Returns that include the following forms cannot be filed until Feb. 11, 2008:
Form 8863, Education Credits
Form 5695, Residential Energy Credits
Schedule 2, Form 1040A, Child and Dependent Care Expenses for Form 1040A Filers
Form 8396, Mortgage Interest Credit
Form 8859, District of Columbia First-Time Homebuyer Credit
A lot of early filers use the child and dependent care expenses. Day care expenses add up over the year. So do the education credits. That's why its a hassle for the late filing date.
To answer your question, the IRS will not even be accepting these returns with these forms until Feb. 11, 2008. So yes, You cannot apply for a Rapid Refund Loan until then since they are cannot even be filed with the IRS until then.
If you do not claim or use any of the above mentioned forms, then you can go ahead and file anytime around mid January and use a Rapid Refund Loan if you so desire.
But honestly, if you file electronically, and have a checking or savings account, the IRS can have your refund in your bank account usually within a week or 10 days from the day that it is filed and accepted. It usually cost on the average an extra $100-300 to do an Refund Loan (It depends on the amount of the refund)
plus the cost of preparing the actual return. I know that sometimes it seems like an emergency at the time, but that really is a lot of money just to get your money back a week earlier. Do you have someone who could loan you a couple of hundred dollars for a week or so if you really need it desperately? The IRS is really good about getting the money in your bank account quickly. You would even know the day that it will be deposited the day that you file. If your income is under $35,000 you can even file for free online and do a direct deposit. That way it won't cost you anything!!! And you get ALL of your refund to keep for yourself
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