Liberty Tax Service Taps the Underserved Hispanic Market

“Recent research shows that foreign-born Hispanics with less than five years in the United States are tremendously underserved in the tax preparation industry. According to the According to the Census, out of 42 million Hispanics in the United States, 40% are foreign born. A new report by the Center for Immigration Studies found that 7.9 million people moved to the United States in the past five years, the highest five-year period of immigration on record.

This represents significant potential revenues for the tax preparation industry. According to Training Resource Clinic, which conducts focus groups of Hispanic immigrants, “As many as 70% of newly immigrated working Hispanic immigrants in some areas are missing out on refunds as well as the ability to establish credit and purchase homes by not filing taxes.” …”

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