About Tax Refund Advance
Are you expecting a tax refund from IRS this year?
Using a tax refund loan service could give you your money in just 24 hours or less with a tax refund advance.
Review the various offers on our site to find advances or tax refund loans you are seeking.
When you file an old fashioned paper return your refund would often be issued within about 6 to 8 weeks from the filling date on which the IRS actually receives and documents your tax return. It’s not uncommon for it to take even longer. Alternately, if you file your tax refund electronically you will receive your refund in about half that time or less. If you are in a hurry or you need your refund urgently, the way to go is with tax refund advances.
Tax Refund Advance Loans
“I know about the quick cash pay check loans. I was on the treadmill cycle of weekly loans; that is, until I discovered that I could get a tax refund advance. I was finally able to get-off that cycle using the loan money I received from my tax refund anticipation loan. I said goodbye to my weekly advance loans.”
Estimate your Tax Refund Advance for FREE
Tax refund advances are based on the estimated tax refund you expect to receive from the IRS, the Internal Revenue Service. This type of loan is commonly known as a tax refund advance. It has a number of similarities to a payday cash advance but is much quicker than waiting for weeks or even months to receive your tax refund. Getting a tax refund advance is a much quicker alternative to receive the tax refund money you are expecting.
Tax Calculator to Estimate your Refund
You can use a tax refund calculator to estimate your potential refund for Free. A tax calculator is really just a very simplified tax preparation tool that walks you through some of the very basics while making adjustments for the most common tax credits and expenses. For less complex tax returns a tax calculator works quite well. But remember, a tax refund calculator only provides an estimate.
How To Get A Tax Refund Advance
There are several different ways to get your tax refund advance loan. It can be very quick and easy. Most all companies that provide tax refund loans will require you to do a efile tax return as a prerequisite to a tax refund advance. You can elect to efile tax yourself or use the services of a professional tax preparer who will assist you efile tax. Your best bet is to be well prepared and organized with all your tax information in hand and then enlist the services of tax preparation service that offers tax refund advances. If you need your refund urgently to settle some debt issues or just catch up on paying the bills then getting your tax refund loan advanced rapidly is of the upmost importance. In many cases you can be in and out the same day and have your “advance” in as little as 24 hours or less. Tax refund loans are a handy way to quickly access a fast tax refund.
Get refund money faster with eFile Tax System
Sometimes called a “refund anticipation loan” or “tax refund advance“. These tax refund loans usually require you to efile tax – and, for the IRS to acknowledge acceptance of your efile tax return. Your refund loan is available in as little as 1 business day or less upon verification of IRS acceptance. Qualified eFile tax service customers can apply for a tax refund advance. To qualify for a tax advance loan, several requirements must be considered including the anticipated amount of your tax refund.
eFile Tax with No Upfront Costs
If you choose to efile tax and qualify for a tax refund advance or electronic refund check there is usually no out-of-pocket payments required at the time of your tax preparation because all of your fees can be withheld against the tax refund anticipation loan amount. Upon approval of your loan, tax preparation fees can be deducted from the loan amount and the balance of the loan is given to you. When the IRS gets around to refunding your money it is used to pay back your loan.
The main steps toward applying for income tax refund loans are as follows:
- Before approaching a tax preparer that offer refund anticipation loans it is always better to get help from any of the online software tax preparation tools such as turbo tax and know about the eligibility for receiving advance on your tax refund.
- Seek-out the help of a local tax preparation service that is reliable.
- Get familiar with the various forms and the documents needed to file for tax refund advance loan.
- Gather and organize everything you can dig up having to do with your income, taxes, fees, licenses, expenses, interest and anything that may be tax related.
- Keep yourself informed and updated with basic tax laws through the internet and by visiting companies that offer tax refund advances.
Good Luck and Enjoy your Tax Refund Advance
If you are anticipating a tax refund from the Internal Revenue Service or IRS this year, the traditional process of claiming the refund may take 3 weeks to a month or even longer before you could get the money.
Consider Tax Refund Advance Loan
For this reason, the “Tax Refund Advance“, a type of loan option available to some taxpayers from a tax refund loan service, would be something that you may want to consider. What makes the “advance” different from the normal tax refund processes? Let us find out more about it.
First and foremost, if you file your tax return to claim a refund using the old fashioned or traditional filing of a paper return, you actually have to wait a minimum of 3 to 6 weeks, or sometimes even longer before it gets processed. This is the reason why a lot of individuals get frustrated and pretty upset with the process of getting their own money (overpaid taxes) returned to them.
But what if you need the money urgently in as little as a day? What if there are unexpected financial expenses that you have to take care of? Does it mean that you have to wait for the uncertain period of time before you could even get your tax refund?
Well, unless you go for a loan in the form of a tax refund advance, it definitely does. Even though the IRS appears to be getting faster at returning your money it still usually takes a minimum of 2 to 3 weeks. Not good enough if you need money quickly!
Although some people say that there is an electronic filing process, it may still take around 2-4 weeks for it to be processed and returned to you. Even though the second option is considerably faster than the traditional paper filing, there is still a more certain and a faster way of obtaining your refund in record time.
Getting A Cash Advance On Your Tax Refund
This is what the “Tax Refund Advance” is all about. Also known as refund anticipation loan (RAL), this entire process would approximately take 24 hours or in some instances even less for you to claim the proceeds of your anticipated refund, less the cost of the refund advance. Usually, you only need to provide an efile tax return, and once the IRS has acknowledged their receipt of your tax return, your refund loan will be made available in as fast as 24 hours or one business day.
There are certain qualifications that must be met which include the amount that you are expecting for your tax refund. Upon meeting them, you may become eligible for claiming your refund loan in advance, and have cash on hand, most especially during situations where there are unexpected bills or urgent need for cash.
Tax Return Advance Or Tax Refund Advance?
What is the difference? Well, for most of us – nothing, nothing at all… just semantics and the words we use to describe the same thing: Tax Refund Loans.
When planning to apply or file for a tax refund advance, it is best that you consult the services of a tax preparation professional that offers tax refund loans; those with extensive experience in this field. This makes the entire process easier on your end, and at the same time it will go faster as well. Do not forget that you also have to organize and make sure that everything is properly managed, including papers related to income return taxes, proof of identification, expenses, licenses and everything that may be related with your taxes and potential deductions and rebates. Also, read a little something about the laws with regard to taxes and tax refunds. This way, you will be able to easily understand how the entire process goes, and to avoid some common confusions and misunderstandings.
Tax refund advance can be the perfect solution to those who need money as soon as possible. Cash advances on tax refunds enables individuals to get a-hold of their IRS tax refund proceeds faster than the usual period. The big benefit of an advance is that you can avoid all the hassles and prevent waiting for quite some time before you receive your tax refund from the IRS.
When people have completed their tax return and realize that they will be getting a tax refund, many seek something like a Tax Return Advance; often called a tax refund anticipation loan. In this informational, we will take a look at what this is and whether it is a good idea to take advantage of an advance on your tax return refund.
Each year in the past, my friend Jimmy had his tax returns prepared by H&R Block. Since he typically has too much money withdrawn from his paycheck each pay period, Jimmy is told that he is due a tax refund from the IRS. Then, they would offer Jimmy something called a tax refund advance loan; a tax return advance loan on his pending tax refund. Block no longer offers the ‘advance‘, but other tax preparation services still do.
What is a Tax Return Advance?
This is a loan against your pending tax refund you are due from the IRS. It is also called a tax refund anticipation loan. This is a way for you to receive your tax refund sooner almost instantly. The loan is a bit like a payday cash advance but your tax refund will be used as collateral rather than a paycheck. This sounds like a good idea, does it not? “Money in the hand” can be a very helpful thing, especially if you have a pending financial emergency. Naturally, there are some fees associated with a Tax Return Advance. But if you desperately need some money in a hurry this is a reasonable option.
As with everything in life, nothing is for free. What would be the incentive for someone to simply pay you your tax refund advance and get nothing in return? There is no incentive and that is why the tax preparers and the payday advance loan companies, who also provide these types of loans, provide you this service for a fee, sometimes a very large fee!
Advance or not to Advance?
Let’s look at what is really happening when you receive a tax refund advance: You are borrowing your own money! Do you really want to pay to borrow your own money?
How much are you willing to pay to borrow your own money? Let us say that you are due to receive a refund of $1,000 dollars as a refund from the government. Your tax preparer, who did your taxes, then offers to pay that money right there and then, minus what he will tell you is a “nominal” loan fee.
This “nominal” loan fee varies per company. Sometimes, it is about $30 but other times it can reach more than $100. Many companies also charge administrative fees up to $50 and electronic transfer fees. All of this may amount to between $100-$200. If you are due $1,000, and you pay $100 to get it sooner, you are essentially paying 10% on your money in one day.
Plus, in today’s electronic environment, you can receive your tax refund electronically in about 14 to 28 days. Can you wait or not?
Unless you have an absolute emergency, you probably do not want to elect to go with a tax refund advance loan.
You can potentially avoid this situation next year by changing your withholdings so that the government does not keep all of your money and you will have it accessible throughout the year rather than taking out a Tax Return Advance also more often referred to as Tax Refund Advance.
Every year, the Internal Revenue Service reports that it cannot get refund checks to a large number of taxpayers. No, it does not try to hide this fact. It actually will publish news releases and contact media outlets to get the world out. This year, the IRS is trying to find almost 100,000 people that it has tax refund checks for. The total dollar figure for outstanding refunds is over $92 million dollars. That is almost a grand per person the IRS cannot find.
How do I get my tax refund?
To get your tax refund, you have to file your tax returns. You can do this on your own or by hiring a tax accountant or specialist. You must also make the deadline, which is usually in April, or file for an extension. You can find more information on these topics at the IRS website.
Most individuals opt to file taxes on their own to save from having to pay professional fees to tax specialists. Thanks to the Internet, almost anyone can easily file their taxes online! There are many software and program choices available online.
You will need your W2’s or 1099’s, and other documents to file your taxes. Once you have these documents, you can use online tax filing programs to plug in your information. Tax filing programs are easy to use, with clear instructions and instant help. The program will guide you through each step, and will even help you find deductions to maximize your deductions and refund checks!
Where do I get my tax refund?
You will usually receive your TaxRefund checks in the mail within three weeks. When you file your taxes online, you can also choose to have your tax refunds directly deposited into your bank account. All you need is your bank account and routing numbers, which you can easily locate at the bottom of your personal check. When you choose the direct deposit option, you’ll receive your check in half the time.
If you are in a big hurry for your refund you can always apply for a Tax Refund Advance. This is a type of short-term loan, “an advance” sometimes called “Tax Refund Loans”, that almost anyone can qualify for when electronically filing a tax return with a refund due back to the taxpayer.
The most important thing to remember about a TaxRefund is that you have to file to receive them. So save all your receipts and documents for deductions, and get your tax returns in by April– your tax refund advance is waiting!
A taxpayer becomes eligible for tax refunds when the amount of taxes paid is more than the tax liability. Tax refunds are also known as tax rebates. There may be several reasons for claiming tax refunds. This could include the need to change the filing status, report extra income, change exemptions, claim tax credits that have previously not been taken and claim additional dependents.Things to Keep in Mind before Filing for a rapid TaxRefund.
Here is what you need to bear in mind while filing for TaxRefund:
• You should state all the justifications for your refund claim. This is important because in case the IRS rejects your claim and you file a court suit, you will not be able to argue the case on the basis of the grounds that you have not mentioned in the refund claim. It’s always a good idea to go for a Rapid Refund.
• Your filing for a tax refund should include all supporting documentation. Without this, the IRS will reject your claim.Time Limits for Tax RefundsFor a successful filing of tax refunds, certain time limits must be met.
• The IRS will consider your claim only if the postmark on your mail is prior to the due date for filing tax refunds. This due date considers any extension to the filing date. This mailing rule applies to the US Postal Service as well as other IRS-designated private delivery services.
• A refund can be claimed within two years of paying your tax or within three years of filing your tax returns, whichever is later.
• If you file a joint return with your spouse whose refunds are being withheld by the IRS due to a debt, you get six years from the date of the IRS notice for the withheld tax refunds.
• You have seven years from the date of a debt or securities becoming worthless to file a claim based on this.
• If a taxpayer is physically or mentally impaired and hence unable to tackle financial dealings, the time limits are suspended. In order to be eligible for this, the period of impairment must be expected to last for at least a year. The time limits come in affect when an impaired person has an authorized guardian for handling his/her financial affairs.
Consider The Tax Refund Advance
To receive the biggest, fastest and most hassle-free tax refunds from the IRS get a team of experienced tax professionals to help you prepare and file your tax returns electronically. If you efile and want a extra Repid Refund you will be able to also apply for the Tax Refund Advance.
Waiting for the tax refund from the IRS seems like it may take forever. After you file your tax return for the refund, the IRS will still have to verify your application and the preparation of your check might take a lot longer period of time before it can be released. Because of this a lot of US citizens who are expecting to receive some sort of refund from their excessive tax over payments will opt to get a tax refund advance.
The tax refund advance is one of the best and the quickest means to obtain the money that they are expecting from the government. They can use this money for emergency purposes or just save it up for future use. There are a lot of ways on how they can spend this money.
Where to Apply for Tax Refund Advance
Tax refund advance loan is a short-term loan that is secured. Secured in the sense that the borrowers will use the checks or the money anticipated from the IRS as collateral. This means that there is no way that the borrower won’t be able to payback the loan. Since this is a secured transaction, there are a lot of companies that are offering tax refund loans to a lot of tax payers. By saying this, searching for a lender would not be a problem provided that you are really qualified for a tax refund.
You can even find lenders for tax advance loans online. The internet is one of the best sources for tax refund advance lenders. It is very easy and convenient to search for lenders online because you can always find one by just a few clicks of the mouse. On the internet, you can also find lenders can give you lower rates of interests for your loan. Getting low interest rates is important for you to save more money.
How to Apply for Tax Refund Advance
Applying for the tax refund loans is very convenient especially when you do it online. There is no need to prepare more paperwork since all the forms required can be accomplished online. The application process may only take a few minutes. After you have filed all the necessary requirements online for the tax refund loans, you will just need to wait for an agent to call you to continue processing your application.
The best thing about tax refund advance loans is that you can get the application approved within 24 hours. This is why it is sometimes called an emergency cash advance loan. You can use the money immediately to pay for emergency bills or other loans and mortgages that are already due. tax refund advance