St. Louis Volunteers Rack Up Record Refunds

St. Louis, MO – February 6, 2001 – Over 300 volunteers worked long hours Saturday, January 27 and Saturday, February 3, 2001, helping 392 families prepare their federal and state tax returns to receive refunds of $495,000. Every dollar of these refunds goes directly to the families.

The St. Louis Tax Assistance Program (TAP) helps working families or elderly residents with total incomes below $26,000 per year. January 27, 2001, TAP launched its fourth season of free tax return preparation at three locations in the St. Louis area: Notre Dame Elementary School, Central Catholic School and Moline Elementary School. (Please do not call schools for information.)

From January 27 until February 24, TAP locations open their doors on Saturdays from 9 a.m. to Noon. Volunteers stay until the day’s returns are complete and reviewed by tax professionals. TAP projects close to $1 million in refunds will be claimed for St. Louisans within the 5 week period ending February 24, 2001.

"TAP is definitely on course for a record year," says Ron Szweda, founder and director of the program. "The 'clients' of the program grow in number each year. We heavily staffed with volunteers to prepare for a large number of families but we still found ourselves needing to turn a few people away February 3rd. We invited the families to come back - we are open 3 more Saturdays in February and we recommend families come early."

Established in 1998 and modeled after a similar program in Chicago, TAP produced refunds of over $1.75 million for 1,863 families in its first 3 years. In 1998, 1999, and 2000, volunteers generated refunds of $175,000, $641,000 and $929,000, respectively. Most of the refund dollars for St. Louis's working families come from exercising the federal Earned Income Credit. Elderly St. Louis residents benefit most from the state property tax and pharmaceutical tax credits.

The program has over 375 volunteers, most of whom are not accountants. Sponsors of this year's TAP program are: 2e Creative, Conner Ash P.C., Firstar Bank, CitiMortgage, Datamax Office Systems, Golden Marketing Resources, Inc., Hazardware, Hope Press, Kohler and Sons, Nexstar Financial, Riverview Gardens School District, Schnuck Markets, Inc., St. Louis Chapter MSCPA.

You may like these other stories...

There's still time to take advantage of last-minute, tax-saving moves for dependency exemptions. For 2014, there are bigger dependency exemptions, as well as rules that, in some cases, are dauntingly complex.The 2014...
Tesco accounting probe finds “inappropriate behavior” by staff – reportsClare Hutchison of Reuters wrote on Sunday that an investigation into a 250 million-pound ($402 million) profit overstatement at...
Did you ever feel as if you're preparing taxes in the Twilight Zone? You may be more right than you think. Each year, professional preparers all over the country have to work in a shadowy reflection of the normal tax...

Already a member? log in here.

Upcoming CPE Webinars

Oct 21Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience’s communication style.
Oct 22This webinar will include discussions of important issues in AU-C 800, Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks.
Oct 23Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.
Oct 30Many Excel users have a love-hate relationship with workbook links.