Wal-Mart Says: Bring Us Your Tax Rebates!

Not wanting to miss an opportunity to lure would-be shoppers to its aisles or to endear itself to consumers everywhere, Wal-Mart has announced a plan whereby taxpayers can cash their tax rebate checks at no charge, with no strings attached.

The income tax rebates, which will be mailed to nearly every taxpayer in the nation, will start appearing in mailboxes later this month.

People who choose to come to Wal-Mart to cash their checks will have three choices:

  1. Take cash for the check - no purchase is necessary
  2. Exchange the check for a Wal-Mart or Sam's Club shopping card which can be used at any time in the future
  3. Use the check at the cash register to pay for purchases

"Seriously, no purchase is necessary," said Wal-Mart spokesman Tom Williams. "We're happy to have people come in our stores, to cash them and leave - but we'd love them to spend some of the money, too."

You may like these other stories...

Many senior US tax professionals believe that a streamlined audit process will be the top benefit resulting from the IRS Transfer Pricing Audit Roadmap, a new toolkit organized around a notional 24-month audit timeline,...
Tax accounting to be simplified for money-market fundsThe US Securities and Exchange Commission (SEC) voted 3-2 on Wednesday for sweeping changes to institutional money-market funds, Emily Chasan, senior editor of...
By Cathy Stopyra and Todd SimmensUnderpayment interest, refund interest, and penalties charged to businesses are just a few of the considerations the IRS calculates when determining taxation for a given company. Though...

Upcoming CPE Webinars

Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.