If there is an expectation of a refund on the federal return, the "File and Go" option can be chosen to deduct the preparation fees from the refund. However, the federal refund must cover the filing fees and any additional fees. This option incurs a separate fee of $39.99 imposed by the third-party bank. If the IRS does not issue the refund and the bank cannot recover the tax preparation fees, the fees may be deducted from the account indicated in the agreement. File & Go is offered to TaxSlayer customers only.
Reasons File N Go may not be offered (list is not exhaustive )
- Taxpayer cannot be a dependent on another return
- Age (under 18)
- Return rejected multiple times
- Refund amount
- Taxpayer selected mailed check as refund option
- Savings bonds
- Etc.