Taxpayers to I.R.S.: 'Show Me The Money!'

Taxpayers to I.R.S.: 'Show Me The Money!'
New National Survey Shows Most Expect Refund ... Software Could Speed Process



RICHMOND, Va., Jan. 31  /PRNewswire/ -- By now, most Americans have received
their W-2 forms and are contemplating the job of filing their 2004 tax returns.

For most taxpayers there is no benefit in procrastinating, according to a new
national survey from electronics retailer Circuit City.  Nearly 7,500 people
responded to the Circuit City "Just what I needed for my taxes" survey and more
than two thirds (69%) said they are expecting a refund from the state or
federal governments.

  What will those taxpayers do with their refunds? According to the survey:

  * Forty-six percent will pay bills;
  * Twenty-five percent will save it;
  * Seventeen percent will buy something fun;
  * Twelve percent will use it for home improvements.



During the 2005 tax filing season, the Internal Revenue Service expects to
issue more than 102 million tax refunds totaling $214 billion.  The I.R.S.
encourages Americans to file their returns electronically and predicts half of
the nation's taxpayers will do so this year.  The I.R.S. calls electronic
filing the fastest and easiest way to complete tax returns.  And, with e-
filing and direct deposit, many taxpayers can receive their refunds in as
little as two weeks.

Circuit City carries tax-filing software, which walks taxpayers through each
step of the filing process and helps to improve accuracy.  Software from both
of the major brands, TurboTax(R) from Intuit(R) and H&R Block's TaxCut, is
available in stores nationwide and at http://www.circuitcity.com/.  The Tax
Center at Circuit City's Web site also offers software downloads and helpful
tax filing hints.

* Circuit City's "Just what I needed for my taxes" survey was commissioned by
Circuit City Stores, Inc. and was conducted on the Internet by Decision Analyst
of Arlington, Texas.  Nearly 7,500 adults responded.  The survey's margin of
error is +/- 2%.

About Circuit City Stores, Inc.

Richmond, Va.-based Circuit City Stores is a leading specialty retailer of
consumer electronics. Circuit City operates 627 Superstores and five mall-
based stores in 160 U.S. markets. Its International segment operates through
more than 1,000 retail stores and dealer outlets in Canada. Circuit City also
operates a Web site at http://www.circuitcity.com/.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO ) 

http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO

http://photoarchive.ap.org/

DATASOURCE: Circuit City Stores, Inc.



CONTACT:  For States A-M: Steve Mullen, [phone],

, or For States N-W: Kathie Hess, [phone],

, both of Circuit City Stores, Inc.



Web site:  http://www.circuitcity.com/

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