No economic stimulus refund anticipation loans (tax rebate loans) for you!

March 31st, 2008


Creative Commons License photo credit: Photo-Mojo

From the source itself -
link

Q. I chose direct deposit for my 2007 tax refund
but also requested a Refund Anticipation Loan (RAL) from my preparer.
How does that affect my stimulus payment?

A. Taxpayers who use RALs or enter into any other loan
or financial agreement with their tax professional
cannot receive their stimulus payments by Direct Deposit
and instead will get a paper check.

Q. Can my stimulus payment be directly deposited
onto a stored value card or debit card where a
bank product such as a RAL/RAC is not involved?

A. No. [New 4/14/08]

the IRS list of Error Codes for Economic Stimulus Returns


Also, returns with a foreign address or a U.S. Possesions address won’t get ‘em either.
And don’t go adding extraneous paperwork to that Economic Stimulus Tax return either.

0246 Form 1040A - Economic Stimulus Payment with a U.S. Possessions or foreign address can not claim the Stimulus Payment.
0248 Form 1040/1040A Refund Anticipation Loan (RAL) cannot be requested with the Economic Stimulus Payment Return.
0249 Form 1040A - Attachments other than Forms 8901 (Information on Qualifying Children Who Are Not Dependents), Auth Record, Summary Record and Forms W-2 can not be filed with an Economic Stimulus Payment Return.

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One Response to “No economic stimulus refund anticipation loans (tax rebate loans) for you!”

  1. Irs » No economic stimulus refund anticipation loans (tax rebate loans) for you! Says:


    [...] FACTnet : Cult, Cults, Abuse by Religions, Abuse Recovery Discussion & Resources, Peer-Support, … wrote an interesting post today on No economic stimulus refund anticipation loans (tax rebate loans) for you!Here’s a quick excerpt photo credit: Photo-Mojo From the source itself - the IRS list of Error Codes for Economic Stimulus Returns Also, returns with a foreign address or a U.S. Possesions address won’t get ‘em either. And don’t go adding extraneous paperwork to that Economic Stimulus Tax return either. 0246 Form 1040A - Economic Stimulus Payment with a U.S. Possessions or foreign address can not claim the Stimulus Payment. 0248 Form 1040/1040A Refund Anticipation Loan (RAL) cannot be requested w [...]

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