What is bank products for tax professionals?

What is a bank product? A bank product, or refund transfer, is a solution that tax preparers can offer to their clients. Bank products allow your clients to deduct your tax preparation fees directly from their refund. Sometimes clients do not have the money to pay your fees up front.

Who does TaxAct bank with?

Republic Bank & Trust Company
TaxAct partners with Republic Bank & Trust Company (member FDIC) to allow TaxAct program fees to be deducted from your tax refund. When you choose to have your TaxAct fees paid from your tax refund in the filing steps, you must accept the Refund Transfer Application and Agreement.

Does Drake offer bank products?

Bank products are an additional payment option that can be configured within Drake Tax.

What is the best professional tax preparation software?

What options are included in the product?

  • What add-ons does the product include?
  • Is there an additional fee for state tax filing?
  • What options are available for customer service?
  • Does the product provide business tax deduction tools to help deduct missing expenses?

    • What is the best online tax program?

    Best overall tax software: TurboTax

  • Runner-up: H&R Block
  • Best free tax software: Credit Karma Tax
  • Best affordable tax software: TaxSlayer
  • Best for accuracy guarantee: TaxAct

    • Is software purchases taxable?

    states, including California, have applied sales tax to software based on the form in which it is sold and delivered to consumers. In general, the taxability of software depends on its classification as either “canned” (i.e., prewritten programs) or custom

    Is TaxSlayer safe to use?

    Yes, TaxSlayer is a legitimate company. It has helped millions of people accurately file their state and federal tax returns. TaxSlayer guarantees 100% accuracy, no out-of-pocket expenses and…