IRS would like to receive feedback from the Ad Hoc TAP members on the IRS’ current plan for the development of a Financial Literacy Toolkit, (FLT). The FLT plan and its related information were presented to the Ad Hoc committee at the Washington face-to-face meeting in June 2006.
Proposal:
Make the overall goal of the FLT clearer. Since this toolkit will address more than the specific benefits of filing one’s tax return, the new wider goal statement will make a larger audience aware of this toolkit and its critical information.
Add more financially specific topics to the subjects for the FLT. Examples of topics are “How to Do a Family Budget”, Including Tax Planning, “How to Identify and Use the Proper Borrowing Agents”, FDIC Insured Banks, “How to Plan for Retirement”, with related saving plans, “How to Prevent Identity Theft”, Protecting Yourself and Family.
Review the list of places to distribute the toolkit. A suggested additional location is public libraries, which are often used as meeting places
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