H&R Block Advises Prepare Now for Taxmageddon, Don’t Fall off Fiscal Cliff

AMT, expired tax breaks impact taxpayers of all income levels Whether it is called “Taxmageddon” or the “fiscal cliff,” millions of taxpayers at all income levels are at risk of paying more in taxes this year. For some, this could mean owing money to the IRS instead of getting a tax refund as they have previously. “The risks for… Read More

Time Running Out on Mortgage Relief Act

H&R Block Reviews Tax Implications of Forgiven Mortgage Debt The 1.5 million homeowners1 in foreclosure -- and those facing it -- need to understand the different tax implications if the process is finalized by Dec. 31 versus next year. H&R Block (NYSE: HRB) explains that because the soon-to-expire Mortgage Relief Act allows up to $2… Read More

H&R Block Exploring Strategic Alternatives for H&R Block Bank

Company is utilizing Goldman, Sachs & Co. to advise on strategic alternatives for H&R Block Bank Company’s existing offering of financial products and related services will remain in fiscal 2013; financial products and related services remain key part of company’s strategy Company expects no material impact on fiscal 2013… Read More

Three Reasons Oct. 15 is the Second Most Important Day for Taxes

H&R Block advises taxpayers on extension filing deadline, Fresh Start payments and reviewing tax outlook April 15 has a pretty good chance of remaining the No. 1 day for taxes, but Oct. 15 is likely a close second. This year, H&R Block (NYSE: HRB) offers three reasons Oct. 15 is important for taxpayers: (1) extension filers must… Read More

H&R Block’s Net Loss From Continuing Operations Improves 11 Percent; Improves 6 Percent on Adjusted Basis

H&R Block, Inc. (NYSE: HRB) today announced financial results for its fiscal first quarter ended July 31, 2012. The company typically reports a first quarter operating loss due to the seasonality of its core U.S. tax business. First Quarter 2013 Highlights(1) Net loss from continuing operations improves 11 percent to $106 million, or… Read More

Some Common Job-Related Expenses Tax-Deductible, Yet Go Unclaimed

H&R Block advises equipment, search and relocation expenses can mean tax savings Job placement services. Uniforms. Continuing education. As millions celebrate Labor Day with a day off work, it’s also a good time to take stock of what it costs employees to perform and keep their jobs. H&R Block (NYSE: HRB) advises taxpayers to… Read More

H&R Block, Inc. Announces New Credit Facility

H&R Block, Inc. (NYSE: HRB) announced today that its wholly owned subsidiary, Block Financial LLC, entered into a new five-year, $1.5 billion Credit and Guarantee Agreement, which will  expire on Aug. 17, 2017 unless extended pursuant to the terms of the agreement. Funds available under the new agreement may be used for general corporate… Read More

H&R Block to Release First Quarter Results on September 5

H&R Block, Inc. (NYSE: HRB) will report fiscal 2013 first quarter results on Wednesday, September 5, after the New York Stock Exchange market close. At that time, a copy of the press release will be available on the company's investor relations Web site at http://investors.hrblock.com. At 4:30 p.m. Eastern, the company will host a… Read More

Back-to-School Savings Include Tax Breaks

H&R Block advises on smart education tax breaks to save money Considering the confusion surrounding diminishing tax breaks and tax-free ways to pay for school, H&R Block (NYSE: HRB) shares how parents and students can make smart tax and saving choices for education expenses. Some of the most commonly overlooked tax breaks are for… Read More

Kathy PickeringKathy Pickering, Executive Director of The Tax Institute at H&R Block

STATEMENT: H&R Block Responds to Supreme Court Ruling

Statement from Kathy Pickering, Vice President, H&R Block Government Relations and Executive Director, The Tax Institute at H&R Block “The health care law upheld by the Supreme Court will have enormous ramifications for how Americans file taxes each year going forward. Today’s ruling that the individual mandate is a tax underscores… Read More

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Confusion about Health care and taxes

From the Newsroom: Richard Gartland, senior tax professional with H&R Block, talks about taxes and health care.