What’s Next?Getting clients started with Pay-by-Refund

1

Welcome to Pay-by-RefundDuring this webinar you will learn the steps to complete Pay-by-Refund forms, learn how to introduce PBR to your clients and review PBR’s benefits for you and your clients.

2

• Introducing PBR to your clients• Client benefits and fees• How to fill out the forms• Refund disbursement options• Required Pay-by-Refund disclosures• Tax preparer incentives• FAQs and Q&A

Introducing Pay-by-Refund to your clientsAre your clients strapped for cash around tax season?

Whether it’s from holiday shopping, unexpected expenses or a change in financial status, with Pay-by-Refund, your fees are paid out of your clients’tax refund. This means no upfront,out-of-pocket expenses for tax preparation. You and your clients can start tax preparation early so they get their refund (and you get paid) assoon as possible.

But your clients may be hesitant to ask about payment deferral. The Pay-by-Refund marketing toolkit includes materials for your office and social media accounts to help you start the conversation.

- Printable Posters- Desktop Tents- Flyers- Ads for Facebook or Linked-in- Referral cards

Download the toolkit free: https://proconnect.intuit.com/pay-by-refund3

What your clients need to knowClient Benefits and Fees

No upfront payment

• Your tax preparation fees and the $39.95 bank set-up fee are paid from clients’ refunds

• There’s an additional $8 - $10 fee for state returns depending on bank

• No hidden fees: no e-file, technology or transmission fees

4

Step1Fill out the Federal Information Worksheet as usual

Under Part VIII, QuickZoom to your enrolled bank’s PBR application worksheet

Using Pay-by-Refund in ProSeries

5

Step2Check box next to “Refund Transfer”

Note: Client’s refund must exceed total PBR and tax preparation fees to qualify for PBR benefit

Using Pay-by-Refund in ProSeries

6

Client refund, ID verification and notificationsStep3 Select client disbursement option - Direct deposit

- Check printed in tax preparer’s office- Prepaid debit card

Identification verification - Required for Federal e-filing (Driver’s license, Military ID, passport, etc.)

- Information automatically populates from tax form

Client notification - Select how your client wants to be notified when their refund is ready

Step4

Step5

7

8

VERY IMPORTANT STEP

Step6A:IMPORTANT: To ensure your fees are disbursed properly, verify that yourTOTAL tax preparation fees are visible on the Pay-by-Refund form

Check box to import billing amounts from client-specific billing options worksheet

Press F10 key to update any later changes made to client-specific billing options

If correct billing amounts aren’t showing, refer to Steps 6B and 6C

Tax preparation fees

Step6B:Make sure the Client-Specific Billing Options worksheet is complete and accurate

9

Tax preparation fees

VERY IMPORTANT STEP

Step6C:PBR in ProSeries defaults to automated billing OR for manual billing, underTools, choose:- Rates per form (OR)- Global billing

Tax preparation fees

VERY IMPORTANT STEP

10

Finishing upStep7Review for accuracy

Step8Review disclosures with client- Share Payments Summary and Federal

Refund Options with your client to confirm they understand the PBR fees

- Republic Bank has oral disclosure confirmation

Note: Disclosures automatically print with return

11

The finish lineStep9Print two copies for:- Client, who must sign forms in person- Your records (in case of regulatory

bank audit)

Step10eFile- IRS typically accepts within 15-30

minutes

12

13

Step1On screen 4.5, check the box: Electronic refund product

Step2 Enter ID information for taxpayer(s)

Step3 Enter Tax preparation fee

Step4Select disbursement method

Note: Disclosures automatically print with return

Using Pay-by-Refund in Lacerte

14

Step1On the Input Return tab, select Pay-By-Refund (RA) from the menu on the left

Step2 Check box for Electronic refund product and enter ID information for taxpayer(s)

Step3Enter Tax preparation fee

Step4Select disbursement method

Note: Disclosures automatically print with return

Using Pay-by-Refund in PTO

What’s in it for youProSeries and LacerteEarn $10 on all federal funded Pay-by-Refund transactions filed through the 1040 tax filing deadline of the then-current Tax Year over and above the number of PBR transactions funded in the prior Tax Year.*

15

FAQs What 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 as early 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 fees are 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 by May 31 of the current tax year.

16

Summary and Q&AWith a few clicks and some data entry, you and your clients can enjoy the 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 clients

Questions?

17

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, Republic Bank and River City Bank are participating banks. To be eligible, participants must adopt industry refund transfer best practice principles by charging customary 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 identity theft 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-Refund transaction. 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 and support, 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 any incentive 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 program details, including eligibility and participation requirements, restrictions and currently available credits, see https://proconnect.intuit.com/pay-by-refund or call 800-926-3796..