Community Income Tax Revolutionary Program to Give Independent Tax Preparation Companies Competitive Edge

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Professional tax services provider offers cutting-edge software that improves the efficiency of running a tax business.

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CIT also provides great service and easy setup - which is critical to a successful tax season. Rob has a clear understanding of the industry. He’s put together a system that benefits the taxpayer and tax preparer. It’s win-win.

Community Income Tax (CIT) has announced the continued success of its unique, all-inclusive professional tax technology program with unmatched pricing focused on eliminating junk fees in the tax industry. Helping tax offices earn significant savings by reducing operational costs and increasing competitiveness, CIT provides back office systems, support, and a complete tax software suite at an unprecedented flat fee of only $15 for the processing of each efiled return, including an optional no-cost refund transfer bank product through Republic Bank & Trust Company.

“Our goal is to shake up the professional tax preparation market by putting pricing power back into the hands of the tax professional, eliminating ever-increasing fees by other software providers and banks,” said CIT Founder and President Rob Kluba. “It’s time for a change, and CIT intends to drive this change. Through our relationships with industry-leading companies, CIT brings together the consumer-friendly, professional tax products a tax office needs under one roof for a single low price, including the ability to offer a no-cost bank product with every e-filed return.”

Kluba is no stranger to the tax preparation industry. He founded the Express Tax Service in 1997, and franchised EXPRESSTAX in 2001 overseeing its growth to over 300 locations, and then sold the company to H&R Block in 2006. He has now re-entered the industry with CIT, which empowers independent tax professionals to control their costs and compete with big box tax prep companies.

“I think it’s awesome. With CIT, I see significant savings which helps me complete with large, well-known tax companies,” says Sherman Ledet, owner of SL Accounting and Tax Corp. in Jacksonville. A CIT client since 2000, when he purchased an Express Tax franchise, he is impressed by what Kluba and his team have accomplished by providing a consumer- friendly service that also benefits the tax office. Ledet further offered, “CIT also provides great service and easy setup - which is critical to a successful tax season. Rob has a clear understanding of the industry. He’s put together a system that benefits the taxpayer and tax preparer. It’s win-win.”

By harnessing the power of technology, CIT simplifies the office enrollment and setup process, provides cutting-edge software that improves the efficiency of running a tax business and delivers training and support of the tax professionals through a variety of methods including webinars, live chat, videos and social media.

At the heart of CIT’s innovative program and low-cost fee of $15 for each filing are the special relationships CIT has with their partners: TaxAct, provider of easy-to-use and efficient tax preparation software, and Republic Bank & Trust Company, Member FDIC, in Louisville, KY, provider of refund transfers and refund advance product.

About Community Income Tax

Community Income Tax (CIT) is the industry’s only all-inclusive provider of professional tax services, bringing together professional tax software, bank products and year-round support for one low cost.

CIT delivers a simpler way to buy tax products. We eliminate the high upfront software fees, transactional bank product fees and common junk fees to help you grow your business. With pricing power back in your hands, you regain control over how much your customers pay and how much money you make on each return.

For more information, visit http://www.joincit.com.

About Republic Bank

Republic Bancorp, Inc. (“Republic”) currently has 42 banking centers and is the parent company of Republic Bank. Republic Bank has 33 banking centers in 12 Kentucky communities Covington, Crestwood, Elizabethtown, Florence, Frankfort, Georgetown, Independence, Lexington, Louisville, Owensboro, Shelbyville and Shepherdsville: three banking centers in southern Indiana – Floyds Knobs, Jeffersonville and New Albany: three bank centers in Flordia – Hudson, Port Richey and Temple Terrace; two banking centers in Tennessee – Cool Springs (Franklin) and Green Hills (Nashville); and on banking center in Blue Ash (Cincinnati), Ohio.

Republic Bank offers internet banking at http://www.republicbank.com. Republic Bank has $3.6 billion in assets and is headquartered in Louisville, Kentucky. Repbulic’s Class A Common Stock is listed under the symbol “RBCAA” on the NASDAQ Global Select Market.

Republic Bank. It’s just easier here. SM

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John Finotti
Tucker/Hall
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