Will IRS Modernized E-File (CADE2) result in the RAL becoming Obsolete?

By The Income Tax School | May 19, 2010

IRS Modernized E-File (CADE) promised to speed up direct deposit refunds to a few days instead of about 2 weeks .

Read Details at:  http://www.irs.gov/efile/article/0,,id=204763,00.html The new CADE2 IRS project is explained at the following link.:http://www.datacenterknowledge.com/archives/2010/03/29/irs-data-centers-gird-for-tax-season/

We have been phasing out of RALs for the past 5 years in anticipation of faster refunds from IRS.  We believe the RAL will be replaced by various refund transfer products such as stored value credit cards.

What impact will this likely have on the RAL market?  What implications will CADE2 have for your tax business?

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