How to prevent a small-business audit – with an audit
Small businesses are a prime target for IRS audits. Because these businesses typically receive much of their income in cash and may receive few or no information statements, the IRS sees them as likely candidates to underreport income. According to the IRS Tax Gap study, 56 percent of taxpayers who receive few or no information statements… Read More
H&R Block Announces Fiscal 2016 First Quarter Results
KANSAS CITY, Mo. - H&R Block, Inc. (NYSE: HRB), the world's largest consumer tax services provider, today released its financial results for the fiscal 2016 first quarter ended July 31, 2015. The company typically reports a first quarter operating loss due to the seasonality of its U.S. tax business. First Quarter 2016… Read More
H&R Block Announces $3.5 Billion Share Repurchase Program and Capital Structure Plans
H&R Block Bank divestiture transaction now closed H&R Block no longer regulated as a savings and loan holding company Company announces a $3.5 billion share repurchase program, effective through June 2019 Company announces intent to launch “modified Dutch auction” tender offer on September 2nd to repurchase up to $1.5… Read More
Up to 1 in 6 Impacted by Expired Tax Benefits
Lynn Ebel, tax attorney at The Tax Institute, talks with the H&R Block newsroom about the impact expired tax benefits will have on taxpayers in 2015, including on teachers, students, homeowners and retirees.