Posts tagged as:

RAL

IRS Changes the Way RAL Providers Will Do Business

6 August 2010

The last couple of tax seasons have been tough for many taxpayers trying to utilize popular refund anticipation loans (RALs). With banks increasingly unwilling to provide loans for third party preparers, the potential pool of money available to folks seeking RALs was pretty limited. This made taxpayers unhappy. It made the IRS fairly happy. They, [...]

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Jackson-Hewitt Stock Continues to Take Hit on Loan News

11 February 2010

Shares of Jackson-Hewitt stock continued to plummet in February as word of their problems with their RAL lender continued to make news. The stock opened at $2.16 today, well below the $4.50 mark it had dropped to after its December announcement that it would not be able to cover all of its RALs for the [...]

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Where’s My Refund?

21 March 2009

About 10% of my “ask the taxgirl” questions right now are asking “Where’s my refund?” – though, admittedly, some ask in a nicer way than others. Your refund information is generally available about 72 hours after your tax return is processed. You can track your refund online with the “Where’s My Refund?” service offered by [...]

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Federal Court Tells NJ That RAL Rates Are Fine

18 March 2008

A federal judge has ruled that New Jersey cannot limit the interest rates and fees national banks can charge for taxpayer RALs (refund anticipation loans) even though the judge noted that the loans’ APR average 115%. Nope, not a typo, that’s well over 100%. New Jersey law limits interest and fees to 30% of the [...]

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