1. The Effects of a Certified Tax Preparer verses a Non-Certified Tax Preparer For: Mrs. Owens, ENG 1105 Instructor From: Angela Miller, Student

9. The types of refund options that H & R Block offers are (H & R Block.com): H&R Block Emerald Prepaid MasterCard ®2 — Load your refund, refund anticipation check or refund anticipation loan on the H&R Block Emerald Card so you can make purchases anywhere MasterCard ® debit cards are accepted. IRS Direct Deposit or Check- When you mail your return to the IRS, you'll generally receive your mailed refund check within 6 to 8 weeks. If you e-file your return, you should receive your refund check within 3 weeks. E-file your return and the IRS will deposit your refund in your bank account within 8 to 15 days. If you mail in your return, direct deposit generally takes 5 to 7 weeks. When you choose direct deposit, you also have the option to split your refund among 2 or 3 different financial accounts, such as a savings account or an IRA, held by up to 3 financial institutions. Refund Anticipation Check (RAC) - Pay for your tax preparation fees out of your federal RAC proceeds and pay no out-of-pocket expenses at the time of your tax preparation appointment. Plus, you can get the remaining balance of your federal RAC on an H&R Block Emerald Prepaid MasterCard ® , as a check or direct deposit in approximately 8 to 15 days. Federal RACs are available starting Jan. 16, 2009. Special note: You may bring your W-2s into an office beginning Jan. 2, 2009. H&R Block will submit your RAC application to the RAC service provider for review when the IRS begins to accept e-filed returns. Classic RAL - File your taxes at H&R Block and apply for a Classic RAL. If approved, you could receive a loan up to the amount of your anticipated tax refund, less bank and H&R Block fees. Your loan proceeds will be available within 2 days of filing your return. Plus, your H&R Block tax preparation fees are withheld from your loan proceeds, so you pay nothing out of pocket. Get a lower price on your Classic RAL when you load the loan proceeds on an H&R Block Emerald Prepaid MasterCard ® instead of receiving a loan check. Get the safety and convenience of an H&R Block Emerald Card and use it anywhere MasterCard ® debit cards are accepted. Instant Money RAL -File your taxes at H&R Block and apply for an Instant Money RAL. You could receive a loan up to $2,800 (less bank and H&R Block fees) on the spot. Get a lower price on your Instant Money RAL when you load the loan proceeds on an H&R Block Emerald Prepaid MasterCard ® instead of receiving a check. You'll enjoy the safety and convenience of a card to use anywhere MasterCard ® debit cards are accepted. Get your H&R Block Emerald Prepaid MasterCard ® or your loan check the same day your loan is approved.

10. All of those options are examples of what is available for someone who is certified. If someone is not certified then they may not be able or equipped to offer these services. The only way a Non-Certified Tax Preparer can receive a refund is by E-FILE with the IRS and wait until at least one full week to receive the payment. They could even wait on the mail which could take up to 4-8 weeks depending on that particular tax return.

12. This should help clear up the misunderstandings about being a Certified Tax Preparer verses Non-Certified Tax Preparer. You should now see how it may be beneficial to you to seek services from someone who is skilled and knowledgeable about tax laws. They should also be Certified and you should stop doing your own taxes because of the risks, loss of credits you are entitled to, trouble with IRS auditors, and not knowing what to itemize.

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