H&R Block, Inc., HRB, the world's largest consumer tax services provider, today announced the preliminary results of its "modified Dutch auction" tender offer, which expired at 5:00 P.M., New York City time, on Friday, October 2, 2015.
Based on the preliminary count by the depositary for the tender offer, a total of approximately 48.8… Read More
Two weeks left for taxpayers who filed an extension; failure to file endangers health care tax credit
KANSAS CITY, Mo. – Taxpayers who filed an extension have just two weeks left to file their 2014 tax returns by the October 15 deadline. Their failure to meet the upcoming deadline could mean failure-to-file and failure-to-pay penalties, as… Read More
There is good news and bad news for homeowners making energy-efficient improvements. The bad news is that what had been the most common tax break for these upgrades – the nonbusiness energy property credit – expired last year. However, it had already been in decline, falling from $5.4 billion in 2010 to $449 million in 2012.
The good news… Read More
New parents who hire a nanny find they are employers, face “nanny tax”
New parents face a lot of surprises when they bring their child home, including a possible surprise from the IRS. If they hire a nanny, they may be considered household employers and could be responsible for paying and withholding Social Security, Medicare and… Read More
A recent government report validated much of what H&R Block has championed for the past few years: Taxpayers who do not receive detailed guidance to claim the Earned Income Tax Credit (EITC) are 34 times more likely to make an error in claiming the credit. These errors could lead to delayed refunds or billions of dollars of improper… Read More
KANSAS CITY, Mo. - H&R Block, Inc. (NYSE: HRB), the world’s largest consumer tax services provider, announced today that its wholly owned subsidiary, Block Financial LLC, entered into a new five-year, $2.0 billion Credit and Guarantee Agreement (the “Agreement”).
"I'm very pleased to have finalized this new long-term Agreement, which… Read More
Analysis from The Tax Institute at H&R Block shows two of three taxpayer scenarios see a tax savings under presidential candidate Jeb Bush’s tax plan. In these scenarios, both a middle-income family of four and a lower-income family of four have a lowered tax liability compared to the current tax code, while a single middle-income filer… Read More
Last year, the IRS audited more than 1.3 million taxpayers and assessed $33 billion in taxes. Taxpayers who fear an IRS audit may hesitate to claim all the tax breaks to which they are entitled. Rather than risk an audit, these taxpayers might prefer to “play it safe” and leave those tax breaks – their money – on the table.
It’s easy… Read More
H&R Block celebrates latest steps to streamline penalty relief
KANSAS CITY, Mo. – The IRS issues more than 40 million penalties to taxpayers every year. Now, taxpayers are getting a new and improved message from the IRS when they receive notices about failure-to-file and failure-to-pay penalties. These notices include a new insert that… Read More
Block Small Business continues to add to its resources, services and tools
For Immediate Release: September 11, 2015
KANSAS CITY, Mo. – H&R Block (NYSE: HRB) continues to add to value to the small business community. Block Small Business, having served clients for more than a year with its unique virtual outsourcing model, is adding… Read More
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.