Filing Taxes Already

[geekgirldany]

What hits the fan? I OD'eed a few weeks back on laxatives. As the Irish would say, "Oh ****."

Is that what hit the fan?

Yep that is what hits the fan

But from my reading in this post the customers are told up front their options and that it has to be paid back in Feb. So there may not be much that hits the fan.

[Jesse]

Curious....

It is not a RAL or relation to it.
The client did not have to come in last year.
The client doies not have to do their taxes there this year.
They lose nothing by not coming back as they have nothing tied into the return.
The charge is not tied to the return and certainly does not have the high rate suggested.
It must be paid back by 19 feb, can be deducted from return if they go to block.

Is this just a loan program that HR Block offers that actually has nothing to do with a persons anticipated refund?

What is the rate and what happens if it is not paid back by 19 Feb?

[Joe Btfsplk]

Low-low-low rate???

A low rate might be 6% per annum.( ½ % per month) A high rate would be 18% per annum (1 ½ % per month). I suspect those low-rates charged by the tax shacks are much, much higher than either of these rates. They might be more in the order of 5%-10% per month--or 180% per annum or more. Yet that sounds low if you only quote the rate without specifying that it is a monthly rate.
People who make money fleecing the poor and the ignorant can always justify it--"after all, if I didn't do it other people would."

[Oxtrainer]

Jesse

Staying at lunch