Rochesterhomepage.net
CPA Jamie Block discussed two options for income tax filers hoping to get their refund money early Monday on News 8 at Sunrise. Block, a member of the Rochester Chapter of the New York State Society of CPAs and a certified financial planner with Wealth Design Retirement Services, said the quickest way to receive your income tax refund is to file your return electronically and have the refund directly deposited into your bank account. There are two other options, a refund anticipation loan and a refund anticipation check. For a refund anticipation loan, your tax preparer partners with a bank, which pays the taxpayer their expected refund minus fees and preparation charges. The bank would then receive the refund as payment. These type of loans have significantly decreased since 2002 due to government regulations noted Block.