RAL Denials

[jrt_ms1995]

Yeah but what does e-filing and Refund Anticipation Loans have to do with each other? They are seperate services

Yes, unless the preparer is requiring the RAL as a condition of e-filing (probably illegal), or more likely just trying to confuse the customer (definitely unethical), in order to rake in the money (like sock's 4.2% and my mother's 40%) for doing next to nothing.


sockgirl, are you intentionally loaning the IRS $134 per week at no interest so you receive a huge refund (hey, my brother likes to do it, and I can't convince him not to), or did something significant happen that you ended up with such a large overpayment? And, "none of your business" is a perfectly acceptable answer (since it isn't).

 

[Cowgirl]

If it's a necessity, yes.
I said I don't know the situation.

So why are you pretending you know what's best for her?

I rest my case.
You give your money away, I'd rather wait and have an extra $300

This coming from someone who has NO idea about filing taxes.

 

[sockgirl77]

Yes, unless the preparer is requiring the RAL as a condition of e-filing (probably illegal), or more likely just trying to confuse the customer (definitely unethical), in order to rake in the money (like sock's 4.2% and my mother's 40%) for doing next to nothing.


sockgirl, are you intentionally loaning the IRS $134 per week at no interest so you receive a huge refund (hey, my brother likes to do it, and I can't convince him not to), or did something significant happen that you ended up with such a large overpayment? And, "none of your business" is a perfectly acceptable answer (since it isn't).

Where are you getting the $134 per week? My intention was to get the money the next day because I needed it. But, I think that I have already tried to state that.

 

[sockgirl77]

So why are you pretending you know what's best for her?
This coming from someone who has NO idea about filing taxes.

Thank you.

 

[theArtistFormerlyKnownAs]

Do you have credit cards? Do they charge interest? Car payment?

Yes. Yes, but I choose to actually pay my debts off by the end of the month so I don't give free money to the company...
No car payment Used cars get a

So why are you pretending you know what's best for her?
This coming from someone who has NO idea about filing taxes.

Is it not common sense that if you can wait for free money, then that is the better option than paying for it?
Apparently not.

 

[jrt_ms1995]

Where are you getting the $134 per week? My intention was to get the money the next day because I needed it. But, I think that I have already tried to state that.

$7000 refund divided by 52 weeks in 2008 is $134.61 per week that you overpaid to the IRS. If nothing significant happened in your situation, then the withholdings from your pay check are too high.

 

[Chasey_Lane]

I would have paid $300 (flat fee)

 

[theArtistFormerlyKnownAs]

You're not a 19 year old know-it-all, are you?
Want to talk some sense into socki, please?

 

[pixiegirl]

Want to talk some sense into socki, please?

There's no such thing.

 

[sockgirl77]

$7000 refund divided by 52 weeks in 2008 is $134.61 per week that you overpaid to the IRS. If nothing significant happened in your situation, then the withholdings from your pay check are too high.

EITC and daycare.

You're not a 19 year old know-it-all, are you?
Want to talk some sense into socki, please?

Talk to the other thousands of people that choose to get a RAL. Socki doesn't GAFF what you think.

 

[theArtistFormerlyKnownAs]

Talk to the other thousands of people that choose to get a RAL. Socki doesn't GAFF what you think.

Thats a shame

 

[JULZ]

I would have paid $300 (flat fee) to get back a little over $7k.

Why would you willingly pay $300 just because you are getting $7k back (or $8k according to your other thread)?

 

[sockgirl77]

Thats a shame

God, I really hope that you never need a loan. Mind your own damn business and quit giving unwanted advice to me on a daily basis.

 

[kwillia]

No lie! $300 would get you a really, really nice already painted pink princess lamp or two...

 

[sockgirl77]

Why would you willingly pay $300 just because you are getting $7k back (or $8k according to your other thread)?

Because I needed the money sooner. I have posted that 3 times in this thread. It is 7k. I thought it was going to be 8k but I calculated it wrong. Good thing I let someone else do it.

 

[aps45819]

Why is that stupid? I needed the money sooner. :shrug:

The intrest you pay is in loan shark territory.

If you need the money, don't give it to the government in the first place. Just add a dependent or two to your witholding

 

[JULZ]

Do you have credit cards? Do they charge interest? Car payment?

Don't we pretty much all have those types of bills. Didn't you expect to pay those this month anyway, with or without a tax refund?

I filed my takes via TurboTax, from the comfort of my own home over the weekend. My direct deposit refund will be in my account Feb 6.

I'm just saying if you need the money to pay your regular bills, just call the companies and let them know that you will have your tax refund check by such and such date via direct deposit. Don't spend any more money than you have to to get your money.

 

[theArtistFormerlyKnownAs]

Because I needed the money sooner.

apparently you didn't, considering you didn't get it and I think you're still getting by...right?

Want does not equal need.

 

[theArtistFormerlyKnownAs]

I dub this: The kinder, gentler version of my advice:

Don't we pretty much all have those types of bills. Didn't you expect to pay those this month anyway, with or without a tax refund?

I filed my takes via TurboTax, from the comfort of my own home over the weekend. My direct deposit refund will be in my account Feb 6.

I'm just saying if you need the money to pay your regular bills, just call the companies and let them know that you will have your tax refund check by such and such date via direct deposit. Don't spend any more money than you have to to get your money.

 

[jetmonkey]

Because I needed the money sooner. I have posted that 3 times in this thread. It is 7k. I thought it was going to be 8k but I calculated it wrong. Good thing I let someone else do it.

Someone on the forum would probably advance you $7K for $250.