Tuesday, May 22nd, 2012

IRS does not share information on more debt to repay their loan

August 21, 2010 by  
Filed under Student loans

The Internal Revenue Service has dealt a hard blow to a tax product that has long needed to be knocked out. The IRS announced recently that starting with next year’s tax filing season it will not provide tax preparers and financial institutions with important debt information on taxpayers that allows the companies to arrange or make refund anticipation loans, or RALs.

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