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November 28, 2012

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Comments

Becky

Unless the fine print has changed, the Holiday Loans made from a W-2 is simply a loan, not an obligation to return to the creditor to let them prepare ones taxes (and charge outrageous fees). They want you to think that the loan is tied to your refund but the paperwork signed only obligates the debtor to repay the creditor. It cannot require your tax refund/tax preparation.

The loan is due and the interest rate is likely as high as the credit card debt you may be paying off, but it's only relationship to your refund is your credit worthiness.

Bruno

That's really amazing otherwise i don't look content like this but this one drawn me.

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    A reader should seek advice from an independent tax adviser with respect to the information on this blog based on the reader’s particular circumstances. This advice is intended to be general information and cannot be used for the purpose of avoiding penalties that may be imposed by the IRS regarding the transaction or matters discussed here.
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