Peoples Income Tax CEO Named to IRS Committee to Encourage Electronic Filing
Release: November 1, 2000
Contact: Chuck McCabe – 804-204-1040
(Richmond) – A banner decade of accomplishments during the ‘90s is continuing into the new millennium a for Charles E. McCabe, founder, president and chief executive officer of Richmond-based Peoples Income Tax, Inc. has been named to the Electronic Tax Administration Advisory Committee (ETAAC) for the Internal Revenue Service and the Treasury Department.
ETAAC is in place to support the development and implementation of the IRS’s strategy for its Electronic Tax Administration to meet goals established by Congress. The IRS’s aim, according to its Restructuring and Reform Act of 1998, is for 80 percent of all tax and information returns to be filed electronically by 2007. The interim goal is that by 2003, all returns that are prepared electronically be filed electronically whenever possible.
Membership on the ETAAC requires expertise in electronic tax administration, a personal commitment of approximately 100 hours per year and a desire to help shape the Electronic Tax Administration system. ETAAC members serve a two-year term and are not paid for their services.
"Each year, more and more taxpayers are discovering the benefits of electronic filing: faster refunds, more accurate returns and quick confirmation of filing. I’m enthusiastic to have the opportunity to further promote e-filing and work with a committee of talented professionals that are equally dedicated to creating improvement through technology for all taxpayers," McCabe said.
ETAAC named seven other professionals from throughout the United States and United Kingdom that represent various tax-related groups, including software developers, technology providers and academics.
McCabe’s long-time participation in and support of the IRS e-filing program secured his selection. Peoples Income Tax was one of three firms in central Virginia to participate in the e-filing program the first year it was available, in 1988, for tax year 1987. McCabe noted that Peoples’ 15 tax preparation offices have already exceeded the IRS goal for 2007 by filing 83 percent of their 9,749 returns electronically in 2000.
McCabe’s designation to the ETAAC is the latest in a long string of professional milestones since Peoples was established in 1987 (see attached). Peoples Income Tax provides income tax preparation and small business accounting services throughout the Greater Richmond area. Peoples Financial Services, The Income Tax School, RefundMax Income Tax and E-Filing TODAY are divisions of Peoples Income Tax.