Can any accountant rapid refund my taxes last year i had it done by a company who didnt require there help be accountants taxes were messed.. This year id like to use a CPA but I am not sure if they offer rapid refunds
2007-01-19 05:43:45 · 9 answers · asked by NLC 1 in Business & Finance ➔ Taxes ➔ United States
Rapid refunds come at a price the fastest way for you to get your refund without paying extra for it is to e-file and have it deirect deposited into your checking account. It only takes a few weeks that way.
2007-01-19 05:47:43 · answer #1 · answered by halfway 4 · 1⤊ 0⤋
When you get rapid refund basically you are getting a loan against your anticipated refund. The interest rate is usually pretty high and you will lop off a couple of hundred dollars off your refund that way. Like the others suggested, e-file is probably the fastest and least expensive. You will usually get your refund within 10 days after they accept your tax submission. If you don't really have alot of deductions or you are not going to use a long form, you might look into just doing Turbo tax or other tax software. You will save a ton in accountant fees.
2007-01-19 06:00:02 · answer #2 · answered by Spirish_1 5 · 0⤊ 0⤋
Depends. I paid $161 to do my federal form w/one schedule for the education credit. I paid that much yesterday, and I live in Florida. Depending on which refund option you choose, you can have their fees with held out of your anticipated loan check. So, if you were supposed to get back $1000, you'd get back $1000 minus their $161 fee and then minus the bank fee. Again, depending on how rapid you want the refund (same day, 2-3 day or 8-10 days) the bank fees range from around $25 up to about $120.
2016-05-23 21:57:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I began getting mine in January, 2006 on my first paycheck! I figured out what I should be paying in taxes for the year 2006, divided by the number of pay periods in the year, filed a new W-4 with my employer so that the withholding equaled my estimated taxes. This put another $45 dollars in each paycheck.
Rather than spend this I stepped up my contribution to my 401(k) plan. My employer matched this at a rate of 50 cents for each dollar I contributed. So rather than blow some tax refund each April on something I don't really need I ended up lowering my taxes (401(k) contributions are not taxed) and significantly increased my savings.
I think I'm finally on my way to getting financially smart!
2007-01-19 08:37:41 · answer #4 · answered by Flyboy 6 · 1⤊ 0⤋
If they efile your return and you have your refund direct deposited, you'll get it in a couple weeks or less.
The "rapid refund" offered by some chain preparers is really a very expensive, short term loan. The loans are actually given by a bank or finance company, not the tax preparer. Most accountants do not offer this - they're not into payday-loan type arrangements.
2007-01-19 05:52:16 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
Yes anyone can rapid refund it only means filing over the internet.
2007-01-19 05:47:25 · answer #6 · answered by CctbOh 5 · 0⤊ 0⤋
hi
well u can choose taxexact.com it pay u fast and they pay cpa to review your return.
2007-01-19 23:25:05 · answer #7 · answered by rohin r 1 · 0⤊ 0⤋
I agree with halfway.
2007-01-19 05:51:00 · answer #8 · answered by Anonymous · 0⤊ 0⤋
yes they can..but becareful..thattheir prices are low..some charge higher prices...hope this helped.
2007-01-19 05:48:19 · answer #9 · answered by zzevilonezz 2 · 0⤊ 0⤋