Bank Products

[Gary2]

RAL is dead because the IRS no longer releases the client scores to the banks. Basically from what I understand it was kind of like a credit score on the taxpayer. The score was based on things like - if you normally get a refund - Do you normally owe? - Do you owe any portion of the government back debt - school loans - etc.

It wasn't a score, it was a simple yes/no flag. Either there's an offset filed against the taxpayer or there isn't.

[Earl]

Jiggers

What is the total EPS/Drake fee for just handling the fee.

[ToledoEd]

Drake/EPS fees for the 3 options are $7 for Visa Card, $17 Direct Deposit, $27 for a check.

These are pretty decent prices, the check is higher than it used to be, We offered the Visa cards only last year and there were some complaints about the fees for using the cards. I prefer people use direct deposit, much simpler for me and the only problem I have had is people spend their refund before they realize they got it.

[oceanlovin'ea]

Refund Advantage

I talked to Refund Advantage a few days ago. For people with TaxslayerPro the lowest fee was $23.95 with the no incentive program and $9.95 for the state. Since Florida doesn't have a state return, I wouldn't have to worry with that fee. The incentive is if you process so many, you get something back from the company. So I would do the no incentive program. You can do as few or as many as you want. No charge to sign up.

This is for DIRECT DEPOSIT of funds.

I think I will sign up and just offer it to those that are going to ask me to hold the check till they get the refund.

Linda, EA

[Dusty2004]

At what cost

I do not print checks.

E-file the return. Once approved by the IRS, and the refund is released, it goes to EPS Financial who direct deposits my fee and send the balance, less EPS/Drake fee, to my client by way of direct deposit.

What is the cost to your client?

Dusty