Stay Informed!

Posted on 08/13/2010 @ 06:40 PM

Tags: ALC 2010

Pig has been making the rounds to key federal agencies to hear about the latest asset-building initiatives that will be featured at the ALC. Today at the Internal Revenue Service, Pig learned that the IRS is stepping up financial education and asset-building opportunities. As the IRS continues to assist individuals and families on meeting their tax responsibilities, there is a renewed focus on helping people understand the critical role financial education and asset-building plays in their lives. A tax refund for many low- and moderate-income families is the most significant financial opportunity they will have all year. For the IRS, tax time is a natural focal point to highlight reasonable financial education and asset-building opportunities, providing people with a chance to use part of their tax refund to kick-start their savings. While tax time does present a natural inroad, being knowledgeable about personal finances is a year-round practice. The IRS partners with thousands of national and community organizations to address financial literacy and provide opportunities for asset building. For many people, these education efforts paired with a tax refund may be the first time they've considered savings as a realistic option. “The work we and our partners do on financial education and asset building is critical to the financial well-being of the people who need it most,” says Mike Beebe, Acting Director of SPEC, an organization within the IRS leading these efforts. Be sure to check out some of the tax and asset-building sessions at the ALC on topics such as Self-Employment Tax Preparation, Tax Time Policy and Practice Innovations, Social Marketing of Savings at Tax Time and Tax Refunds and Savings Bonds.

Stay tuned, you never know where Pig will end up next!