A:
1 Answer
rank
1
|
Before electronic filing, when it would take several weeks to process a paper tax return, a RAL was an attractive timely option to a family in need of money. But with today's electronic filing, refunds are available within 3-5 business days from the state and within 10 days from the IRS. The state and IRS offer the same speedy benefit without any cost.
more
|
breakfreee.org
Related Videos
Add your answer...
Top Answerers
1.
2.
3.
Top Askers
1.
2.
3.
Top Supporters
1.
2.
3.
Why were Refund Anticipation Loans (RALs) created?
Related Questions
- No. You are under no obligation to use Refund Anticipation Loans or purchase any product from the software ...
- Businesses that prepare and file an individual's tax return typically offer "Fast Cash Refunds." There are ...
- Half of all RAL applicants are living on the edge of poverty. They are working families that typically ...
- RALS are short-term cash advances where income tax filers borrow against their own tax refund money. Refunds ...
- RALs are usually offered during tax season (January through April) but savvy merchants are starting as early ...