Money Smart Press Releases FDIC Announces Free Tax Preparation Sites For 2004 Tax Filing Season in Richmond, CA
FOR IMMEDIATE RELEASE MS-2-2004 (1-26-2004)
Media Contact: California: Linda Ortega (415) 808-8115
Washington: Rosemary George
The Federal Deposit Insurance Corporation (FDIC) today announced that the FDIC and key local partners kicked off the 2004 Greater Richmond (CA) Volunteer Income Tax Assistance Initiative (GRVI) on Saturday, January 24, at a news conference held at the Community Heritage Senior Apartments, one of most active GRVI sites in North Richmond, California.
Congressman George Miller (D-CA), State Assemblywoman Loni Hancock, County Supervisor John Gioia, Richmond Vice Mayor Mindell Penn, Department of Housing and Urban Development (HUD) Region IX Director Richard Rainey, and Internal Revenue Service (IRS) Territory Manager Carlos Zepeda were among those speaking at the event, along with FDIC Community Affairs Officer Linda Ortega.
GRVI is a coalition of local banks, community-based organizations, faith-based groups, and local and federal government agencies. This is the second tax filing season that GRVI-sponsored volunteer income tax assistance (VITA) sites will be providing free income tax preparation assistance to Richmond-area residents. Last year, three VITA sites served 250 local families, generating more than $250,000 in tax refunds and $60,000 returned to the community in the form of Earned Income Tax Credit (EITC) refunds. EITC refunds provide low- and moderate-income working families access to capital --- empowering self-sufficiency and creating a viable new market for financial institutions.
In 2004, the number of GRVI VITA sites expanded from the original three sites located at the Community Heritage Senior Apartments, the RichmondWORKS One-Stop Center, and Mt. Zion Missionary Baptist Church in Richmond to include the Catholic Charities/English Action Center in Richmond and the Freedom Christian Fellowship Ministries in El Sobrante, California.
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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation’s banking system. The FDIC insures deposits at the nation’s 9,237 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov or contact the FDIC’s Public Information Center (877-275-3342 or 202-416-6940).