UI Accounting Students Compete in National Tax Challenge Competition
The UI team included Brandon Miller of Clarion, Stephen Newman of Ankeny, Ryan Tierney of Bloomington, Minn, and Christopher Williams of Ames. Christopher Hartmann of DeWitt was alternate. Team members were each awarded a $250 scholarship as well as $2,500 for the UI.
The students advanced to the national competition after competing in a regional competition Oct. 19 in Overland Park, Kansas. The UI team was one of only six undergraduate teams in the nation to advance to the national competition. Approximately 60 teams from 40 colleges and universities participated in regional Tax Challenge regional events.
In the contest, teams are given five hours to work on a fictitious tax client case study. Members work together to review the client's prior year's tax return, analyze tax issues, offer tax advice to the client through memos and give a projected tax liability for the current year. Faculty advisor Amy An led several training sessions to help the students prepare for each competition.
The UI students competed against teams from Brigham Young University, University of Illinois-Champaign/Urbana, University of North Carolina-Charlotte, College of William & Mary, and University of Wisconsin-Madison.
The sponsor of the event, the Deloitte Foundation, is the non-profit arm of the professional services firm Deloitte & Touche LLP.
Contact: George McCrory, UI News Service, 319-384-0012