When used this way, the Rapid Refund claim is a rapid rip-off. The ads referred to in the current charges were displayed on New York City buses. All are clear violations of the City's Consumer Protection Law. These undercover inspections uncovered similar violations of the law. Consumers can receive a prompt refund without paying exorbitant interest rates via electronic filing of a tax return through a tax preparer, or through certain IRS offices.
Electronic filing accelerates the processing of a consumer's tax return.
Electronic filing also speeds up the issuance of a refund check directly to the consumer within two or three weeks from the date of filing. Using this method, consumers are not subject to the high interest charges associated with refund anticipated loans. There are legitimate methods to speed up the amount of time it takes to get a tax refund. Commissioner Hoffman offered the following tips to block unscrupulous tax preparers from taking your money. Tax preparers who are not licensed accountants or lawyers must reveal this fact.