Income Tax Preparation - Online Income Tax Filing and Income Tax Return Service for Federal & State Taxes.

Refund Anticipation Loan (RAL)

The IRS e-file, that is rapidly replacing the standard paper filing, is an electronic method used for filing your tax return, and allowing you to receive your refund in about 10-14 days. Much faster than the six weeks it used to take. There are usually no excess fees attached to this type of filing, and returns may be filed for free through many local, public access facilities.

A Tax Refund is a refund on taxes when the tax liability is less than the taxes paid. The refund anticipation loan, however, is a little different. A Refund Anticipation Loan (RAL) is a short-term loan secured by a taxpayer’s expected tax refund, and designed to offer customers quicker access to funds than waiting for their Tax Refund.

Taxpayers often apply for a Refund Anticipation Loan through a professional Online Tax Preparation service, where a fee typically charged for the preparation of the Online Tax Return. By E-Fling your Income Tax Return Online with free IRS e-file, you will receive your IRS Tax Refund faster in just 2 to 3 weeks. Refund anticipation loans are a common means to receive a tax refund early, in as little as 2 days, but for that you need to pay a little amount of interest. These must be administered by a tax professional through an established alliance with a financial and lending institution. There are several excellent choices available, and many qualified tax professionals to complete your tax return, you will however be required to pay a loan fee or a small interest fee for the opportunity to obtain an anticipation loan. There are several restrictions placed on receiving a refund anticipation loan, and some of the restrictions may affect many people.