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Can you still get a Tax Refund Anticipation Loan - RAL if you owe taxes?
Wiki User
∙ 12y ago
More than likely not. Red flags will be raised. A RAL is a loan from a bank, not the government but unfortunately for you and anyone else who owes the government indicators will mark you. Banks who provide these loans are linked with the IRS database on who owes taxes. Banks will also refuse RAL for first time filers also. Your best bet is to wait out the required time. This may take 6-8 weeks or longer. The IRS wants it's money so pay it with that refund. It's better than having your wages garnished.
Wiki User
∙ 12y ago
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If you filed taxes on january23 can you get a check by janu ary 29 by check?
If your return is accepted by the IRS on January 23rd they will release your funds on February 5th. The only way to receive money earlier than that is through a refund anticipation loan. H&R Block has strong financial backing and is offering Instant Refund Anticipation Loans (you will receive money before you leave the office if you qualify) and Refund Anticipation Loans which will allow you to receive your money in two days or less.
How can one receive tax refund anticipation loans?
Several companies offer tax refund anticipation loans and many are available online. Instant Tax Service, ETax Loan, and H&R Block are just a few of the companies that offer these services.
How can I receive a fast tax refund without a refund anticipation loan?
The best way to get a fast refund is to file your claim as soon as you can get your W-2s back from your employer and get the direct deposit from the government that way you dont have to wait on a refund check to be processed and come in the mail.
How can I get my tax refund back fast?
There's a couple ways you can get your tax refund back fast. You can go to a professional tax service that offers "refund anticipation loan." If you don't want to do that, you, you can offer direct deposit when you file so IRS can just electronically deposit your refund.
Who can keep your tax refund?
If you owe back taxes, the IRS can apply the refund to prior year's taxes owed. I think if someone is in default on a student loan, then tax refund may be withheld to pay that (not positive though). The IRS dot GOV website may have more information.
What is required to qualify for a refund anticipation loan?
nothing
We used H and R Block in 2006 and will be using them in 2008 so can I get an anticipation loan now?
Assuming that you have a refund coming, yes, you should be able to get an anticipation loan when doing your taxes in December of 2007 for the 2007 tax year.
If you do your taxes online can you still receive the rapid refund?
If you elect to have it electronically deposited, you will receive the fastest refund process. (Presuming you don't mean some version of a Revenue Anticipation Loan or RAL which is also discussed in this datatbase and should be avoided at all costs).
Where could I find out about a tax refund loan?
A tax refund loan is a loan that is provided to you until you receive your tax refund. You can pursue this option if you have done your taxes and are expecting a refund.
Does a student loan refund have to be claimed as income on taxes?
Loans are never taxable...I'm not sure what you mean by a loan refund though!
How much is a Jackson hewitt refund anticipation loan?
please tell me....i may need one for the holiday's
Does Jackson Hewitt give you same day anticipation loan?
When I filed my taxes they did not offer me same day but a one day anticipation loan for a pretty hefty fee.
Do you have to make an appointment at HR Block to get one of their loans?
Yes. A refund anticipation loan is only provided if you (1) have H&R Block prepare your taxes and (2) have a refund coming. In order to have H&R Block prepare your taxes, you will need to walk in or call order to set up an appointment with one of their preparers.
If you filed taxes on january23 can you get a check by janu ary 29 by check?
If your return is accepted by the IRS on January 23rd they will release your funds on February 5th. The only way to receive money earlier than that is through a refund anticipation loan. H&R Block has strong financial backing and is offering Instant Refund Anticipation Loans (you will receive money before you leave the office if you qualify) and Refund Anticipation Loans which will allow you to receive your money in two days or less.
What is a typical interest rate for a refund anticipation loan?
The typical interest rate for a refund anticipation loan, RAL can vary widely and consumers should understand all the cost with this type of loan. RALs often carry extremely high interest rates, which do not include other fees such as electronic filling, application, and check cashing fees. With all that, taxpayers can end up spending more than 10% of their refund, just to receive their income tax refund sooner.
How do I find out if you owe the bank for the Refund Anticipation Loan?
If it isn't your refund anticipation loan, then you can't find out that information. A RAL is money borrowed from a lender according to the refund you're expecting to receive. This is a loan between you and the lender, and it's considered a contract. Therefore, you can only find out about your RAL, not someone else's. If your tax return has incomplete or inaccurate information that results in a smaller refund than the amount advanced to you through the RAL, then the tax preparation business that filed your RAL for you usually has that information.
How can one receive tax refund anticipation loans?
Several companies offer tax refund anticipation loans and many are available online. Instant Tax Service, ETax Loan, and H&R Block are just a few of the companies that offer these services.
