Refund Transfers (RTs)

How a refund transfer works: temporary bank account, IRS funds the account, fees are deducted, and net refund is disbursed to the taxpayer.

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Complete this compliance checklist before moving to the next lesson.

Taxpayer received written bank-product disclosure BEFORE fees were quoted
Taxpayer signed voluntary opt-in for the Refund Transfer
Tax preparation fee is the same whether or not the RT is selected— IRS Pub 1345 — no conditioning.
Disbursement method (check / card / direct deposit) was chosen by the taxpayer
Copy of signed disclosure retained with the client file