January 01 2009
Operation HOPE and Wolters Kluwer Financial Services Team Up to Provide EITC Benefit Opportuniites to Qualifying Families
MINNEAPOLIS AND LOS ANGELES --- January 29, 2009 --- Wolters Kluwer Financial Services, a leading regulatory compliance provider serving the financial services industry, and “Silver Rights” empowerment non-profit, Operation HOPE are teaming up to provide professional tax preparation and federal and state filing services to Earned Income Tax Credit (EITC) qualifying families this income tax season. As part of this, participants will also gain access to a number of financial literacy and education services, including credit repair and money management programs, as well as the use of office equipment and computers at the HOPE’s Cyber Cafés.
Returns from EITC can contribute a significant amount of money to families who are struggling during these financially challenging times. For qualifying families, the return could add as much as $4,824 to their 2008 annual income. If a family is qualified and has not claimed this credit in the last 2 years, they can receive as much as $14,076 for 2008.
With the support of Wolters Kluwer Financial Services and its partners, Tax Technology, Inc. and Express Tax Lane , participating HOPE Centers have designated staffing to help individuals with proper documentation prepare their tax forms and have them electronically filed. Tax Technology Inc and Express Tax Lane provide high quality tax preparation services to clients across the U.S.
The initiative is driven in part by HOPE’s FIVE MILLION KIDS Initiative, which seeks to stem the high-school dropout epidemic in America’s inner-cities. One of the key components of the campaign is securing EITC for parents, teachers and adults as a means of providing support for students at-risk. It is one of several programs HOPE offers to help qualifying individuals achieve economic stability through its “Silver Rights” Mission to provide access to resources and financial opportunities for the underserved.
Since 2006, HOPE has worked consistently to promote greater awareness of the tax code benefit. The program will :
- help low-wealth participants benefit from low-cost or free tax preparation, and the avoidance of unnecessary charges;
- gain awareness of the Earned Income Tax Credit through workshops and tax preparation;
- and incorporate the use of tax refunds as part of an overall asset-building strategy.
“The relationship between Wolters Kluwer Financial Services and Operation HOPE demonstrates our company’s commitment to financial literacy and helping people to improve their economic situations,” said Wolters Kluwer Financial Services, President and CEO Brian Longe.
EITC services will be available at the following
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services®, AppOne®, GainsKeeper®, CCH® Capital Changes, NILS, AuthenticWeb™ and CCH® Wall Street.
Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and workflow tools, documentation, analytics, authoritative information and professional services. Customers include banks, credit unions, mortgage lenders and securities and insurance organizations of all sizes throughout the
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, and corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe,