Originally Posted by nycquilter
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.
Those loans do not come from the tax prep company. That is actually against the law. Those loans come from banks that are associated with the tax prep companies.
Since those loans come from banks, you can be turned down for the loan.