tag:blogger.com,1999:blog-6318055043707993918.post3668393085646906479..comments2024-02-20T02:12:18.090-05:00Comments on THE WANDERING TAX PRO: CAN SOMEONE EXPLAIN IT TO ME?Robert D Flachhttp://www.blogger.com/profile/06034127763662917220noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6318055043707993918.post-57226194329503874672011-01-28T09:35:12.124-05:002011-01-28T09:35:12.124-05:00Robert, this is an excellent question for my Eco 3...Robert, this is an excellent question for my Eco 391 students to consider.<br /><br />I answer it here:<br /><br />http://bedbuffalos.blogspot.com/2011/01/explaining-refund-anticipation-check.htmlMary O'Keeffehttps://www.blogger.com/profile/14662977706706048151noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-47557170486882270942011-01-28T09:04:51.115-05:002011-01-28T09:04:51.115-05:00Robert,
Having owned 5 H&R Block franchises f...Robert,<br /><br />Having owned 5 H&R Block franchises for 13 years, I offer this insight:<br /><br />(1) For the so-called "un-banked", I had arrangements with local banks to cash these checks, for a fee to the bank.<br /><br />(2) Many taxpayers liked the concept of the fee being withheld from the refund, which this product offered.John C. Sheeley, EAhttps://www.blogger.com/profile/06085702702836588553noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-14041281008428767122011-01-28T08:31:38.804-05:002011-01-28T08:31:38.804-05:00It may be the market that they are dealing with. ...It may be the market that they are dealing with. Not everybody has an account to direct deposit to. After the refund anticipation check comes in, they will bring it to a check cashing service and give up another couple of hundred basis points or whatever it is that they charge. <br /><br />Just guessing.Peter Reillyhttps://www.blogger.com/profile/01473701483727808782noreply@blogger.com