2007-09-20 04:02:07 · 6 answers · asked by BBBB 1 in Business & Finance ➔ Taxes ➔ United States
Are you asking for 2006 taxes that you haven't filed? Or are you asking for 2007? If it's for 2007, you can't get a loan from H&R Block since they'd have no idea yet what your 2007 taxes will look like.
2007-09-20 04:36:31 · answer #1 · answered by Anonymous · 3⤊ 0⤋
I have used that service and was told they cannot offer them any sooner than November 1st because they keep all the loans within 8 weeks from the end of the year at the banks request....they estimate your income from the amount you have printed on you paystub at the time of the loan and calculate what your regular pay would be from November to December 31st.....That is how they guess at the refund amount and end of year wages...if they take in offers in September and October it creates a greater risk to the bank as there is more room for financial circumstances to change before the end of the year and the bank could lose money if people get too much then lose there job and cannot pay the loans back....
The word directly from H&R Block is that the program is not being used for the 2007 tax year anyway though : )
2007-09-22 15:38:27 · answer #2 · answered by Anonymous · 1⤊ 0⤋
I am not sure but I don't even think H&R Block will offer them this year. Even offer the Next Day Loan when you have your taxes done. The IRS has turned off the debt indicator so they will not know if a refund is held for back taxes, child support, student loans etc. The bank I work with has dropped that offer and I have not been able to find a bank that will still offer this for this coming tax season. Block does have it's own bank so they might still, I just don't know though.
2016-05-19 02:12:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Last year it started in November.
This year it may not happen at all. HSBC (the bank that offered the loans) has discontinued the product. As of now, there will be no early loans at Block or Jackson-Hewitt.
2007-09-20 04:11:30 · answer #4 · answered by Wayne Z 7 · 3⤊ 0⤋
Don't do this! The interests rates are insane and if you have any outstanding credit (i.e. overdue creditcard, etc) that is owned by one of the banks that this loan is processed through, they will keep your income tax refund to satisfy your debt, then you will owe the early tax loan, at a very high interest rate!!!!
THIS IS PREDATORY LENDING--don't fall for it.
2007-09-20 04:19:11 · answer #5 · answered by AFM 2 · 2⤊ 0⤋
Block is still offering those expensive "products", but I didn't see anything that said you could do it in September. How could you do that?
I worked for them a couple of years ago, and we didn't offer any refunds at the office I worked until January. We could do it on your last pay stub.
2007-09-22 10:53:29 · answer #6 · answered by Let me steer you 7 · 0⤊ 0⤋