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For example, at Jackson Hewitt, you can receive up to $700 before your W-2 arrives so long as you can provide a valid proof of income, e.g., a paystub. Pros and Cons of a Tax Refund Advance
Jackson Hewitt office, Wayne, Michigan. Jackson Hewitt Tax Service Inc. is the second largest tax-preparation service in the United States; responsible for preparing over 2 million federal, state, and local income-tax returns each year. The headquarters is located in Jersey City, New Jersey. [2] It operated more than 6,000 franchised and ...
Use of tax-time financial products, such as refund anticipation loans, in 2016. Refund anticipation loan (RAL) is a short-term consumer loan in the United States provided by a third party against an expected tax refund for the duration it takes the tax authority to pay the refund. The loan term was usually about two to three weeks, related to ...
Regardless of what a third party calls it, a tax return advance is a type of loan administered by a tax preparation company that gives a taxpayer access to a portion of their estimated refund ...
It works like this: a tax preparer prepares and e-files your return. The loan provider reviews your tax return and may consider other factors like your income and credit score. You then receive a ...
Tax returns, in the more narrow sense, are reports of tax liabilities and payments, often including financial information used to compute the tax. A very common federal tax form is IRS Form 1040. A tax return provides information so that the taxation authority can check on the taxpayer's calculations, or can determine the amount of tax owed if ...
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