RAL

(redirected from Refund anticipation loan)
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AcronymDefinition
RALRefund Anticipation Loan
RALRiverside Municipal Airport (Riverside, CA)
RALRutherford Appleton Laboratory
RALRadio Receiver (US Navy)
RALRaw Access Log
RALRegistry Access Library
RALRotate Left Arithmetic
RALRedundant Acronym List
RALRevue d'Art et de Littérature (French: Journal of Art and Literature)
RALRelación Adulta de Lactancia (Spanish: Adult Breastfeeding)
RALRiverbank Acoustical Laboratories (Alion Science and Technology; Geneva, IL)
RALRadio Astronomy Laboratory
RALRegionaal Archief Leiden (Netherlands)
RALRichmond Animal League
RALRestricted Access Location
RALResearch Analytical Laboratory
RALRear Admiral Alexandria (US Navy)
RALReal-Time Action Logic
RALRecommended Allowable Limit
RALRinger Approximated Loading
RALRegistered Asset List
RALRabbi Aharon Lichtenstein (Orthodox Rabbi)
RALRemote Area Landing
RALRecherche sur l'Acquisition des Langues (French: Research on Language Acquisition)
RALRegardless of Altitude
RALRegistry Abstraction Layer
RALRequired Average Life
RALRolling About Laughing
RALRutherford Appleton Library
RALReichsausschuss für Lieferbedingungen und Gütesicherung (German: Commission for Delivery Terms and Quality Assurance) (nowadays: Deutsches Institut für Gütesicherung u. Kennzeichnung e. V)
RALRydex Asset Level (finance)
References in periodicals archive ?
In a program manager technical advice memorandum, the Office of Chief Counsel (OCC) advised on a number of issues regarding returns where a preparer, after issuing the taxpayers refund anticipation loans, increased the amount of the charitable contribution deductions claimed on the returns without the taxpayers' knowledge or consent to increase the refund received from the IRS.
There might be some stores advertising it," he said (to me and anyone who stopped in), "but the reality is that few will actually get a refund anticipation loan.
Refund anticipation loan customers tend to think commercial tax preparation is the only way to go, said Angela Martin, executive director of Economic Fairness Oregon, a Portland-based nonprofit group.
The fee charged to get your money a few days sooner using a refund anticipation loan can be the equivalent of a 250% annual interest rate.
It came as no surprise, then, when Santa Barbara Bank & Trust, a self-described "community bank" in California, announced in January that it was intending to use its $180 million in bailout money to make high-priced refund anticipation loans, known as RALs.
CHICHI Wu & JEAN ANN FOX, ALL DRAIN, NO GAIN: REFUND ANTICIPATION LOANS CONTINUE TO SAP THE HARD-EARNED TAX DOLLARS OF LOW-INCOME AMERICANS: NCLC/CFA 2004 REFUND ANTICIPATION LOAN REPORT (2004), available at http://www.
Most people wanting a Refund Anticipation Loan (RAL) now are able to get the full refund, including the earned income credit, in one check within 24 to 48 hours of filing.
helped with 170 state and federal returns last year, said its president, Donna Beringer, who added, "They did not have to pay to file and are not tempted to use refund anticipation loan places.
In a letter to Congress, the AICPA showed support for the concept of regulating all tax return preparers and refund anticipation loan providers, but also raised some public policy and drafting concerns about the registration proposal which passed the Senate in May.
And Jackson Hewitt Tax Service signed an agreement late last year with Rent-A-Center, so that people can buy used furniture with a refund anticipation loan, she said.
6695-1(f)(2) permits a preparer-bank to process a refund check, provided the institution does not initially endorse the check, unless it has made a refund anticipation loan to the taxpayer.