H&R Block and HSBC have made it official that they will not be funding any RALs this tax season.  The Office of the Comptroller of the Currency denied HSBCs appeals for RAL provision forcing H&R Block to accept the forgone conclusion of a tax season with no RAL products.  Click here for full story: marketwire_HR [...]

Let your legislator know how you feel about them removing the Debt Indicator!  Click Here for methods of  making your voice heard regarding congress’ action to remove the IRS debt indicator, which has changed the landscape of the RAL and tax preparation industry.

Anyone who has not yet reserved their spot in the Friday web conference, be sure to send an email to support@federaldirecttax.com, and we will send you out a registration email.  The conference is tomorrow, Friday Dec 3rd, at 6:30pm Eastern and will be covering customer refund options including review of the availability of a preseason [...]

We will be hosting a web conference for Federal Direct offices to go over operational details of the Tax Cash in 1 Hour Loan program.  If you have already partnered with Federal Direct, you will be receiving an email with details on attending this web conference.  Space is limited, and if necessary, we will schedule [...]

Don’t forget to inform your clients of the ability to receive their refunds deposited onto a prepaid MasterCard this tax season.  There added office information is needed to offer this refund option.  Be sure to go over the details with an account representatives if your office wants to take advantage of this refund option.

Liberty Tax’s bank has released their lending program for the year and they will be limited to checks of $1,500 and the remainder printed in 7-14 days.  The 50% of Jackson Hewitt offices that have any type of 1-2 day refund options will also be subject to this same limit.

Federal Direct has secured a RAL replacement product for the coming tax season.  With the removal of the debt indicator, banks availability of a RAL product has been up in the air ever since August.  Federal Direct is very happy to be able to announce that we have a product for our partners to offer [...]

IRS removes debt indicator from banks and software transmitters.