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Category: Banks / Check Printing

Tax Related Bank Products Overview

Tax related bank products can be offered to your clients to assist them in paying for their tax preparation fees.  When using tax related bank products, your client will pay no upfront fees for the preparation of their tax return.  The tax preparation fees that you charge will automatically be deducted from the taxpayer's income tax refund and deposited into the checking or savings account of your choice.  The remaining balance will be distributed to the taxpayer by direct deposit, prepaid/debit card or check. Each bank offers different products, so you should check with your bank to determine what is available to your clients.

While tax related bank products are a convenient option for many taxpayers, there are additional fees associated with each bank product.  The additional fees vary depending on which bank you choose.  When you mark a tax return for electronic filing, you will be prompted to select the E-file type from a list displayed on the screen. Any additional fees associated with the E-file type will be displayed next to the name of the tax related bank product. The additional fees are charged by the bank and software for each specific type of bank product.

NOTE: If there are no additional fees listed next to the E-file type, this is not a bank product.  You will need to collect your preparation fees up front from the client.

Getting Ready to Offer Bank Products
Getting your office set up to offer tax related bank products as early as possible is strongly encouraged to help avoid unnecessary delays at the beginning of tax season.  Select the links below to show/hide additional information.  Then, follow these steps to ensure you are ready to offer tax related bank products to your clients.

Select the links below to show/hide additional information:

 Become an Authorized e-file Provider
 Enroll With One Of TaxSlayer Pro's Tax Related Product Bank Partners
 Bank Application Reject
 Update Your TaxSlayer Pro My Account
 Configure Your TaxSlayer Pro Software to Offer Bank Products
 Changing To A Different Bank

If you require assistance with any of the above steps to get your office ready to offer bank products, please call TaxSlayer Pro Technical Support.


Last Updated: 11/1/2017