Today, the U.S. House Ways & Means Subcommittee on Oversight held a hearing on IRS oversight and the 2014 individual income tax filing season just completed. The IRS has indicated that in fiscal year 2013, it collected over $2.8 trillion in taxes, processed 145.9 million individual tax returns, and issued $364.3 billion in refunds.
The… Read More
Highlighting the importance of financial literacy in a showcase of educational prowess, teams of high school students nationwide competed for more than $70,000 in college scholarships and cash prizes during the inaugural H&R Block Dollars & Sense Financial Literacy Promotion Project. Competitors created campaigns designed to educate their… Read More
Total revenues increase over the prior year, due to pricing changes, improved client mix, and online monetization efforts
As anticipated, share of total U.S. returns to decline, primarily due to company’s decision to discontinue its free Federal 1040EZ promotion
H&R Block, Inc. (NYSE: HRB), the world’s largest consumer tax… Read More
This year, an estimated 10 million taxpayers will apply for a tax filing extension, giving them six more months to prepare and file accurate tax returns. The extension also helps them avoid the 5-percent monthly failure-to-file penalty. Through April 15, clients who file an extension at participating H&R Block tax offices are eligible for a… Read More
DoSomething.org and H&R Block Dollars & Sense Use Hilarious Money-Saving Scenarios to Give Young People Real Money-Saving Tips
Three in four students feel they don’t know enough about personal finances. And according to a recent survey by H&R Block Dollars & Sense, 58 percent of teens worry about being worse off financially… Read More
This week, security researchers announced the discovery of a security flaw in OpenSSL technology called the Heartbleed Bug. OpenSSL is used by some online services to encrypt data over the Internet but the bug may not affect every website.
H&R Block has reviewed it systems and has currently found no risk to client data due to the… Read More
H&R Block Bank to sell certain assets and liabilities to BofI Federal Bank (“BofI”)
Transaction subject to regulatory approvals
Net, ongoing financial impact of transaction expected to dilute H&R Block earnings by approximately $0.07 to $0.09 per share annually beginning in fiscal 2015, based on current fully diluted shares… Read More
H&R Block Dollars & Sense awards $19,000 in classroom grants
Americans leave more than $1 billion on the table every year by doing their own taxes – a fact demonstrated in H&R Block’s “Get Your Billion Back, America” national advertising campaign by placing $500 on seats in a professional football stadium. After hearing… Read More
This morning, H&R Block President and CEO William Cobb testified at the Senate Finance Committee hearing on “Protecting Taxpayers from Incompetent and Unethical Return Preparers".
Cobb’s remarks focused on the need to better protect consumers and help reduce fraud. He outlined two key priorities as part of H&R Block’s proposal to… Read More
Inaccuracies May Cost 1 in 5 DIYers More Than $400 on Average – Totaling $1 Billion
A recent H&R Block Second Look® review study revealed that when taxpayers prepared their own tax returns, about 1 in 5 of them left money on the table. Taxpayers are leaving money on the table due to the following, among other things:
Not… 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.