New Report: 2019 Tax Season: The Return of the Interest-Bearing Refund Anticipation Loan and Other Perils Faced by Consumers

New Report: Mandy Matlock & Chi Chi Wu, 2019 Tax Season: The Return of the Interest-Bearing Refund Anticipation Loan and Other Perils Faced by Consumers, Nat’l Consumer L. Ctr. (Apr. 2019).

Key findings:

Refund delays are likely exacerbated by the shutdown.  Read more here.

Red flag regarding interest-bearing Refund Anticipation Loans (RALs).  More on RALs.

Private debt collection contractors help the IRS recoup back taxes, but the IRS does not ensure best practices by their contractors, harming the vulnerable.

 

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