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Thread: Rapid refund loans from tax refunds

  1. #1
    Super Member SherriB's Avatar
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    My DD used a tax filer that DH and I went to for years. (We now file online). She is getting a very nice refund back and they desperately need the money. (SIL was hurt at work and was terminated. No drugs, passed the test, but still terminated and can re-apply for his job back after dr. releases him.Broken finger and couldn't work for 3 weeks.) Any way, the tax filers gave her part of her refund the next day and told her to come back Friday.

    She went back yesterday and was told, oh some checks are late, check back today. Still no check and a lot of run-around on the filer's part. She called me crying her heart out. Said she might get her check this coming Friday. She is in a panic over their bills, but nothing major. Rent and car payment made.

    My question is, how long can the tax filers keep putting off giving her her check??? Can we call the IRS if she doesn't get her check Friday?? We have never had such a problem with this place before. I am thoroughly disgusted with the tax filers.

    My heart just aches for her.

  2. #2
    Super Member babyfireo4's Avatar
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    alot of people, myself included, are having delays on their federal refund. This is what I found out. After e-filing it can take 8-15 days to have your refund deposited and then up to an additional 1-4 days for it to be posted to your account. filing manually idk I always heard 3 weeks.

    all of this is from the point that the irs accepts it and they can wait until feb. 15 to do so if they decide to.

  3. #3
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    the check is not coming from the IRS. If I'm understanding you correctly, that is. The loan is coming from whomever she used for preparation. What percentage are they taking for this? My husband is a CPA, partner in a firm, and he is adamant that this kind of loan should not be permitted. If you file early, the refund turnaround time is pretty quick.

  4. #4
    Super Member lauriejo's Avatar
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    She should have been given paperwork with the details of the loan. It should spell out how long they have to issue the check, and how much of that refund is going to the cost of the loan.

  5. #5
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    Sorry to hear of your daughter's situation. Unfortunately, talking to the IRS probably won't help much since I'm guessing that the tax filer you use is a private business. From a problem solver standpoint - she can and should ask for proof that they've filed the return...then make sure she checks the wording in the paperwork she got from the filer...watch the small print! If the filer doesn't have to pay the rest of the money till the check comes back, then it depends on how fast the IRS is returning refunds..this time of the year is usually pretty fast.

  6. #6
    Super Member Prism99's Avatar
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    Is your SIL filing for workmen's comp? If he was hurt on the job, he should qualify for some kind of help.

  7. #7
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    Quote Originally Posted by Prism99
    Is your SIL filing for workmen's comp? If he was hurt on the job, he should qualify for some kind of help.
    Missed this the first time I posted, but you should also check for state laws about firing employees who are injured. They may be able to force you to take time off for healing, but I think that they cannot require you to reapply for your job in order to come back to work...there are also federal laws.

  8. #8
    Super Member SherriB's Avatar
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    He is going to try and get his job back before he does anything. He was told that they would not hold his job for 3 weeks while he was off and was terminated.

    As for DD, I wish they would have filed online. We did and got out money back 3 days later. I will have her bring the papers they gave her and read them with her and hopefully find some answers.

    I just wish I could do more to help them.

  9. #9
    Super Member Bluelady's Avatar
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    She can check at www.irs.gov to see if the IRS has funded her account.
    Note: she did not get her "refund" the next day from the tax prep service. She got a loan. The remaining amount of her money will be paid to her when the IRS funds the bank account that the tax firm set up to get the loan paid off.

    This last Friday the IRS deposited funds in a timely fashion.
    However, without her checking at www.irs.gov and following the links to "Where's My Refund?" she will not be able to tell if the IRS actually sent their refund out to the bank. If it has not been sent out, the IRS will give an anticipated date for release.
    Usually the IRS will send the refund out in 8 to 15 days, so if she was told the rest of her money would be there in a couple days, they lied.
    The IRS has had a few delays in funding refunds but to the best of my knowledge, none of the refunds scheduled to be released on the 11th were delayed.

  10. #10
    Google Goddess craftybear's Avatar
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    good luck to her have her to get the papers from who prepared her taxes and read the fine print

    I heard on the news the other day that this is happening to alot of people and they don't understand the fee they are paying for this service and some of them has turned this over to our local news and they are investigating

    good luck

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