About Me

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Location: Westland, Michigan, United States

Graduate of Walsh Institute Of Accountancy (Now Walsh College) Michigan in 1959. Retired in 1987, but still active in the profession **World War II Veteran (Pacific) **PHONE 734-261-1979 **E-MAIL -cpabakem01@yahoo.com **(Domain Name CPASENSE Registered) **Mentioned in the Journal of Accountancy, SmartPros, Tax Prof Blog, CPA2BIZ, CPA Journal, AccountingWEB, CPATrendlines & More **Search Accounting Blogs: http://www.blognetnews.com/accounting (Includes cpasense)**TOPICS - FINANCE - FEDERAL & MICHIGAN TAXES ** Making Sense Of Your Finance & Taxes

Saturday, February 12, 2005

RALs, And Why They Are Bad !

RALs (Refund Anticipation Loans). These are available from tax preparers and allow you to get your refund "instantly." There's only one problem with the loans: interest rates that can reach 700%. They're a good deal for everyone but the recipient
this article in the Sacramento Business Journal.

posted by Milt Baker CPA | 7:55 AM

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