Income Tax Return Explained to Students
February 13, 2012:
January 31, 2012
Menlo College Career Services and Personal Finance faculty held a workshop last night to educate students on how to file an income tax return. Guest speaker, Reynaldo Arellano, CPA, member of the American Institute of CPAs and CalCPA, talked about the various issues from filling out a W4 and getting a W2 to filing an income tax return.
"Students don’t know how to do it or feel like they don’t owe any taxes so therefore they don’t need to file a tax return," said Mary Robins, Director of Career Services and organizer of the event. "Well, the government might owe you money back."
Out of 120 students, who attended the event, about eighty percent worked in 2011, but only five percent planned to file a tax return, according to Robins. "It was the first time I had such a workshop, and it won’t be the last because I want one hundred percent of the students to say, ‘Yes, I am going to file an income tax return.’"
This workshop was part of a series of career related events, prepared by Menlo Career Services in collaboration with other departments and faculty. For a full schedule of upcoming events, please visit the Career Events page.