Posted by Michael(KCMO) on May 03, 2004 at 21:50:20:
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Assigning tax refunds? - Posted by Michael(KCMO)
Posted by Michael(KCMO) on April 30, 2004 at 19:55:58:
I have a potential buyer wanting to give a less that adequate (in my mind) downpayment, but she says she’s willing to assign her tax refund to me each year in addition to her regular monthly payments. Has anyone ever done anything like that? Is it complicated to do? How do you go about doing it? What, if any, are the potential pitfalls?
I had actually had a similar idea filed away in the back of my mind wherein I would give advances on refunds and have them assigned to me once they were filed. Thought this might be a good investment around tax season each year. Charge a 10% fee or something like that. I hadn’t really given it much thought beyond that, but now seems like a good time to ask. I think H&R Block does something like that, don’t they?
Anyone know anything about doing something like either of the above scenarios? Tell me about it, please.
Thanks,
Michael(KCMO)