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What is a state refund transfer?

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Question
What is a state refund transfer?

Answer

The state refund transfer or SRT is offered by tax preparers to clients who request the state taxing authority to deposit the client's state refund to the bank the preparer is approved with in order to withhold the preparer fees. Visit your bank website to determine if they offer the state refund transfer option.


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Article Details
Views: 260 Created on: Jun 15, 2013
Date updated: Oct 19, 2015

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