Peoples Tax School Embarks on National Expansion

August 1, 2006

Richmond, VA — Peoples Income Tax, Inc. President Charles E. McCabe announced that the company’s Peoples Income Tax School (PTS) division has developed a series of new tax preparation courses and Continuing Professional Education (CPE) programs, as well as the Internet infrastructure and distribution channels to become a significant national player in the growing professional career education industry.

McCabe said, “I started The Income Tax School as a way to train tax preparers to provide the seasonal staff we needed to support the growth of Peoples Income Tax. But now,” he continued, “the school has evolved into a separate nationwide business that will likely become much larger than our core tax preparation business.”

Peoples’ tax education programs are marketed to: tax, accounting and financial serrvices professionals; firms that provide in-house tax training; and also to colleges and career schools. Peoples is a provider of CPE for CPAs and IRS Enrolled Agents (EAs); Continuing Education (CE) for Certified Financial Planners (CFPs), and Qualifying and CE courses for tax preparers licensed by the California Tax Education Council (CTEC).

Emil De Guzman of Superior Tax Service in Monterey, California, who completed the online California Small Business and Ethics Course, commented: “The Income Tax School CE program was very good. The content was relevant and the course was thorough and user-friendly.”

Karen Colyer, a Richmond, Virginia graduate of the live classroom Comprehensive Income Tax Course, commented: “When I was laid off from my job in 2003, I enrolled in The Income Tax School. With the tax knowledge I gained I was offered a position with a local firm as a Tax Preparer. I have since advanced to Office Manager and now have a new career.”

The school publishes its curriculum in-house, including student texts, instructor manuals, teaching aides and tax school operations manuals for licensees, such as independent tax and accounting firms that provide courses using Peoples’ curriculum and tax school system. Peoples also licenses its curriculum on a royalty basis to national distribution partners. All courses are also offered online directly to individual students nationwide, and in some other countries. Currently 14 courses are offered, ranging from 3 hour CPE programs to 30-60 hour courses and more are being developed. A new six 30-hour course CTPSM (Chartered Tax Professional) certificate program has just been introduced.

The school was formed in 1990 as a division of Peoples Income Tax, Inc. which was founded in 1987 by Mr. McCabe who serves as President and CEO. PTS is licensed as a private career school by the State Council of Higher Education for Virginia (SCHEV). McCabe also serves on the Executive Committee of the Career College Advisory Board (CCAB) which advises SCHEV on issues related to VA proprietary schools.

Complete information about The Income Tax School and course offerings can be found at the school’s new enhanced website.

Contact: The Income Tax School
(804) 204-1040 / (800) 984-1040