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Keyword Search Results

Tax Refund

1. Press: Final report on tax refund loans released
   As tax season draws to a close, another year has passed in which tax preparers and their partner banks drained hundreds of millions of dollars from refunds by selling refund anticipation loans (RALs), mostly to…
2. Press: Half a dozen states delay tax refunds
   Procrastination is no longer just for the taxpayers who wait until the last moment to file their tax returns. Thanks to the economic downturn, at least a half-dozen cash-poor states are now delaying their tax…
3. Press: IRS ends release of info for refund-anticipation loans
   The IRS said Thursday that it will no longer provide tax preparers and lenders with information that helps them decide whether to offer a taxpayer a refund-anticipation loan, a move that could sharply reduce the…
4. Press: Tax-refund loans will be harder to make
   The Internal Revenue Service has dealt a hard blow to a tax product that has long needed to be knocked out. The IRS announced recently that starting with next year’s tax filing season it will…
5. Press: US Treasury to offer low-cost bank accounts
   Some U.S. taxpayers will soon be able to have their tax refunds directly deposited into a low-cost bank account, under a new pilot program the Treasury Department announced Thursday. The initiative is one of several…
6. Press: H&R Block customers lose ” rapid refund” option
   Millions of H&R Block customers who relied on short-term loans backed by their expected tax refunds will not have that option this year, since Block’s banking partner was forced by federal regulators to stop offering…
7. Press: Taxpayer, heal thyself
   Railing against the tax code has become an American tradition. But the question remains: What are you willing to give up to get a simpler tax code? In her 10th annual report to Congress, National…
8. Press: 4 questions to ask before hiring a tax preparer
   In December, Arnold Wood, a tax preparer based in Edgewood, Md., was sentenced to two years in federal prison for, among other things, claiming farm-related losses for clients who didn’t own a farm.  Wood was…