Make sure you don't fall for scams that
can COST you money.
Tax Season Tips
As tax-filing season begins, I will be
providing some tax Sanity And Money Saving (SAMS) tips. The first
and most important tip is make sure you say NO to “Rapid” filing.
With upgrades in electronic filing, there's no reason to pay a fee to
get YOUR money back fast. The IRS processes all payments at the same
time and generally refunds are available in 10-14 days. Filing
“Rapid” is actually a loan you are getting from the tax preparer.
Your “loan” amount is based on your estimated refund amount.
Because this is a loan from a private company, your refund amount is
not guaranteed by the IRS. If, after reviewing your tax information,
the IRS determines a different refund amount, you are still liable
for repaying the “Rapid” refund fee.
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