WFU professor, students help local residents file taxes
By Sarah Mansell
Accounting students at Wake Forest University will offer free tax-filing assistance to local residents beginning Feb. 3 at the Goodwill Industries building at 2701 University Parkway. The Wake Forest site will operate each Tuesday in February and March from 4-6 p.m., except March 9.
Yvonne Hinson, PricewaterhouseCoopers Faculty Fellow and associate professor of accountancy in Wake Forests Calloway School of Business and Accountancy, has been instrumental in organizing the effort and will direct Wake Forests assistance site. Hinson and students will assist local residents who can file using basic 1040 forms and pay careful attention to make sure residents take advantage of the Earned Income Tax Credit, an often overlooked tax refund available to working families with incomes of around $32,000 or less.
Last year, the Wake Forest group assisted around 1,700 residents and returned between $30,000 and $40,000 in tax credits to local taxpayers. It is estimated that nearly $10 million in unclaimed tax credits are available to Forsyth County residents.