You Have Options
As always, you have the option to have the Internal Revenue Service direct deposit your refund into your checking account or issue you a paper check by mail. The options are free but sometimes take longer than other options.
We know that sometimes it may not be easy to come up with
enough cash to pay for having your taxes prepared before
you receive your refund. We offer 2 options which allow you
to have your preparation fees deducted from your refund:
OPTION #1 (RAL):
By applying for a refund anticipation loan, many clients may
receive their refund within 24 hours. Using this option, we
complete a brief application, with your permission, and submit
it for approval. This is done at the same time we e-file your
return. Upon approval, we receive a refund check that is
picked up by you in our office. This refund is typically
available no later than the next business day. Many times it is
available the same day that you apply. All fees due to us are
collected directly from the refund prior to the check being
issued. This means no "out-of-pocket" expenses to you.
OPTION #2 (ERD/ERC):
Using this option is almost identical to option #1 (the RAL described above). One difference is that the funds are either direct-deposited into your bank account or a paper check may be issued at our office instead of by mail. This is not a loan product, but simply provides a way for you to pay your tax preparation fees out of your refund and not out of pocket. THE MAIN DIFFERENCE BETWEEN THESE TWO OPTIONS IS THAT THE FUNDS ARE NOT AVAILABLE AS QUICKLY AS WITH THE RAL. This option may take 10-14 days.
