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14381: IL - Changes to Bank Products Beginning in 2017


Illinois

Starting with the 2017 filing season, several changes are being made to Bank Products for Illinois.
 

Bank product options will be substantially different beginning in 2017 for EROs in the state of Illinois. The only fees that can be charged by Illinois EROs will be tax preparation fees.

The following changes are in place starting in the 2017 filing season:

  • Drake does not charge a technology fee in the State of Illinois (exception, see below).
  • Preparers no longer have the option to charge additional fees (i.e.- no service bureau fees, add-on fees, etc.).
  • Some bank partners may offer limited products, or not have a program in the state of Illinois.
  • Preparers will still be able to offer Protection Plus products.

For more information, view Section 105.230 of the Illinois DOR Regulations.

Contact Refund Advantage at (800) 967­-4934 for more information about any other limitations or fees that may be charged to preparers using bank products in Illinois.


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