We are suspending our VITA free tax assistance to the community for the remainder of the tax season, effective immediately, due to coronavirus concerns of students and senior citizen volunteers.
The Leeds School of Business at the University of Colorado Boulder is offering free tax preparation services to taxpayers with household income of $56,000 or less, persons with disabilities, the elderly, and limited English-speaking taxpayers who need assistance in preparing their own tax returns. This is the eleventh year that Leeds has provided this free tax service to the community.
Leeds School of Business students who have passed an IRS certification exam will prepare tax returns for qualified taxpayers. To ensure accuracy and completeness, all student-prepared tax returns will be reviewed by community volunteers who are experienced in tax law.
Students receive valuable experience preparing tax returns, and they are able to work directly with taxpayers. This hands-on work experience is well received by potential employers, and participating in the VITA program gives students an opportunity to perform a much-needed community service. Last year, Leeds School students prepared 479 tax returns and obtained $449,000 in refunds for taxpayers. The students also placed into the local economy an extra $135,000 through Earned Income Tax Credits for families.
VITA has been running in February and March, but has suspended services for the remainder of March and April. There will be no services available at the Koelbel Building (home of the Leeds School of Business on the CU-Boulder campus) due to health concerns of the student and community volunteers, most of whom are senior citizens in high risk groups.
Under our new Facilitated Self Assistance program (“FSA”), taxpayers now have the option of preparing their own tax returns with assistance from IRS-certified volunteers at CU Boulder VITA using interview-based IRS tax software. The FSA option allows taxpayers to use this free file service to both prepare and e-file their tax returns.
Eligible taxpayers should bring the following to the tax site:
- Social Security cards or Individual Taxpayer Identification Notices/Cards for the taxpayer, the taxpayer’s spouse, and dependents
- Photo identification for the taxpayer and the taxpayer’s spouse if married filing jointly (both spouses must be present)
- All Form W-2s and Form 1099s and other income-related documents
- Proof of mortgage interest, property taxes, daycare expenses (including provider’s tax ID number), college education expenses (e.g., Form 1098-T), and all other deductible expenses
- A copy of last year’s federal tax return
- Proof of account for direct deposit of refund (e.g., voided check)
- Proof of foreign status if applying for ITIN
For other VITA locations, please visit: www.coloradovita.org