every person listed on their return, as well as a photo ID for the person who receives the free service.

The Lindsey Wilson students will use tax software and reference materials that have been provided by the IRS, Gibson said.

"The one difference between our service and a paid preparer is that our students do not sign the returns # the responsibility for the return stays with the taxpayer," Gibson said. "We also do not retain any of the taxpayer's financial information. At the end of the tax season a backup of the information is sent to the IRS and all information on our computers is erased. Information is strictly confidentially."

This is the first time Lindsey Wilson has offered the free tax service to low-income, moderate-income and elderly residents in the region.

"This is a great experience for our students," said Gibson, who is a certified public accountant. "It's one thing for them to read about theory in a book, but it's another thing to work with a real person's tax facts and help them do their taxes."

Lindsey Wilson's accounting program has graduated an impressive list of alumni of the last several years. Graduates have landed jobs with Big Four accounting firms, regional and local accounting firms, and state government. Others have headed to graduate school.

"If students will apply themselves in our accounting classes, they usually don't have any trouble getting multiple job offers when they graduate," Gibson said. "What makes our program so strong is the personal relationships that are developed between the professors and their students. We push them to learn as much as they can and we constantly try to motivate them."

Lindsey Wilson will offer free tax-preparation assistance from 6-9pmCT every Wednesday through April 9 in the college's Academic Success Center. The service will not be offered on March 19. For more information, contact Associate Professor of Accounting Gary Lee Gibson at gibsong@lindsey.edu or (270) 384-8478.


This story was posted on 2008-02-06 13:05:36
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.



 

































 
 
Quick Links to Popular Features


Looking for a story or picture?
Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com.

 

Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728.
Phone: 270.403.0017


Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.