Participants will receive debt indicators only for clients who have a refund-related loan or check arrangement. Financial institutions use the indicator in deciding whether to make a loan that will be secured by the expected tax refund. We welcome all IRS e-file providers to take part in enhancing both our fraud detection and customer service efforts, said Robert E. Barr, IRS Assistant Commissioner for Electronic Tax Administration. The IRS will conduct the test during 2000, with an option to continue it during 2001. The IRS will post participants names on its Web site as agreements are signed.
Providers typically partner with one another to develop a program offer.
Tax return preparers may be covered under the agreements made by their transmitters, software developers, or financial institutions. They will not each have to sign an agreement with the IRS, but must abide by the terms of the agreement under which they are covered.