NEW! VIRTUAL TAX PREP
Meet with our tax pro's via video chat and file your taxes from the comfort of your own home!
 
Book Appointment Now
Tax App Download - Apple
tax-app-download-google-play
Need to File an Amended Return?

Tax Tips & News: lower-income taxpayers

Jackson Hewitt Loses RAL Funding

4 minutes read

Jaskson Hewitt–the 2nd largest tax preparation business behind H&R Block–has lost over 50% of their Refund Anticipation Loan (RAL) funding for the 2010 tax season.  Due to regulatory crackdowns, the bank that funded Jackson Hewitt’s RAL program–Pacific Capital Bankcorp Inc.–was blocked by the Office of the Comptroller, and ordered to leave the RAL business.

“It’s potentially disastrous for Jackson Hewitt,” said Vishnu Lekraj, an analyst at Morningstar Inc. “If they lose the ability to provide...

Read More