So, I’ve done online tax refund calculators and I figured our refund (my husband and I filing jointly) would get around 6200 back, give or take about a 100 dollars. The catch is we are going to have to file a 8379 form because of a mortgage I owe on to the USDA Rural Development. ONLY my name is on the mortgage so I know that my husband is not obligated to pay on it, so they can’t take money from his party of the refund. All of the income this year is from him. We have 2 children, ages 2 and 11 months. So what I am wondering is are there any tax places that we could go to that will give us an IRAL or RAL for all or part of our refund, even though we are having to file that form. Please nobody give me an answer that says not to get an RAL because of high interest rates. I really don’t have much of an option because we have no money right now and he is coming home for R&R (he’s in the army, in iraq) on the 22nd of this month and I really don’t want to be stuck at home for 18days.
RAL with form 8379?
5 Responses to RAL with form 8379?
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You cannot get a RAL because of your husband’s military status. The Military Lending Act prohibits active duty military, their spouses, and dependents, from receiving these loans.
STOP! Don’t even look for a refund anticipation loan. It is about the worst deal you can find and just made for suckers. Save a bunch of money by efiling and having direct deposit of your refund in about two weeks.
Sorry, no RAL for you. RALs are always denied if your return is flagged for offset by the IRS.
The ONLY way that you’d be able to get a RAL is to file separate returns. You’ll likely pay more tax that way, possibly a LOT more. Once you add the fees for the RAL, you could easily lose 2/3 or more of your money that way. Use your head on this — throwing $4,000 in the toilet to get a couple of thousand now is not good money management practice AT ALL.
Given that he’s due home on the 22nd, it’s entirely possible that you won’t be able to get your return filed by then anyway. You can’t file it without all of your W-2s and there’s a good chance that they won’t be available by then.
As to what to do for 18 days, I have a pretty good idea what HE is going to be interested in, aside from the rude and crude obvious. Take it from this GW1 war vet, staying at home with his bride and children will be right up there at the TOP of the list!
Note: Please ignore the poster who tells you that he can file as Head of Household. He can’t. Glad I don’t go to her tax service, unless she’s not involved in tax prep which appears to be the case.
If you too file jointly, they will take his money, because you to are married now and your debts become one. The only option you really have is for him to file himself and do head of household. I work for a tax business, I’ve seen them take the peoples money! Good luck
There are some forms that if you plan on using when you file, then you will not be able to file until Feb. 11, 2008. This is because the IRS made some adjustments for Alternative Minimum Tax that would have affected millions of taxpayers and did not include these forms in their program in time and the computer will not accept them. I also do not believe that you can file a RAL with an injured spouse form as anything that can be disputed with the IRS cannot be used in a RAL.
Returns that include the following forms cannot be filed until Feb. 11, 2008:
Form 8863, Education Credits
Form 5695, Residential Energy Credits
Schedule 2, Form 1040A, Child and Dependent Care Expenses for Form 1040A Filers
Form 8396, Mortgage Interest Credit
Form 8859, District of Columbia First-Time Homebuyer Credit