Pay-by-Refund

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Pay-by-RefundHow to and helpful information1

Welcome to Pay-by-RefundSteps to complete Pay-by-Refundforms, learn how to introduce PBRto your clients and review PBR’sbenefits for you and your clients. Introducing PBR to your clientsClient benefits and feesHow to fill out the formsRefund disbursement optionsRequired Pay-by-Refund disclosuresTax preparer incentivesFAQs and Q&A2

Introducing Pay-by-Refund to your clientsAre your clients strapped for casharound tax season?Whether it’s from holiday shopping,unexpected expenses or a change infinancial status, with Pay-by-Refund, yourfees are paid out of your clients’tax refund. This means no upfront,out-of-pocket expenses for taxpreparation. You and your clients canstart tax preparation early so they gettheir refund (and you get paid) assoon as possible.But your clients may be hesitant to ask about paymentdeferral. The Pay-by-Refund marketing toolkit includesmaterials for your office and social media accounts to helpyou start the conversation.-Printable PostersDesktop TentsFlyersAds for Facebook or Linked-inReferral cardsDownload the toolkit free: https://proconnect.intuit.com/pay-by-refund3

What your clients need to knowClient Benefits and FeesNo Upfront Cost Your clients can start their taxes right away.All Pay-by-Refund tax payers will be auto enrolled in ID Protectionprovided by IDnotify, a part of Experian.ID protection bundle includes: Identity Restoration Identity Theft Insurance Dedicated Fraud Resolution Contact Center / SpecialistFees Your Professional fees and the 59.90 Pay-by-Refund fee willbe deducted from the tax payers refund4

ProSeries

Using Pay-by-Refund in ProSeriesStep1Fill out the Federal InformationWorksheet as usualUnder Part VIII, QuickZoom to yourenrolled bank’s PBR applicationworksheet5

Using Pay-by-Refund in ProSeriesStep2Check box next to “Refund Transfer”Note: Client’s refund must exceed total PBR andtax preparation fees to qualify for PBR benefit6

Client refund, ID verification and notificationsStep3Select client disbursement option- Direct deposit- Check printed in tax preparer’s office- Prepaid debit cardStep4Identification verification- Required for Federal e-filing (Driver’slicense, Military ID, passport, etc.)- Information automatically populatesfrom tax formStep5Client notification- Select how your client wants to benotified when their refund is ready7

VERY IMPORTANT STEPTax preparation feesStep6A:IMPORTANT: To ensure your fees aredisbursed properly, verify that yourTOTAL tax preparation fees are visibleon the Pay-by-Refund formCheck box to import billing amounts fromclient-specific billing options worksheetPress F10 key to update any later changesmade to client-specific billing optionsIf correct billing amounts aren’t showing, referto Steps 6B and 6C8

VERY IMPORTANT STEPTax preparation feesStep6B:Make sure the Client-Specific BillingOptions worksheet is complete andaccurate9

VERY IMPORTANT STEPTax preparation feesStep6C:PBR in ProSeries defaults to automatedbilling OR for manual billing, underTools, choose:- Rates per form (OR)- Global billing10

Finishing upStep7Review for accuracyStep8Review disclosures with client- Share Payments Summary and FederalRefund Options with your client toconfirm they understand the PBR fees- Republic Bank has oral disclosureconfirmation- Provide the one pager information sheet onID protection. Can be found on our /Note: Disclosures automatically print with return11

The finish lineStep9Print two copies for:- Client, who must sign forms in person- Your records (in case of regulatory bankaudit)Step10eFile- IRS typically accepts within 15-30 minutes12

Lacerte

Using Pay-by-Refund in LacerteStep1On screen 4.5, check the box:Electronic refund productStep2Enter ID information for taxpayer(s)Step3Enter Tax preparation feeStep4Select disbursement methodStep5Provide the one pager information sheet on IDprotection. Can be found on our /Note: Disclosures automatically print with return13

ProConnect Tax Online

Using Pay-by-Refund in PTOStep1On the Input Return tab, select Pay-By-Refund (RA)from the menu on the leftStep2Check box for Electronic refund product andenter ID information for taxpayer(s)Step3Enter Tax preparation feeStep4Select disbursement methodStep5Provide the one pager information sheet on IDprotection. Can be found on our /14

What’s in it for youProSeries and LacerteEarn 10 on all federal funded Pay-by-Refund transactionsfiled through the 1040 tax filing deadline of the then-currentTax Year over and above the number of PBR transactionsfunded in the prior Tax Year.*For example, if a you issue 50 PBR transactions in TY17and 150 in TY18, you would receive an incentive of 1,000( 10 each for the incremental 100 PBRs).This incentive is paid out all at once by the banks on behalfof Intuit, after the end of tax season (by 5/31/19).15

FAQsWhat is the PATH Act and how will it affect my clients?Taxpayers who claim the Additional Child Tax Credit (ACTC) or Earned Income Credit(EITC) will not be issued a refund before Feb. 15. So it is important to file their taxes asearly as possible.Can my clients use Pay-by-Refund for their state returns?Yes, but only if they are also using it for their Federal return and only for one state.Will using Pay-by-Refund cause delays in my clients receiving their refunds?No. Refunds are e-filed and there is no additional delay.How long after a client's refund is received will I get my fees paid?Banks typically disburse funds as soon as they are received from the IRS. Your feesare direct deposited into your bank account.How and when are tax-preparer incentives paid?Eligible incentives are delivered in a single payment from participating banks byMay 31 of the current tax year.16

SummaryWith a few clicks and some data entry, you and your clients can enjoythe convenience of Pay-by-Refund. No upfront, out-of-pocket expenses, allowing your clients to start their taxessooner so they get their refunds and you get paid as early as possible Streamlines receivables Offers an easy payment option for your clients17

Thank you*Pay-by-Refund or refund transfer program participation available to eligible ProSeries and Lacerte customers for a limited time only. Program participants will be designated to an incentive category, as determined by Intuit.Santa Barbara Tax Products Group, Refund Advantage, Republic Bank and River City Bank are participating banks. To be eligible, participants must adopt industry refund transfer best practice principles by chargingcustomary and reasonable processing fees, and federal returns must be transmitted to the IRS using a single account and EFIN. Federal returns that are rejected by the IRS, are deemed fraudulent or are a result of identitytheft are not eligible for credit under the program. Aggregate credits payment will be delivered from participating banks by May 31 of the current year. A one-time bank setup fee applies to each federal Pay-by-Refundtransaction. Additional fees apply to state Pay-by-Refund filings. Offer may be terminated or modified at Intuit’s discretion, and program and software terms and conditions, including available features, credits, pricing andsupport, are subject to change without notice. You must meet certain minimum funded Pay-by-Refund transaction thresholds in order to be eligible to qualify for free or discounted software. To be eligible to receive anyincentive compensation under this Program, the IRS requires Intuit to prepare a 1099. You will need to provide Intuit certain information, including: a) Tax Identification Number or Social Security Number, and b). Firm name,primary contact, address, phone number, and email address. Failure to provide any of this information may result in your incentive payment being withheld, delayed or cancelled. For complete Pay-by-Refund programdetails, including eligibility and participation requirements, restrictions and currently available credits, see https://proconnect.intuit.com/pay-by-refund or call 800-926-3796.18

Thank you 18 *Pay-by-Refund or refund transfer program participation available to eligible ProSeries and Lacerte customers for a limited time only. Program participants will be designated to an incentive category, as determined by Intuit. Santa Barbara Tax Products Group, Refund Advantage, R

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