Friday, May 17 2013 7:16 PM EDT2013-05-17 23:16:53 GMT
One person has died in a crash near Harrisonville, MO, Thursday evening. The crash happened on Missouri Highway 7 and Walker Road. It involved a car and a tractor-trailer. Harrisonville is in Cass County.More >>
Savannah Nash celebrated her 16th birthday last week. She died Thursday when her car slammed into a semi while she was texting during her first time driving by herself.More >>
Saturday, May 18 2013 11:19 PM EDT2013-05-19 03:19:44 GMT
The Charlotte Bobcats are in the process of changing their name to "Hornets," a source with knowledge of the situation told CBSSports.com's Will Brinson, including arranging digital assets that wouldMore >>
The Charlotte Bobcats are in the process of changing their name to "Hornets," a source with knowledge of the situation told CBSSports.com's Will Brinson, including arranging digital assets that would allow a return to their original nickname.More >>
Sunday, May 19 2013 7:59 AM EDT2013-05-19 11:59:01 GMT
Health officials are worried cases from a salmonella outbreak traced to a Fayetteville hotel may have spread nationwide. Officials say that 51 people who ate at the Holiday Inn Bordeaux's banquet facilitiesMore >>
Health officials are worried cases from a salmonella outbreak traced to a Fayetteville hotel may have spread nationwide.More >>
Many tax preparation services offer refund anticipation checks or "assisted refunds," but are they worth the extra fees?
Justin McCoy is a Charlotte resident who says he considered getting an assisted refund in order to get his money faster.
"I've got bills to pay," said McCoy. "I'm unemployed, so I definitely need the money."
This year, the IRS is running behind. Tax filing started later, which means taxpayers like McCoy have to wait longer to get their refunds.
"Basically that caused a lot of problems for a lot of people, because they were expecting those funds to pay the bills," said Najam Usmani, a Jackson Hewitt franchise president in Charlotte.
Given the delay, promises of quick cash can be very appealing.
"Oh yes. Most definitely. Because it'd be a way for me to get my money faster," said McCoy.
Jackson Hewitt, H&R Block, and many other companies offer refund anticipation checks or assisted refunds. In some cases, they can help you get your refund before the IRS processes your return, but not always.
"Instant" refunds have been outlawed; it now takes one to three weeks to get an assisted refund. That could be slower than the IRS.
Then there are the fees. Reputable companies charge about $25 to $55 for the service.
"That basically is a convenience fee that the bank will charge for extending that money to you," said Usmani.
Lesser known tax preparation companies may charge even more. That's something McCoy learned the hard way.
"It happened to me two years ago."
He had to pay a hefty fee, and the company made a mistake on his return, which cost him even more.
"Always go with a name you can trust. Not just a name that came out of the blue and started a tax place. Because they can mess you up real bad," said McCoy.
Check with the Better Business Bureau to find a reputable tax company.