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I recently had the opportunity to meet Deb Prior. Deb Prior owns Liberty Tax Service in Manchester CT. I got to interview Deb and she shared some interesting things about Refund Anticipation Loans.

Q: Is there a group of people more likely to apply for a Refund Anticipation Loan?

A: Early filers are the most likely to take a Refund Anticipation Loan, I estimate 90% of early filers will request a loan.

Q: Is it easy to get a Refund Anticipation Loan?

A: Banks offering the refund anticipation loans are stricter this year than past years. I feel that Liberty Tax Service has a competitive advantage this year with a good lending partner for our Refund Anticipation Loans. After our conversation I found an article that one of her major competitors has lost the ability to offer Refund Anticipation Loans this year.

Q: Is there technology coming that may reduce the need for a Refund Anticipation Loan?

A: The IRS is testing a new service this year called Modernized e-File that is approving returns in as little as 6 hours. This means eligible and approved filers are able to get refunds more quickly. I feel that the quick approval process may eliminate the need for many filers to get a Refund Anticipation Loan.

During our conversation Deb mentioned two promotions Liberty Tax Service in Manchester is running this year. Early Filers, those who file their completed return by February 15th receive $50 in instant cash. There are also several discount programs offered through national and local employers.

This interview should not be considered tax advice or guidance, if you are looking for more information on Liberty Tax Service in Manchester or have further questions about refund anticipation loans or tax preperation after reading this article, please contact Deb Prior at 860-432-9494 or stop in to 290 Main St in Manchester. They are across from Walgreens right next to the Mane Pub.

I recently had the opportunity to meet Deb Prior who owns the Liberty Tax Service office in Manchester CT.  I asked her a few questions that someone looking for a tax preparation service in Manchester CT like Liberty Tax Service may want to know.

Q: What tax changes should a tax filer want to know for 2010?

A: There is a good change for self employed filers paying their own benefits like health insurance.  These costs can now be deducted in a more advantageous manner than in previous years potentially reducing some tax liability.  The Earned Income Credit and Standard Deductions have been increased.  The Making Work Pay Credit has recently been extended.  There are many more changes but these are a few popular ones this year.

Q: What exciting new services does Liberty Tax offer this year?

A: Tax Filers can visit www.libertytax.com and click on the e-smart button to file their taxes online.  No need to buy tax preparation software that will become obsolete next year.  Tax Filers may file online and have in person assistance at the local Liberty Tax office at 290 Main St. in Manchester, CT.  There is even a free option as well as other options comparable to popular tax preparation software.  This could be an option for the do-it-yourselfer who would like the availability of in person assistance with tough questions.

Q: Tell me about Lady Liberty and Uncle Sam, we seem them waving on street corners throughout the tax season.

A: Lady Liberty and Uncle Sam have been a part of Liberty Tax Service since they first opened for business.  It is a powerful tool in generating new business for us.  As much as 90% of our new clients mention they saw Lady Liberty or Uncle Sam waving to them. Kids look forward to riding by and waving.  It is just fun.

Deb mentioned two promotions they are running this year that I think are of interest to mention.  The 1^st, early filers who complete their return by February 15th get $50 instant cash.  There are also several discount programs offered through national and local employers.

This interview should not be considered tax advice or guidance, if you are looking for more information on Liberty Tax Service in Manchester or have further questions about tax preperation after reading this article, please contact Deb Prior at 860-432-9494 or stop in to 290 Main St in Manchester.  They are across from Walgreens right next to the Mane Pub.