01/03/2025
Listen hear 🗣️👂🏽
Have you ever wondered how cash advances actually work during tax season? Let me break it down real quick!
‼️Applying for a tax advance = Filing your tax return.
There’s no way around it. The moment you apply for an advance, your return is sent to the tax bank and the IRS, where it sits in line, waiting to be processed once the IRS opens.
🤑 Loan approved? Congrats—you’ve officially filed your taxes!
😔 Loan denied? Sorry, but you’ve still filed your taxes.
Thinking about hopping to another preparer to try again? 🙅🏾♀️ Save yourself the time (and the headache). Banks share information, so they’ll know you’ve already applied. And submitting multiple tax returns or loan applications? That’s a one-way ticket to a possible IRS review before they even process your return. Trust me—you don’t want that smoke.
🏦 How does the bank decide on your loan?
It’s all about:
• Your refund amount
• Your loan repayment history
• Your employment and address history
• Any pending offsets
✅ How to avoid unnecessary stress this season:
1. Choose a reputable preparer you trust.
2. Be upfront about your situation.
3. Make sure you have all your documents ready!
Got questions? Reach out via messenger LCH Financial LLC or Lashundra Horton
LCH FINANCIAL TAX SERVICES is officially open for business, but you must have all documents ready!!
Up to 7,500 in cash advances ~ Accepting New clients!!! Letssssss Goooooo!!!
