A Rapid Tax Refund results in all applicable fees being automatically deducted from your refund so there is no need for you to make any type of payment. A Rapid Tax Refund is actually a loan from a bank which is also known as a "Refund Anticipation Loan" or (RAL).
Our affiliated bank, Bank One, actually gives you a loan based on your refund. As you can imagine, there is a lot of work involved in processing such a loan. However, we have made all that easy for you.
Once your return has been processed and approved by the IRS and Bank One, your refund, less all fees, will be direct deposited or mailed the next business day.
The cost for a Rapid Tax Refund includes standard preparation fees, a bank loan fee (calculated by the bank based on the amount of your RAL), and an efile fee. (See fees for fee schedule).
Once we have completed your return, we will send it to you via fax or e-mail. Additionally, we will retain your completed returns for a period of four years in our offices.
You may elect a Rapid Tax Refund for Federal refunds. State refunds will be directly deposited or mailed approximately 2-weeks from the time the IRS accepts your return.
Taxes1.com will prepare your Federal and State tax returns and transmit them to the IRS and your State Treasury Department electronically.
Once your return has been processed and approved by the IRS, your refund will be directly deposited into the checking or savings account of your choice in about 10 business days.
In addition to our regular preparation fees, electronic filing fees will be added. (See fees for fee schedule). Once we have completed your return, we will e-mail or fax it to you. We will retain your returns for a period of four years in our offices.
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Click here to view an explanation of the entire process in detail.
Taxes1.com prepares Federal and State tax returns only. You must file your local taxes yourself or contact a local tax preparer to file your local tax return.
Here is typical Rapid Tax Refund (RAL) example (The fee schedule can be displayed by clicking here.)
| Form 1040 (Long, Short, or EZ) | $60 |
| W2's | $FREE |
| E-File Fee | $FREE |
| alberghi a SienaBank Fee (RAL Fee) This fee depends on the amount of your Fast Tax Refunds. In this example the refund amount is $1,300. | $64.95 |
| RAL Prep Fee | $20 |
| TOTAL FEES | $144.95 |
Yes, you can still get a Rapid Tax Refund, but you will not save any money on preparation fees. In order for us to process a Rapid Tax Refund for you, we have to re-prepare your return from scratch. You could fax us your prepared return Toll Free (1-801-761-1120), or you can enter the information from your return on to our web site, but in either case, we have to re-enter all of the data from your return in to our tax preparation software. We then check the return for errors, omissions, accuracy and appropriateness. Often, we find that returns prepared by someone else differ, once we have re-prepared them. Taxes1.com will only process a return that has been prepared by Taxes1.com. This is for your protection, and ours.
Detailed information about Rapid Tax Refunds or Refund Anticipation Loans (RAL) can be found here.
Taxes1.com automatically calculates earned income credit for all clients who qualify.
If your refund is less than $200 without the earned income credit, you are not qualified for a RAL. However, you are qualified for Bank One's Bonu$ Product. Click here for ERC information:
The maximum RAL is $5,000 less all applicable fees.
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With Taxes1.com, you can e-file your return as late as April 30th! We can process Bonu$ Direct Applications until October 14 2004!.
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You can visit the IRS website at https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp . You will need to know the Primary SSN, Filing Status, and amount of total Federal Refund.
Rapid Tax Refunds, also known as “Refund Anticipation Loans” (RAL’s):
If you qualified for Direct Deposit, you should receive your refund within two “Business” days of the time we notified you that your refund was Approved. Weekends and holidays will add extra time.
If you are receiving a Check, your check is printed on the day we notify you that your refund was approved, and it is then put in the regular US Postal mail delivery service. We are located in Michigan, so it could take up to a week to receive your check by regular US Postal service.
bed and breakfast Arendal What if I am getting a “Split” refund? Where is my second check?
Your first deposit (If you qualified for Direct-Deposit) should arrive within two “Business” days of the time we notified you that your refund was approved. Weekends and holidays will add extra time.
Your second installment will come in the form of a check and will be mailed to you about two-weeks after you receive your first installment.
What about my State Refund?
All State refunds average about two-weeks after your approval notification.
When will I get my Direct Deposit?
The bank that processes your Rapid Tax Refund is Bank One. You can check on the status of your loan at http://www.bankonetrp.com/tp/render_ns?item=taxpayerLogin.htm or you can call the IRS number: 1-800-829-4477.
Direct Deposits are usually made within 2 days of your approval notice. You will need to verify your direct deposit with your bank.
Taxes1.com cannot do that for you. If more than 3 days have passed since our approval notice, please email our office and we will investigate your refund further.
The taxpayer may call the IRS toll free number at 1-800-829-1040. If they can provide certain information to the Customer Service Representative (such as their name, SSN and current address), they may receive the Adjusted Gross Income and Total Tax amounts over the phone or they may request a free transcript. Allow 7 to 10 days to receive the transcript.
No. The IRS requires Taxes1.com to maintain a copy of all W2’s used in preparing a tax return.
Taxes1.com, Inc. will maintain your personal information in a secure electronic format for 3 years. Our customer information will never be released to anyone or any company without the express written consent of the customer.
Taxes1.com may contact customers who have registered as a customer with Taxes1.com on occasion, to inform them of items such as price changes, discounts, new IRS rules that may affect their refund, and other tax-related or Taxes1.com website-related issues. Taxes1.com will never contact its clients in an effort to solicit business or attempt to send a Taxes1.com customer to any other company for any reason.
Taxes1.com will never give out any of its clients email addresses or any other information unless required by law, or unless we have been given written permission by our customer. Taxes1.com will forward all required tax filing information to the IRS. For customers electing a Refund Anticipation Loan, required information will be forwarded to the Bank that facilitates the Refund Anticipation Loan. The Bank will not release any of your information for promotional purposes and will treat your information as confidential.
Generally, you must be a homeowner reporting mortgage interest and property tax expenses. For more details, click here .
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