2007-12-27 15:36:32 · 3 answers · asked by hardknocklife 2 in Business & Finance ➔ Taxes ➔ United States
Jackson Hewitt is unable to offer a loan without a W2 this year. The bank that was doing that for them has chosen not to do so this year. H&R Block is offering a line of credit that can be used year-round, and in some cases you do not need your W2 to qualify. If you are a former JH client, you might want to check out the Emerald Advance - if you don't qualify now, you can qualify as soon as you get your W2's and meet a couple of other simple qualifications. If you don't want to do it, you can simply go back to JH and file your return with the tax professional you're used to dealing with.
JH, like everyone else, will be able to electronically file returns with W2's starting on Jan 11 (at least, this is the current projection from the IRS). As far as I know, they will still be offering the regular loans that you are familiar with at that time - just not the ones without the W2.
2007-12-29 23:55:03 · answer #1 · answered by Katie Short, Atheati Princess 6 · 1⤊ 0⤋
The people at Jackson Hewitt will try to hard sell them to you but don't get one under any circumstances. They are designed for suckers. The cost is outrageous. Ethical practitioners won't get involved in them. Just file your return electronically and request the refund be deposited in your bank account and you will get it in a few weeks.
2007-12-28 00:56:34 · answer #2 · answered by Anonymous · 0⤊ 1⤋
No. E-Filed returns are not accepted until about Jan 11th. You can't get one of those rip-off loans until you actually file the return. And if your return includes one of the forms affected by the patch to the AMT, you can't file until Feb 11th according to the latest word from the IRS.
2007-12-28 23:56:38 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋