More than 90 University of Nevada accounting students recently participated in a Volunteer Income Tax Assistance program, preparing tax returns to receive credit in their Federal Tax Accounting class at UNR.
Last year, UNR accounting students helped prepare 700 tax returns and are expecting at least that many this year.
"We have some taxpayers who come in with three, four or five years of unfiled tax returns,” Richard Mason, associate UNR business professor, told local KTVN-TV. “Especially during the economic downturn, we have a number of people who were foreclosed on, who short-sold houses.”
Mason also said he estimated the IRS-sponsored program saves the community upwards of $100,000 to $150,000 in professional fees.
The VITA program is offered every Tuesday and Thursday from 6 pm to 8:30 pm and every Saturday from 8:30am to 1 pm through April 12th at the Community Services Agency located at 1090 E. 8th Ave. in Reno. Appointments can be made by calling 786-6023.