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Displaying results 1 - 10 of 57 items found.

1. West Virginia Tax Refund Loans Called Into Question

(Web Page; Mon Aug 30 13:36:00 CDT 2010)

Filers in a big hurry to get tax refunds into their hands so that they can pay their mortgages and other bills often turn to instant refunds, which are tantamount to short-term loans. The West Virginia Center on Budget and Policy, howeve...

2. Tax Refund Loan Alternatives

(Web Page; Mon Aug 30 12:55:00 CDT 2010)

Florida Southern College associate accounting professor John Stancil says refund anticipation loans (RALs) are not necessary now that electronic filing and direct deposit allow filers speedy access to their refunds, and he attributes the...

3. JPMorgan May Quit Tax-Refund Loans, Helping H&R Block

(Web Page; Thu Apr 29 13:55:00 CDT 2010)

JPMorgan Chase & Co. reportedly plans to cease making tax refund anticipation loans (RALs) for some 13,000 independent tax preparers, as the product does not mesh with the company's strategic plans. Liberty Tax Service CEO John Hewit...

4. New Policies Aim to Reduce Payday, Tax Refund Loan Dependency

(Web Page; Thu Sep 02 16:11:00 CDT 2010)

The Obama administration will soon unveil a program through the U.S. Treasury Department's Internal Revenue Service designed to provide low- to moderate-income taxpayers with the tools they need to avoid taking out payday and refund anti...

5. IRS Decision on Refund Loans Not Good News for Tax Preparers

(Web Page; Fri Aug 13 10:49:00 CDT 2010)

Beginning with the 2011 tax filing season, the IRS will no longer provide debt indicators to tax preparers and financial institutions. Debt indicators initially were used to encourage more people to file their taxes electronically; but w...

6. Consumer Groups Warn About Tax Refund Loans

(Web Page; Wed Aug 25 14:58:00 CDT 2010)

Over 8 million Americans -- approximately one in 17 taxpayers -- who were unwilling or unable to wait for their tax refund took out refund anticipation loans (RALs) in 2008. According to the Consumer Federation of America (CFA) and the N...

7. Tough Economy Expected to Spark Surge in Tax Refund Loans

(Web Page; Mon Aug 30 13:13:00 CDT 2010)

Consumer advocates worry that the economic crisis will prompt more cash-strapped taxpayers to obtain refund anticipation loans (RALs) in the upcoming tax season, especially with more money going to taxpayers due to higher income threshol...

8. Report: Tax Refund Loans Cost Low-Income Arkansans $100 Million a Year

(Web Page; Mon Aug 30 11:41:00 CDT 2010)

Findings by Arkansas Advocates for Children and Families show that state residents fork out an estimated $100 million annually for refund anticipation loans -- nearly $22 million of that in loan fees and the other $78 million in tax prep...

9. Signs of a Predatory Tax Refund Loan

(Web Page; Mon Jul 12 14:10:00 CDT 2010)

Signs of a Predatory Tax Refund Loan If you're expecting a refund this tax season, you may be tempted to use an "instant refund" or refund anticipation loan (RAL) this year. Before you or your family give your hard-earned money aw...

Description: If you're expecting a refund this tax season, you may be tempted to use an "instant refund" or refund anticipation loan (RAL) this year. Before you or your family give your hard-earned money away, check out these four signs of a predatory refund anticipation loan. You'll see why most RALs are just a raw deal

10. Lawmaker Wants Restrictions on Tax Refund Loans

(Web Page; Thu Dec 10 17:10:00 CST 2009)

With the support of Arkansans Against Abusive Payday Lending, AARP, the NAACP, and other interests, Arkansas Rep. Darrin Williams (D-Little Rock) is pursuing consumer protections for residents who seek cash advances on their income tax r...