Solutions for refund delays

UPDATE

1-25-19 - President Trump announced agreement reached with congressional leaders to reopen the government for 3 weeks.

Ongoing concern about refund delays

Despite the IRS announcement that refunds will be issued during the government shutdown and President Trump's announcement that an agreement may ave been reached to reopen the government for 3-weeks, there is still ongoing concern that the longest government shutdown in U.S. history may begin to compromise the IRS' ability to issue all refunds on time.

“Everybody is concerned. There would have been uncertainty and challenges even without the shutdown – the shutdown is just exacerbating all of that.”

John Koskinen, former IRS Commissioner

Media attention is growing

Hundreds of IRS employees are skipping work. That could delay tax refunds.

Washington Post

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IRS Workers, Called Back To Work, Are Asking To Stay Home Instead, Raising Questions About Tax Season And Refunds

Forbes

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‘Extraordinarily angry and very upset taxpayers’: IRS faces chaotic tax season amid shutdown

Politico

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IRS refund delays could force changes in Treasury bill supply

Accounting Today

Read More

“The fact that not even all recalled IRS employees are showing up at the office emphasizes that the refund delay risk is increasingly likely,”

 Jonathan Cohn, head of interest-rate trading strategy, Credit Suisse

Who may be impacted?

The impact is much broader than just a segment of taxpayers

Tony Reardon, President of the National Treasury Employees Union, warned that IRS employee absences due to financial hardship from the furlough may impact the IRS' ability to issue refunds on time. The waterfall effect means that tax professionals may face more challenges from a larger number of clients facing financial hardship.

Federal Workers

800,000 federal workers have gone 5 weeks without pay

PATH Act

Millions of early filers claiming EITC and/or ACTC will have refunds held until at least Feb. 15.

US taxpayers

The risk that the shutdown may produce refund delays that impact millions of taxpayers.

Tax pros

Delayed refunds & furloughed government workers may impact your ability to get paid.

“This was always going to be a difficult filing season because of the changes in the new law, and all this just makes it worse. You cannot help but be concerned.”

Mark Everson, former IRS Commissioner

Make sure you have cash flow

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Santa Barbara TPG is making sure tax professional partners like you have the cash flow needed for a smooth tax season. With SimplyPAID, tax preparation fees are advanced upon IRS acknowledgment, giving tax pros access to cash flow within days of preparing the tax return. Make sure you have the cash flow you need during tax season.1

Payroll

Advertising

Office space

Utilities

Supplies

How it works

File Return

TPG receives your tax prep fee amount with your client’s Refund Transfer application.

Fee Advanced

When the return is acknowledged we advance 70% of your tax prep fee via direct deposit.2

Repay Advance

Once the program expires TPG collects the advance from your funded fees until it’s repaid.

flyer-in-window

“I would say a majority of employees are calling out under hardship. I’m getting reports whole teams are requesting out. One person told me, ‘I’m the only one on my team here.”

Gary Karibian, local union chapter president

Offer solutions to impacted clients

Most taxpayers can't afford refund delays, and the impact of the government shutdown is amplifying concerns about receiving refunds on time. Whether taxpayers are tight on cash and/or need money right away, you can solve both problems.

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The pay by refund option helps you & your clients

Give clients the option to withhold your tax preparation fees from their refund so they don't have to pay up-front with cash or credit.3

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Help for taxpayers that can't wait for their refund

Offer an alternative to refund delays.4 Clients can receive a refund advance loan of $500 - $6,000 for a cost as low as $20 on approved loans.5

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It doesn't cost anything to sign up

Helping clients when money is tight is a great way to build lasting trust & loyalty. Get setup with TPG before clients inquire.

Not enrolled yet?

Enroll in our Standard Refund Transfer now & opt-in to Fast Cash Advance so you have everything you need.

Already enrolled?

If you haven't opted-in to Fast Cash Advance, do it now so you're ready offer an advance loan to clients that need it.