RAL Summit on Thursday

The Council for Electronic Revenue Communication Advancement, a close group of banks and tax preparers organized at the invitation of the IRS, will meet Thursday at the Crystal City, Virginia Marriott.   It might seem like the kind of meeting that would bore a baked chicken, it could be the setting for the IRS to announce how it might act on the suddenly volatile refund anticipation loan market.

All of the players will be there.  Mark Ernst is scheduled to speak, along with Director of Electronic Tax Administration and Refundable Credits David Williams.  Sponsors include:

• JP Morgan Chase
• Republic Bank & Trust
• Santa Barbara Tax Products Group
• River City Bank
• H&R Block
• Intuit

Congress is holding bank lobbyist month, and the bankers cross the Potomac for Mark Ernst.  What’s up?