Is getting your clients to pay on time one of the most difficult tasks you face during the year? You already know that collecting fees not only takes up valuable time, but the printing, postage, and bookkeeping involved also take a chunk out of your profits. Don't waste any more time and money on AR functions for clients who are receiving a tax refund. FeeCollect™ lets you deduct your tax preparation fees directly from your clients' refunds. No more billing hassles. No more unpaid fees.
The process is simple! All you have to do is file the return electronically using your ATX software and have your client sign a simple authorization form allowing you to deduct your fees from the refund. The bank does the rest, depositing your fees directly to your designated bank account, and depositing the remainder of the refund directly to your client's account.
It doesn't get any easier or any more automatic. Best of all, you pay only $15 per tax return for this service-far less than it would cost you to collect your fees from a slow-paying client.
This is not a loan. There is no cost to your clients. The funds are deposited only when the IRS pays the refund, which is normally within 10 to 14 days after you file the return. If the IRS withholds the refund for any reason, then you pay absolutely nothing for this service.
To find out more about FeeCollect, call us at 866-345-4172.
*FeeCollect is not available to tax preparers who offer bank products.*
Frequently Asked Questions (FAQ)