A GAO report noted that many used car dealers will do your taxes (and apply your refund as a down payment to the purchase of a car) and there's a shoe store that will give you a free pair of shoes with every tax return they prepare. Pawn shops are also big on tax preparation.
And this morning, I encountered new heights in the full service/one-stop shopping concept.
Here are excerpts from an exchange on a discussion forum for users of professional tax software:
Tax Pro 1: Where are you sending your customers with large refund checks to have them cashed? ....
Tax Pro 2: We do it ourselves charge 2%. ...
Tax Pro 3: I didn't know that an Income Tax Preparation Firm was allowed to cash client's checks.
Tax Pro 4: We have a check cashing license. We are also a liquor store.
I was heartened by the reply of Tax Pro 5:
ReplyDelete"I encourage my customers to open a bank account at the local bank next door."
Just in case you didn't know, (but you probably do), Walmart will cash refund checks up to $5,000 for $6. ($1,000 check is only $3) This is really helpful for clients who don't have the ability to open a bank account due to past problems. Before Walmart offered this it could really be a problem for some or our VITA clients who had EIC coming to them. It is still a problem when the refund is higher than $5,000. I have also advised clients to find a friend or relative that has an account to either co-sign or deposit the money and wait for it to clear. It seems to me that in the long run the IRS should offer some sort of pre-paid card to cut down on the loan sharking.
ReplyDeleteOne year we did have a credit union set up a table at our tax site and they would work with people to get them into a bank account. I thought that was great and it seemed to work out well.
UhlenbrockCPA provides corporate tax preparation in san antonio.We have the best Tax Professionals in San Antonio Call Us Now @ (210) 701-1040 to book an appointment with best CPA firms in san antonio
ReplyDeletelouis vuitton outlet stores
ReplyDeleteadidas originals
oakley vault
mont blanc pens
burberry outlet online
louis vuitton handbags
asics running shoes
cheap nfl jerseys
nike uk
kate spade
basketball shoes
polo ralph lauren
coach outlet online
gucci handbags
mont blanc pens
michael kors outlet
louis vuitton outlet
polo ralph lauren outlet
oakley sunglasses
coach factory outlet
adidas stan smith
toms shoes
nike outlet
toms
adidas uk
louis vuitton
polo ralph shirts
beats headphones
michael kors outlet online
coach outlet online
instyler curling iron
jordan shoes
michael kors outlet
michael kors outlet
canada goose
jordan 4 toro
michael kors outlet
nike roshe flyknit
fake watches
20164.29wengdongdong