Debt Consolidation, Help and Relief

Are Refund Anticipation Loans Headed For Extinction?

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  • Posted 10/22/10. by alison

Back in the day, Americans strapped for cash around the holidays could take out a Refund Anticipation Loan. That meant that they could spend the money they expected to get back from Uncle Sam long before tax season even arrived. But a new battle brewing between H&R Block and HSBC Bank [...]

IRS Won’t Share Debt Information Anymore

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  • Posted 08/5/10. by alison

The IRS announced changes to its policy regarding releasing information about taxpayers’ debts. The debt indicators as they’re called, used to be passed on to inquiring financial institutions, but now the information will be withheld. The information was typically used by financial groups that provide refund anticipation loans. The organizations could then tell if someone’s [...]

Tax Preparers Promising Large Refunds

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  • Posted 02/26/10. by admin

Tax preparers that promise large refunds are to be approached warily. With tax season upon us, there is going to be a strong push by preparers from coast to coast to attract consumers needing their tax forms prepared. One of the tactics used is making promises that cannot be kept.

Tags: Tax compliance solutions, [...]

Rapid Tax Refunds Can Turn Into High Interest Loans

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  • Posted 02/15/10. by admin

As soon as tax season approaches the advertisements for Rapid Tax Refunds appear. They sound so simple up front: Get assistance filing a tax return online for a fee and the company will even loan you the money up front equal to the estimated refund. What a deal! Or is it?

Tags: Taxation in the [...]