still waiting?

Question

here's the deal. i went to hr block to efile my taxes and i got approved for the refund anticipation loan and i signed the paperwork before i left that was about a week and a half ago and the irs just keep saying they are processing my taxes and i don't owe anybody so it should be no problem, can somebody tell me what the loan papers were for if i got to wait almost two weeks to get my return and what's the difference between that and the rapid refund check. how do i find out if it was accepted and how long does it take to process a tax return, it was proccessed last thursday on the 18th.

Answer 1

You got had, by H&R. A RAL has nothing to do with the IRS, it's a high-fee, high-interest short term loan than H&R arranges for. You could have just gotten your refund directly deposited by the IRS in about 2 weeks from when your return was actually accepted by them.

I'd go back to the H&R Office and complain loudly. They're charging you for something they aren't providing.

If you'd just had the refund direct deposited, it would have been in your account this Friday if it was accepted 1/18 before 11 am, and the following Friday if it was accepted 1/18 after 11 am.

Answer 2

I agree with Judy. I'm guessing you paid a small fortune for this, and you got nothing out of it, so go back there and complain loudly!

As for the difference between the RAL and the rapid refund, they're both overpriced services in my opinion. If you efile your return, and it's approved on or before any Thursday, the direct deposit should be in the bank the following Friday.

You stated that your return was processed on the 18th, but it probably wasn't accepted that day, so without RR or RAL, you would have had it anyway by Feb. 2nd. If it was accepted on the 18th, then it would be in the bank by Jan. 26. If this is the date that you receive your money, then I would really complain to H&R, because this is standard processing time.

Answer 3

First....you APPLIED for a loan.

The bank doesn't have to give you a loan.

HRBlockheads should have told you this, plus explained any delays. This is why they are ....blockheads...

Second, your tax return MUST be accepted before the bank will consider a loan. If your return is in limbo, you can't get a loan.

Third, you won't get a loan if you have any taxes owed from prior years or you have a federal debt (student loans, child support, etc ) that is in defauly.

Good luck.