One thing we know for sure: There will always be a need for tax preparers. According to recent IRS data, nearly 134 million federal income tax returns were filed for the 2006 tax year, more than 60 percent of which were filed by a paid tax preparer.¹

Electronic filing continues to grow in popularity, causing more and more consumers to turn to professional preparers for fast, accurate filing of their Federal and State taxes. In fact, the IRS predicts that by the year 2012, nearly a quarter of a billion tax returns will be filed electronically in the United States.²

Consumer Information

Each year, hundreds of millions of Americans file their taxes. According to IRS data, 2 out of 3 took a standard deduction on their 2006 returns, meaning they were simple files. Of those hundreds of millions of tax filers, 59% of them paid a preparer to file their taxes for them.³ Many of these customers are seeking fast access to a refund on their Federal and State returns and view it as an annual windfall. The average individual refund for the 2006 filing year was $2,287.¹

As an Eagle Tax Service franchise owner, you can take advantage of this lucrative business opportunity. Our system provides a variety of retail formats for promoting and delivering this service. Today’s consumers demand convenient, quick and accurate tax preparation service as well as fast access to cash from their tax refunds. Our centers offer a comfortable, bright and relaxing atmosphere for our customers to accomplish these goals. Many consumers are intimidated by tax regulations and have little time to spare for preparation, so Eagle Tax has created a convenient, easy solution to meet their needs.

¹ “Tax Stats at a Glance.” Internal Revenue Service, 2006.  Available at http://www.irs.gov/taxstats/article/0,,id=102886,00.html Accessed 26 July, 2007. 

² Taukir Hussain, “Projections of Federal Tax Return Filings: Calendar Years 2005-2012.” Statistics of Income Bulletin, Winter, 2005. Availabe at http://www.irs.gov/pub/irs-soi/12proj.pdf Accessed 06 March, 2008.