Category Archives: Taxes

Why getting a Tax Refund Anticipation Loan is a Bad Idea

Why getting a Tax Refund Anticipation Loan is a Bad Idea

The tax anticipation refund loan is basically a method by which a tax filer can receive his refund back immediately. So basically in this the consumer is guided by the tax preparation entity through filing ones taxes. The amount which has to be refunded is determined and then the individual is offered the refunded cash instantly. Although here they will be deducting some amount of fees. And in return when the refunded cash is issued by the Internal Revenue Service the company gets to keep it.

Who are the main targets of the refund anticipation loans and why?

Now these RALs are in no case considered a wise decision in financial aspects. Also since they generally aim to find people with lower income individuals and families, these types of loans are often seen as predatory.

There are some really strong reasons because of which RALs target such people.

Now people who have low income brackets are often found dealing cash flow issues.  Here the tax refund is then seen as a great chance to avoid those issues for quite some time

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When do You Need to Submit a 1040 Form?

When do You Need to Submit a 1040 Form?

There are several types of federal tax return forms. Individuals and businesses are required to use the form that best fits their particular circumstance and allows them to claim the income, deduction, etc. that apply to them. If you are a new business owner and are required to obtain an Employer Identification Number (EIN) for… Continue Reading

Changes in Business Law in 2017

Changes in Business Law in 2017

With Brexit on the horizon and a snap general election announced recently by Prime Minister Theresa May, the future is looking very uncertain, and uncertainty is a difficult climate to do business in. Businesses need to have firm expectations about what the future will be so they can make long term plans, and this is… Continue Reading