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    How to Provide Tax Preparation Assistance through VITA Programs – 3 Free Webinars


    With Nancy Pierce, Field Coach – REAL Solutions®

    VITA, or Voluntary Tax Assistance Programs, is an IRS program that offers free tax help to those who qualify and help them take advantage of special tax credits such as the Earned Income Tax Credit. In a series of three webinars, Real Solutions will demonstrate how credit unions can provide this service to their community and gain meaningful new relationships with members.

    Research by the Government Accountability Office and Internal Revenue Service indicates that between 15% and 25% of households who are entitled to the Earned Income Tax Credit do not claim their credit, or between 3.5 million and 7 million households. The average EITC amount received per family in 2002 was $1,766. Using this figure and a 15% unclaimed rate would mean that low-wage workers and their families lost out on more than $6.5 billion, or more than $12 billion if the unclaimed rate is 25%.

    • VITA programs save low-wage working families millions of dollars per year in tax preparation fees.
    • According to the National Consumer Law Center, more than $800M dollars in loan and other fees were drained from low income taxpayers in 2008.1

    Credit unions can provide the right tax assistance through their own VITA programs or by partnering with other community organizations – and credit unions can provide these consumers/members with the right savings programs steer members away from expensive refund anticipation loans and provide information to help them obtain a better economic future.

    Program Schedule

    Dial 866-274-9016 and use the password 766281 followed by the # sign at 3:00 PM Eastern

    June 22, 2010: Can State Leagues and Foundations Play a Role in Assisting CUs with VITA Outreach?

    Join us to learn how state leagues and foundations can play a vital role in building a state-wide VITA program.

    July 27, 2010: So Your Credit Union Wants to Participate in VITA Outreach: What Does that Mean?

    There are many different ways a credit union can participate in VITA sites. This webinar explores how to make it happen including a time line and action plan to assist with planning and managing the process.

    August 17, 2010: Complementary Products to a VITA Operation

    How can credit unions build a business model that benefits the credit union and attracts loyal and profitable members?

    For more information on the webinars, please contact Nancy Pierce. You may also download the flyer for the VITA webinar series here.

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