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Business Bureau Warns of Excess Tax Fees

Make sure you read the fine print and know what your obligations will be.

taxes

Photo: WFIU Stock Image

Many "instant refund" companies are really short term loan offices.

Business Bureau of Indiana president Bill Thomas says no matter who your tax preparer is, make sure you read the fine print and know what your obligations will be. Thomas says establishments that market themselves as “instant refund” services are actually loan centers that come with fees and other expenses.

Thomas says if a mistake is made or something happens and the IRS determines your refund is less than what you received, you are still responsible for the balance of the loan. Thomas says the “instant refund” services are okay if you know what the expectations are up front.

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