Immigration reform will have direct effect on the tax preparation industry. President Obama’s pending action related to immigration reform would provide temporary work permits for over 5 million undocumented immigrants who reside in the U.S. Those immigrants would be encouraged to file prior-year tax returns as a means of establishing residency in the U.S. An Individual Taxpayer Identification Numbers or ITIN, along with filing prior-year tax returns, helps show how long an undocumented immigrant has lived in the U.S. The industry is already seeing undocumented workers visiting tax offices in an attempt to jumpstart the process.
Long ago, Liberty Tax Service recognized the need for quality tax preparation and related services for the growing Hispanic population. For years we have offered Hispanic-certification programs to our franchisees to help them meet growing demand. At certified Liberty Tax franchises we offer many services to help this underserved, high demand population. Advice on immigration reform, free ITINs applications, and assistance filing current and past state and federal tax returns are some of the ways we are well positioned to gain market share, realize new revenue streams, and grow with this underserved population’s needs.
Join a reliable and growing industry! Contact us today to learn more about our franchise opportunities.