Regulating the Paid Preparer Industry

Free File Free of RALs [posted 1/12/07]

The Congress and community and consumer advocates welcomed the IRS announcement that the 'Free File' program will no longer allow the sale of low-risk Refund Anticipation Loans and other expensive ancillary products. (Dec. 6 2006). See press release

H & R Block settles $39 million RAL suit in Illinois [posted 5/3/06]

The tax preparation giant has agreed to settle a class-action lawsuit on refund anticipation loans (RALs) in Illinois. However, despite this outcome and the mounting pressure from consumer advocacy groups and others concerned about RALs, H&R Block does not plan to stop offering these high-interest loans. (April 21, 2006)

GAO releases study showing serious errors by paid preparers [posted 4/6/06]

Click here for the study released April 4 and here for highlights of findings.

 

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