Reinstate the Debt Indicator!
The IRS has stated that they will be removing the debt indicator (DI) this tax season. The DI is what the rapid refund providing banks use to assist in making an educated decision on approvals and denials for their loans. Most applicants for rapid refunds do not have immaculate credit, so having this information available allowed the banks to approve loans to taxpayers that would otherwise not qualify. We urge you to complete this form requesting your local representatives reconsider the removal of the debt indicator. The form can be accessed at DI reinstatement form. This form was actually completed by H&R Block, but it is a quick easy way to make your voice heard. This will be the only time you will ever hear us promoting H&R, but it is a good tool, and is for the benefit of our whole industry! Please complete the form; this topic affects all of our tax offices!
Posted: October 2, 2010