Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 07-24-2008, 12:33 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
The IRS proposes an end to the Refund Anticipation Loans!

The IRS is attempting to put an end to the Refund anticipation loans after 2008 and it appears that are going to be successful in that endeavor.

The IRS is deciding to act after receiving substantial complaints from consumer groups about the exorbitant fees for this service, sometimes with interest rates in excess of 200%.

The decision to act comes after reviewing the various complaints and thorough investigations. The IRS has decided to finally take action on behalf of the taxpayers most vulnerable to this scheme.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
C Corporation loans to officer for business purpose brndwgnr C-Corporation 1 01-21-2009 11:56 AM
Can Shareholder Loans made to Corporations be recharacterized by IRS as Capital? Pearl C-Corporation 0 10-03-2007 11:21 PM
Treatment of shareholder Loans to a C-corporation's Melissa C-Corporation 1 03-11-2007 12:39 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.