Check out the story linked below for some encouraging news about the impending demise of the Refund Anticipation Loans. The report comes from Tara Lynn Wagner out of Buffalo New York.
http://buffalo.ynn.com/content/features/money_matters/514584/money-matters--changes-in-tax-refund-loans/In sum, until this year when a tax preparer submitted a return electronically they received a 'debt indicator' that notified the preparer and filer of any amount of the refund that would be withheld. This indicator enabled preparers to complete a Refund Anticipation Loan.
This is another encouraging piece of news for free filing services. Let's work together to get the word out early this year and help as many people as possible to avoid traps like the Refund Anticipation Loan. If you need to order marketing materials click the link at the top of this page. Ad, as always, never hesitate to be in contact with your Regional Coordinator or Community Trainers with questions or concerns.
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