ANSWERS: 1
  • If you expect a refund on your federal income taxes, you want to get that refund as quickly as possible. Rapid refund is a way to get your federal tax refund back quickly.

    Significance

    Taxpayers who need cash quickly to pay bills or for other necessities can receive a loan against their expected refund.

    Time Frame

    You can receive a rapid refund loan in as little as one to two business days after the Internal Revenue Service (IRS) accepts your tax return.

    Cost

    Many tax services offer rapid refunds for as little as $15.00. Some services charge a fee plus 1 percent of the refund amount.

    Alternatives

    If you have have a simple return, you can e-file your taxes for free and have your refund deposited directly into your bank account in as little as 10 days.

    Warning

    You should choose your tax preparer carefully. If your tax return is prepared improperly, you will have to pay back any money received from a rapid refund loan.

    Source:

    IRS.gov: E-file Your Taxes

    Rapid Tax Refund: Rapid Tax Refund - Fast Tax Refund in Fastest way Possible

    RapidTax.com: Tax News & Alerts

    More Information:

    Rapid Tax Refund

    Taxhead.com: E-File Made Easy

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