2007 Summary Results

ACCT364 (SERVICE LEARNING THROUGH THE VOLUNTEER RETURN TAX PREPARATION PROGRAM)

YEAR	(5) FEDERAL RETURNS PREPARED	STATE RETURNS PREPARED	(6) OTHER ASSIST	TOTAL PREPARED/ ASSISTED	% ∆ FROM PREVIOUS YEAR	FEDERAL RETURNS E-FILED	STATE RETURNS E-FILED	TOTAL RETURNS E-FILED	% Δ FROM PREVIOUS YEAR	# OF STUDENTS	# OF COMPUTERS AT A SITE
(4) 2007	414	414	5	833	24%	344	327	671	15%	20	3
(3) 2006	333	328	9	670	24%	294	288	582	49%	11	3
2005	271	265	6	542	13%	198	192	390	38%	12	3
2004	232	236	10	478	55%	143	139	282	50%	15	3
(2) 2003	150	152	7	309	8%	97	91	188	23%	17	2
2002	146	137	2	285	16%	79	74	153	56%	19	2
2001	123	123	0	246	31%	49	49	98	14%	20	2
(1) 2000	94	94	0	188	Not Available	43	43	86	Not Available	Not Available	2

Monmouth College has three VITA sites: Campus location (McMichael Academic, Room 308); Warren County Public Library; Galesburg Public Library.

If a conservative estimate is made that each prepared return would have cost the taxpayer $30.00 (not including any peripheral schedules, which many of the taxpayers have (such as Earned Income Credit and Schedule A)), and that each e-filed return would have cost the taxpayer $20, the savings to those in the community who can use those dollars for endeavors other than tax preparation (such as food, clothing, shelter, education) can be estimated to be $38,260. Not only that, but the Internal Revenue Service has documented that our three sites have returned $328,476 in federal refunds to our communities (this is based on the efiles only – paper returns and the state refunds would increase this amount substantially).

(2) Indicates the year in which Monmouth College began transmitting its own e-filed returns. In previous years, the e-file set-ups were mailed to our VITA coordinator in Springfield who transmitted the returns. Any refund that the taxpayer is expecting is sped up immensely by having MC transmit the return the day that it is prepared. Transmitting returns requires additional resources in terms of time and skill.

Also, indicates the year in which Monmouth College became an international student VITA site. A number of the VITA students volunteer to become separately certified to assist foreign student taxpayers.

(3) Indicates the year in which Monmouth College began serving the disabled of the Warren Achievement Center. Returns prepared and e-filed in 2006: 47 fed and 47 state = 94; 2007: 42 fed and 42 state = 84.

(4) Indicates the year that the Galesburg Public Library site was established.

(5) The federal return would be the best indicator of “families” assisted during the tax season. A family could be a single taxpayer, a married couple, or single/married taxpayer(s) with dependents.

(6) Other assistance consists of: answering tax questions of the taxpayer, reviewing the taxpayer-prepared return, and determining if the taxpayer needs to file.