Have you seen the ads for "instant money," "rapid refunds," or "electronic refund advances"? These tax services often take a large part of your tax refund. Don't be fooled by flashy ads! What do these tax service companies really offer? They give you a very expensive loan. The interest rate on the loan can cost you from 173% to more than 200% interest per year!
There are other problems with these loans. What happens if the tax preparer makes a mistake? What happens is the IRS withholds your refund? You still have to repay interest on the loan you got from the tax service company.
"Refunds totaling just over $917 million may be waiting for an estimated 984,400 taxpayers who did not file a federal income tax return for 2009, the Internal Revenue Service announced today. However, to collect the money, a return for 2009 must be filed with the IRS no later than Monday, April 15, 2013..."
Read more, including inforamtion about filing your 2009 tax return online at IRS.gov.