Getting Fast Cash?

Income tax season is upon us now and a lot of the tax preparation businesses are offering "get cash now" services. Basically what it involves is you being able to get your tax refund now instead of waiting for it to come from the IRS. However you should be aware that you will pay a high price for doing this. In order to provide you with the cash right away the business charges fees and these are high fees. It has been reported that people take this "payday"- type loans and when they can't pay it back they take out another loan and so the cycle continues. Not everything is black and white and in some instances there may be the necessity to take out these kinds of loans but you should try to avoid doing this as much as you can.

It is a sad thing to say since I used to work for one of these big income tax preparation businesses (but this was well before the onslaught of being able to get your income tax refund before the IRS mailed it to you) but the fact of the matter is that they can charge you a big fee in return for providing you with "fast" cash.

You should check and see if you can get some free or low-cost tax preparation help. I know that the IRS itself provides help because I have used it in the past (heck I even used to work for them!). They have a phone number and a web site and you can find that out by looking in your local phonebook. You should also see if your area provides some income tax preparation help as well. Many communities offer these kinds of services at a low or free cost. If you make under a certain amount of money you can get help with your taxes free! The same thing applies to seniors who need help with their income tax preparation.

So although you may want to get your tax refund back as soon as possible try to find a low or free cost way to do it.