Tax Updates

Please note that no one can get RALS (refund anticipation loans) not even H&R Block

 Bank regulators shut down HSBC last Dec which was the only one left after shutting down Santa Barbara as they wanted to make sure people were not paying so much just to get their taxes done.

I also try to talk people out of doing Refund Transfers because the banks charge another $49.95 to pay us out of your refund. I think you would be money ahead to just pay us, and keep your money when it comes into your account.

The other problem last year was they stopped putting the debt indicator on so a lot of banks opted out of bank products, but it also hindered preparers from knowing what was happening with their clients refunds. It took weeks to find out if it was for IRS debt or FMS (child support). By that time we had to chase people down to get paid.

That is where most of our bad debts came from as they seemed to think since they did not get their refund, that we didn't need to get paid! We also had to wait two weeks to get paid! Not a very good situation.

 This year any Refund Transfers will need to have a post dated check for the amount owed so that if they do not get their refund we can still get paid. Sorry for the inconvenience, but one year it cost us over $4,000! We are also enforcing a $40 NSF fee for any checks that do not clear.

Please check back often as things will be updated often.