James Callis, Miles Doleac, Christiane Seidel Runtime: 2 hours, 8 minutes Available to watch on supported devices.
When you take out a refund anticipation loan, you are borrowing money against your tax refund. If your tax refund is less than expected, you will still owe the entire amount of the loan.If your refund is delayed, you may have to pay additional costs.YOU CAN GET YOUR REFUND IN 8 TO 15 DAYS WITHOUT PAYING ANY EXTRA FEES AND TAKING OUT A LOAN.OTICE CONCERNING TAX REFUND ANTICIPATION LOANS. When you take out a refund anticipation loan, you are borrowing money against your tax refund. If your tax refund is less than expected, you will still owe the entire amount of the loan. If your refund is delayed, you may have to pay additional costs.
Interest-free loans and the IRS. The IRS, if it learns about your interest-free loan, can impute interest on the loan. That is, it will treat you as though you had earned interest and require you to report it as taxable income. For most personal loans, this won't be a problem.nterest-free loans and the IRS. The IRS, if it learns about your interest-free loan, can impute interest on the loan. That is, it will treat you as though you had earned interest and require you to report it as taxable income. For most personal loans, this won't be a problem.