Beware of Refund Anticipation Loans (RAL)

The Refund Anticipation Loan (RAL) is a popular financial product to get taxpayers immediate cash for their refunds, but it comes at a high cost.

RALs can charge effective rates upwards of 600% to unsuspecting taxpayers. Be careful!

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#IRS #RAL #RefundAnticipationLoans

DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.