tax help new mexico

Diana Matier, Directordmatier@cnm.edu

Started 34 years ago at CNM as a way to give accounting students practical experience.

TAX HELP New Mexico began statewide in 2003

The free tax return preparation service prepares and files federal and state tax returns electronically for those whose annual household income is under the Earned Income Credit Guidelines.

2008 was for taxpayers that earned $42,000or less or who are age 65 or older.

IntroductionIntroduction

Student BenefitsStudent BenefitsLife Long SkillsResumé building for college,

scholarships, and work experienceProvides community service and service

learning opportunitiesDual credit concurrent enrollment:

3 Hours of CNM creditHigh school practical arts credit

BENEFITS TO STUDENTS(High School – College)Exposure to careers with the IRS or in the

accounting field.  Many volunteers have gone on to work for the IRS and the New Mexico Taxation and Revenue Department.

Potential of $100 scholarshipSkills obtained:

Communication skillsCustomer Service skills

Growth in student maturityBegins to transition from student to adult

role

BENEFITS TO LOW-INCOME AND ELDERLY RESIDENTS•  Providing free tax return preparation

•  Educating people about:Earned Income Tax Credit (EITC) — a federal

credit for qualified low-to-moderate income workers 

Education Credits Making Work Pay Other credits

PARTNERSHIPSEducational institutesNon Profit Service AgenciesFor Profit Service ProvidersInternal Revenue Service-SPECNew Mexico Taxation and Revenue

DepartmentUnivision

SITE DEVELOPMENTVery little start up money

Our unique model of web-based training

Train the Trainer and training for business and accounting instructors and key staff from agencies

Free tax prep software (provided by the IRS)

Motivated students, community members, and employees to serve as volunteers

Supplies / Equipment

ResultsActive sites

51

Total Clients30328

Returns45,317

Dollars return to the community$22,178,663

Return Preparation Fees Saved$3,141,600

Credits Results  Number of Clients Dollar amount

Earned Income Credit 5,566 $ 6,623,274.00

Child Tax Credit 2,255 $ 2,724,302.00

Education Credit 1,067 $ 352,206.00

Elderly Credit 41 $ 5,371.00

Thank you for your time!!!

Q & A