How do I Calculate/Explain the Fees?
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It is time to Calculate your Fee.
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If you have received an error "Refund Options - Form invalid with Advance - Form 1310, 8862, 4684, 8379, 4852 ,8863
Your Client is NOT ELIGIBLE to APPLY for the Cash Advance.
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Know your worth!
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Use the Fee Scheduled Provided to You, or the Flat Rate charged.
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Remember you training of Pricing Effectively and with Confidence!
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When you get to the fees page, DON'T ASK the client this yet, but simply select the "RT Direct Deposit" from the drop down menu.
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Check the box for "Does the taxpayer want a State RAC for this return."
This means the State Refund will be funded the same as the Federal Refund.
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Always select E-File from the drop down for BOTH the federal & state.
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Where it says "Office Adjustment," put in a minus sign (-)/or addition (+) and the amount you want to deduct/add to amount shown to set your desired fee.
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EXAMPLE:
If the tax prep fee comes up as $1,000 & you want your fees to be $750 then you would input
minus (-) $250.
The client will only see the $750 figure on their fee schedule they will sign at the end.
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Audit Defense is listed as "Document Fee"
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Audit Defense Protection is required for all Schedule C taxpayers and EIC (Earned Income Credit).
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To deduct the Audit Defense (for those whom it is not required, and they do not wish to have this protection):
In the blank space type "Audit Defense" and for the amount enter the minus sign (-) and the amount listed for Document fee.
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Adding LegalShield:
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In the blank space type "LegalShield" and for the amount enter the addition sign (+) and the amount for the plan selected + $10 processing fee.
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If annual, multiply the monthly amount by 12, and add the $10 processing fee.
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If monthly, it is suggested they member pay 3 months in advance.
Multiply the monthly by 3, and add the $10 processing fee.
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IMPORTANT:
Have the client fill out the LegalShield forms provided.
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Tell the Client their REFUND amount deposited into their account:
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"Your refund in, after fees, enter your account is $____, how would you like your money? You can also opt to pay out-of-pocket if you'd like."
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SEE "DISBURSEMENT FLOWCHART"
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