Viewing by month: February 2008

Feb 20 2008

Economic Stimulus Package Tax Rebate Information

The IRS has released information on the Economic Stimulus Package Tax Rebates. The information online at the IRS websitewill help taxpayers understand the Stimulus requirements.  Starting in May, the Treasury will begin sending economic stimulus payments to more than 130 million individuals. The stimulus payments will go out through the late spring and summer.

The vast majority of Americans who qualify for the payment will not have to do anything other than file their 2007 individual income tax return to receive their payment this year. The IRS will use information on the tax return to determine eligibility and calculate the amount of the stimulus payments. 

Posted by Carolyn Spohrer at 12:01 PM - Categories: Press Releases | VITA

Feb 15 2008

National Conference Call- VITA/TCE Software Contract 2010

TaxWise’s VITA/TCE software contract is coming to an end in 2010, and the National Community Tax Coalition has an opportunity to weigh in on the development of the new procurement contract for tax preparation software for the VITA/TCE community. Some things to consider include functionality, user friendliness, features that may improve quality, data points that you have not been able to retrieve for reporting purposes (i.e. multiple W2s – employer information; refund splitting data), reports, and more. To be part of this process we need to submit comments to the IRS no later than Thursday, February 21st, which will provide the IRS time to review and consider comments for their meeting on February 27, 2008. As always we have a short turn around time, but we are trying our best to obtain as much feedback as possible from the field.

In light of this, we will be holding a national conference call on Monday, February 18, 2008 from 3:00 – 4:00 (Eastern) to discuss the VITA/TCE software and what we would like it to include. We hope that many of you will join the call. If you plan to join us on the call, please register.  You will receive the conference call number on the registration screen.

Posted by Carolyn Spohrer at 12:06 PM - Categories: Press Releases | VITA

Feb 6 2008

Greater Richmond Budget Support Letter

Maureen Goode, Chair of the Board of the Greater Richmond Earned Income Tax Credit Coalition, has drafted a letter to support budget item #344 to provide additional funding to Earned Income Tax Credit (EITC) coalitions throughout the Commonwealth.

Read GREITCC's letter of support

 

Posted by Carolyn Spohrer at 12:09 PM - Categories: Coalition Partners

Feb 5 2008

CFSI's Nonprofit Opportunities Fund Now Accepting Applications

CFSI is now accepting proposals from pioneering, nonprofit organizations to provide innovative financial services and asset-development opportunities to underbanked consumers. The Nonprofit Opportunities Fund is supported by a grant from the Wal-Mart Foundation, and in 2008, CFSI will select 4-6 innovative nonprofits to receive grants totaling $1.25 million. Only organizations with 501(c)3 status are eligible for funding. To apply, please download the request for proposals which details CFSI’s funding priorities, criteria, timeline, and process. All proposals are due on Friday, March 14, 2008 at 11:59PM CST

Learn more...........

 

Posted by Carolyn Spohrer at 12:13 PM - Categories: Press Releases | Funding Opportunities

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