It looks like the Debit card is going to have the ability to pay the prep cost and then disburse the rest to client (I thought IRS had announced that next year it would be set up, but this year is the 600,000 test pilot of program.
Not yet. They put the horse in front of the cart, again. I have been advising clients in the past how to get low cost prepaid cards. I haven't had one do it yet, although the place is next door. They just want their prep fee paid from the refund. Dummies! They are offering this wonderful product which has no demand at filing time without the fees taken out of the refund.
IRS has publicly stated that they want to make a product similar to a RAC, but at no cost. The RAC is short lived, and Republic within their 10Q has acknowledged this fact. If the IRS gets to where they pay within a week, the RAL is doomed. It is probably doomed, anyway. All that is fine with me. The customer saves money, and I get my fee quicker. Win Win.