Tamara Bongi, Tax & Advisory Partner in Hood & Strong’s San Jose office, made the following presentation at the NBOA’s Symposium 2010 which was held February 22-24 at The Fairmont in San Francisco.
The theme for Symposium 2010 was “Building Bridges, Sharing Solutions.” Nationally recognized speakers and small group presenters shared their solutions to the short-term and long-term challenges facing today’s business officer—from financial sustainability to regulatory compliance to going green. The following is a profile of Tamara Bongi’s presentation. Tamara can be reached at tbongi@hoodstrong.com for any questions you may have or information you would like.
Trust but Verify: Reviewing Financial Aid Documentation
Tamara Bongi, Tax and Advisory Partner, Hood & Strong LLP
As part of the financial aid process, most schools require applicants to provide supplementary information such as W2s and tax returns. A careful and thorough review of tax returns can provide a better picture of a family's need than relying on the application alone. However, analyzing and understanding tax returns, particularly business returns, is no easy task. This seminar reviews the various tax forms commonly submitted as part of the financial aid process and discusses areas of particular interest, such as investments, depreciation, retirement contributions, and charitable giving. Participants were encouraged to submit particularly challenging cases from their schools (anonymously) for review and discussion.
Learning Objective: Participants learned how to analyze tax forms to assist in determining a family's need for financial aid.