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refund
Refund anticipation loan (RAL) is a short-term consumer loan in the United States provided by a third party against an expected tax refund for the duration it takes the tax authority to pay the refund. The loan term was usually about two to three weeks, related to the time it took the U.S. Internal Revenue Service to deposit refunds in electronic accounts. The loans were designed to make the refund available in as little as 24 hours. They were secured by a taxpayer's expected tax refund, and designed to offer customers quicker access to funds.
The costs to the borrower could be significant compared to other lending and some consumer organizations warned consumers of the risk involved in this type of loan. They are a largely discontinued financial product and beginning with the 2013 tax filing season, they have been largely replaced with the similar refund anticipation checks (RAC), as well as a hodge podge of other financial products.RACs are temporary accounts which wait for the client's IRS tax refund, and which also provides a way for the client to pay for tax preparation out of the refund. Both financial products have similar fees and similar risks of third-party bank "cross-collection".
A similar process in Canada to a RAL is termed "tax rebate discounting".
Hi, Can someone help point me in the right direction of where I turn to get a refund from college?.
Hi, this is not about an electrical course but I have done my level 3 2365 etc in the past and I know what to expect from a level 3 course.
I did a course at another college in Epsom and it was...
Hi all
I have a very abusive customer demanding a refund (because they claim they paid me twice) but not willing to provide any everdance.
I am getting several texts, emails, calls and letters daily.
I have passed it onto my bank and they cant find any duplicated payments from her either.
Any...
Hi,
I've just had a scam email from "hmrc" and thought everyone should be told about it.
Check out this link Beware the fake 'HMRC tax rebate' email
It will give you all the details.
Hi all,
I am lucky enough to be due a tax rebate this year, and i was wondering if anyone knows how long it will be before i receive it?
I would phone my accountant but she is away at the moment.
Cheers!
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