RAC

(redirected from Refund Anticipation Check)
AcronymDefinition
RACRecovery Audit Contractors (CMS, Medicare program)
RACReligious Action Center
RACRent-A-Center
RACRyukyu Air Commuter (airline; Japan)
RACReal Application Cluster
RACRoyal Automobile Club (UK)
RACRailway Association of Canada
RACRural Assistance Center
RACRoyal Agricultural College (Cirencester, UK)
RACRoman Archaeology Conference
RACRisk Assessment Committee (European Chemicals Agency)
RACRegulatory Affairs Certification (professional distinction)
RACRent-A-Coder (freelancer matching service)
RACRefrigeration and Air Conditioning
RACRecommendation for Award of Credit (education)
RACRecycled Aggregate Concrete (materials)
RACRicoh Americas Corporation
RACRegional Advisory Council (Canada)
RACRecombinant-DNA Advisory Committee
RACRemote Administrator Control (computing)
RACRotaract
RACResearch Advisory Committee
RACRefugee Action Committee (various locations)
RACRemix Artist Collective
RACReception and Care (disaster care)
RACRoyal Automobile Club
RACRemote Access Controller
RACRemote Administrator Console
RACRecording Artists Coalition
RACRemote Agent Control
RACRelative Address Coding
RACRemote Access Cache
RACRandom Access
RACRambus Asic Cell
RACRemote Activation Code
RACRead Ahead Cache
RACRing Access Controller
RACReliability Analysis Metrics Calculation
RACResource Availability Confirmation
RACRemote Access Card
RACRecreation Advisory Council (various locations)
RACRatchet and Clank (gaming)
RACRecent Average Credit (distributive computing)
RACRoyal Armoured Corps
RACRoom Air Conditioner
RACRetirement Annuity Contract (UK)
RACRedmond Athletic Club (Redmond, WA)
RACRemote Access Client (computing)
RACRecreation Activity Center (various locations)
RACRed Army Choir (Russia)
RACReliability Analysis Center
RACResidual Asphalt Content (various locations)
RACRadiation Advisory Committee (Oregon)
RACRubber Association of Canada
RACRoyal Arch Chapter (Freemasonry)
RACResearch Advisory Council
RACRemote Admin Console
RACRifled Air Conditioning (High Point, NC)
RACRisk Assessment Code
RACRegional Activity Center
RACRules Advisory Committee (Oregon)
RACResident Agent in Charge
RACReservation Against Cancellation (Indian railways reservation)
RACRisk Analysis Center (software)
RACRefund Anticipation Check (tax refund)
RACRecreation Aquatic Center (various organizations)
RACRegulatory Affairs Certified
RACRemedial Action Contract
RACRiverside Arts Council (Riverside, CA)
RACResearch across the Curriculum (various schools)
RACRock Against Communism
RACRegional Affairs Committee (various locations)
RACRaleigh Astronomy Club (est. 1978; Releigh, NC)
RACRear Admiral Commanding (US Navy)
RACRegional Assistance Committee (US FEMA)
RACRassemblement Anti Chasse (French animal protection group)
RACRaw Agricultural Commodity
RACRiverine Assault Craft
RACReflexology Association of Canada (Winnipeg, MB, Canada)
RACRun After Catch (football)
RACRoyal Africa Company (UK)
RACRadiation Advisory Committee (EPA)
RACResource Allocation Committee
RACResource Assessment Commission
RACResident Advisory Council (Chamber of Commerce)
RACRepair Action
RACResearch Analysis Corporation
RACRemedial Action Coordinator (US FEMA)
RACRoyal Artist Club (musical mobile blogging forum; Nokia Corporation)
RACRouting Area Code
RACRegional Athletic Complex (Lacey, WA)
RACRemote Access Computer
RACRamadan Awareness Campaign (Australian)
RACRueil Athlétic Club (French sports club)
RACRedmond Arts Commission (Redmond, WA)
RACRapid Action Change
RACRegional Area Coordinator
RACRevue d'Anthropologie des Connaissances (French: Journal of Anthropological Knowledge)
RACRegional Administrative Conference
RACRight Antecubital (IV site)
RACRegulatory Appeals Committee
RACRadio Amateurs of/du Canada
RACRelocation Appraisers and Consultants, Inc.
RACRoyal Air Corps
RACReference Air Concentration
RACRigid Array Carrier (space shuttle)
RACRedmond Air Center (A Forest Service Smokejumper Base in Redmond, Oregon)
RACResident Advocate Committee (Iowa)
RACRegional Asbestos Coordinator
RACResponse Action Coordinator
RACRegistered Addiction Counselor
RACRepublic Aviation Corporation
RACResource Availability Confirm (Cisco)
RACReflective Array Compressor
RACRadio Curve
RACRisk Assessment Council
RACRubble Arch Culvert
RACRhône-Alpes Courses (French transportation company)
RACRadio Astronomy Controller
RACRoad Analysis Control (Caterpillar)
RACRhône-Alpes Création (French equity company)
RACRigid Aluminum Conduit
RACRing Access Controller (Cisco)
RACRemedy Authorized Consultant
RACRehab and Care (FDNY unit)
RACRecuperation and Care Unit (FDNY)
RACResidents against Crime (South Africa)
RACRegional Air Commander
RACRyan Aeronautical Center
RACAir Post Postal Tax (Scott Catalogue prefix; philately)
RACRegimento de Artilharia de Costa
RACReactor Accident Calculation
RACRehabilitation Accreditation Commission
RACRiverside Athletic Club (Willimantic, CT)
RACRadar Azimuth Converter
RACRules of the Air and Traffic Services
RACReno Assistance Center (Nevada, USA)
RACRecent Advances in Constraints
RACRadar Area Correlation
RACReadiness Acceptance Check
RACRelative Angle Change
RACRevenue Anticipation Certificate
RACRegional Agricultural College (Philippines)
RACRefueling Area Commander
RACRubber Allocation Committee (US Navy)
RACRegional Adjudication Center (US immigration)
RACRacine, WI USA - Batten Airport (Airport Code)
RACRelay Access Card (Hekimian)
RACRequest for Authority to Contract
RACRouting and Access Controller (Telcordia)
RACRoyal Air Command
RACRequest Altitude Change
RACReserve Assignment Channel (Sprint)
RACReadiness Assistance Conservation
RACRegional Audit Consultant
RACRequisition Advice Care
RACRosedale Amateur Championships (Kansas City, MO)
RACRepair, Alignment & Calibration
RACRegional Agenda Conference
RACReject Action Code
RACRégime d'Apprentissage en Construction (French: Learning Plan in Contract Construction; Belgium)
RACReykjavik Activity Center (Iceland)
RACReporting Activity Code
References in periodicals archive ?
Meister, unable to offer him a RAL, talked him instead into buying something called a refund anticipation check, or RAC.
This "refund anticipation check" or "refund transfer" is separate from a refund loan, although preparers such as Jackson Hewitt require taxpayers to pay it, too, if they also want a refund anticipation loan.
Many families turn to alternative financial services, such as refund anticipation checks (RACs) and nonbank check-cashers, which can undermine families' financial access and asset-building goals.
Characteristics of Users of Refund Anticipation Loans and Refund Anticipation Checks. Washington, DC: US Department of Treasury.
Who Needs Credit at Tax Time and Why: A Look at Refund Anticipation Loans and Refund Anticipation Checks. Washington, DC: The Urban Institute.
Refund anticipation checks or "refund transfers" involve the use of temporary bank accounts set up by tax preparers to receive the tax refunds due to their clients.
The greatest increase in consumer complaints involved "other financial services," which includes check cashing, credit repair, debt settlement, foreign exchange services, travelers' checks, tax refund anticipation checks and money order providers.
Regulators are looking to increase oversight of preparers amid the rise in ''refund anticipation checks,'' a type of cash advance especially popular among low-income families who receive the Earned Income Tax Credit, the government's $65 billion cash benefit program.
The Consumer Financial Protection Bureau says some consumers have complaints about refund anticipation checks centered on advertising, quality of service or fees.
Refund anticipation checks rose to roughly 21.6 million in 2014, up 17 percent from 2011, according to IRS data provided to The Associated Press.
Recommendation: To further improve refund timeliness and reduce reliance on RALs and refund anticipation checks (RACs), IRS should update and publicly release a report on RAL and RAC use.
(3) In the ANPR, Treasury stated that the proposed rulemaking was prompted by comments made in response to a prior rulemaking, where commentators expressed concern that the potential financial benefit to preparers from RALs, Refund Anticipation Checks (RACs), audit insurance, or certain other financial products would or could cause preparers to inflate taxpayers' refunds by taking overly aggressive or erroneous return positions.