July 13, 2017

Accounting Students Save Community Thousands on Tax Returns

Guilford College Accounting students put their skills to work — and saved community members a lot of money in the process. 

During the months of February and March, 2017, student volunteers, in cooperation with the United Way of Greater Greensboro, worked at Guilford's inaugural Volunteer Income Tax Assistance (VITA) Program, saving the community a total of more than $26,000 in preparer's fees. VITA is an IRS sponsored program that offers free tax help to people who generally make $54,000 or less, persons with disabilities and limited English speaking taxpayers who need assistance in preparing their own returns. 

Susan Yang ('17), B.S. Accounting, served as this year's student site coordinator. Other student volunteers included Mamta Gurung ('18)Quinton Simones ('17), and Rosario Mijangos-Lucero ('17). Ron Cardwell, Assistant Professor of Accounting, served as the faculty trainer and mentor for the project. 

Impact by the Numbers

The United Way of Greater Greensboro provided an economic report on the community impact of the VITA clinic. 

  • Total Returns Prepared: 125
  • Estimated Savings in Preparer Fees: $26,250
  • Total Refunds: $184,224
  • Number of Returns Receiving Earned Income Tax Credit (EITC): 29
  • Total Value of EITC: $28,443

Mamta is set to receive training and serve as next year's student site coordinator. The clinic will be held again in February and March, 2018, on Saturdays from 9 a.m. to 1 p.m. in Bauman 104. 

Visit the Accounting Department to learn more about majors and minors offered, and then schedule a personal visit to meet with faculty and students who share your interests.