The Truth About Rapid Refunds: Refund Anticipation Loans May Not be Worth the Risk
Refund Anticipation Loans or “RAL’s” were originally marketed as “rapid refunds”, with the goal of expediting the receipt of income tax refunds for tax filers. What many filers believed was a refund was actually a loan made directly to the taxpayer by the tax preparer, with the refund being “assigned” to the tax preparer. The […]