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About Bank ProductsDrake Software User’s ManualTo print a blank form without going through the return, go to the Home window andselect Tools > Blank Forms, select Federal, and choose the application for yourbank. Note that applications are multiple pages, as shown in Table 8-1.Table 8-1: Bank Application Forms Available in DrakeBankChaseRepublicRCBSBBTApplication FormCH_APPL.PG through CH_APPL.PG4 (4 pages)RB_APPL.PG through RB_APPL.PG5 (5 pages)RCB_APPL.PG through RCB_APPL.PG6 (6 pages)SB_APPL.PG through SB_APPL.PG4 (4 pages)See Tools > Blank Forms for other bank-related blank documents.Banks typically have specific minimum and maximum refund requirements. For moreinformation, consult the bank application._NOTEDo not confuse the RAL Application with the bank application thatan ERO must fill out online for Drake. For more on the Drake bankapplication, see “Preparing to Offer Bank Products” on page 207.Service Bureau RequirementsTypes of Bank ProductsIf your firm collects tax returns for e-filing from outside companies or individuals, itmight be considered a service bureau. Service bureaus can be required to provideadditional information when applying for bank products.A preparer or firm can be considered a service bureau if:• The preparer accepts returns from other businesses that the preparer does not own• A preparer issues Form1099 for contract labor at other locations• A preparer contracts with another tax preparer to provide e-filing and RALs• A preparer issues W-2s to a non-employee who performs functions as a preparerYour firm is not a service bureau if it issues W-2s to employees who are under directcontrol of the firm and collect returns at the other locations.Bank-products include Refund Anticipation Loans (RAL,), Instant Refund AnticipationLoans (IRALs), and certain non-loan products (Table 8-2). It is important thatyour client understand that RAL and IRAL checks are loans and not actual refunds.Clearly explain the cost of the loan, the APR, and any other disclosures. Show yourclient the bank documents and explain all costs, checks, deposits, and the timing of204 Tax Year 2008