ELIZABETH—In a recent enforcement sweep conducted with state officials, the Union County Division of Consumer Affairs inspected 70 businesses in the county that advertised “same-day” tax refunds. Six were later cited for failing to disclose that the advertised service was actually a high-interest loan.
The deceptive advertisements appeared in storefront signs, posters, and flyers. They included the words “instant” or “same day,” or they specified a time frame such as “1-Day” or “2-Day.”
It’s not possible for the IRS to process a taxpayer’s return and issue a refund that quickly. The quickest refund takes at least eight days. That occurs when the taxpayer submits an electronic form to the IRS, and the refund is direct-deposited to the taxpayer’s bank account.




