TaxAct Professional - Client Fees from Refund (Bank Products)
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To have your preparation fees deducted from your client's refund, you must apply to work with a TaxAct partner bank who offers this service. To start the application, log into your TaxAct account and click on Bank Enrollment. Once your application is accepted, you can offer your clients the option to pay their fees via their refund (Pay-by-Refund) in the TaxAct program.
Note: If you choose to have a client's preparation fees deducted from their refund, you will incur a $19.95 transmission fee. This fee is not for e-filing the tax return but instead for the transmission service provided by our bank partner.
IMPORTANT: Per IRS guidelines, a taxpayer cannot elect to have their refund deposited into someone else’s bank account; including that of their tax preparer. If your client would like to have your fees deducted from their refund, you must apply to work with a bank partner.