Refund Anticipation Loan Quiz

6. If the tax refund from the IRS is for less than the refund anticipation loan, the taxpayer does not have to pay the difference back to the loan company.

b. CORRECT!

False. If, for any reason, a tax refund does not come back from the IRS in the amount the preparer calculated, the taxpayer has to pay the loan company the full amount of the difference.