By Alan Twombly, as appeared in The Hill
For many years now, tax season has increasingly become fraud season as fraudsters and unscrupulous preparers find new and exploitative ways to steal from American taxpayers – almost $30 billion just from identity theft alone according to the Internal Revenue Service (IRS). As small business tax… Read More
At the invitation of IRS Commissioner John Koskinen, H&R Block president and CEO Bill Cobb participated in today’s working group addressing the challenges of identity theft and refund fraud. Representatives from the tax industry and state tax administrators also joined the working group.
After the meeting, Cobb thanked Commissioner… Read More
Consumers willing to providing additional documentation, request tax preparers meet minimum standards
A survey from H&R Block, the world’s largest consumer tax services provider, found that 96 percent of consumers are willing to take action to combat tax fraud. Some of the top responses include answering additional questions on their… Read More
Special enrollment period began March 15 and ends April 30 for qualifying taxpayers
H&R Block (NYSE: HRB), the world’s largest consumer tax services provider, advises taxpayers without health insurance that they may have one more chance to enroll in health insurance and avoid growing tax penalties for 2015. Taxpayers who paid a penalty… Read More
H&R Block, Inc. (NYSE: HRB), the world's largest consumer tax services provider, today released its financial results for the fiscal 2015 third quarter ended January 31, 2015 and U.S tax volume through February 28.
As a result of an earlier opening of the Internal Revenue Service's (IRS) e-file system this tax season, the company reported… Read More
Tax identity theft, improper payments cost country billions of dollars annually
To kick off National Consumer Protection Week, H&R Block (NYSE: HRB), the world’s largest consumer tax preparation company, has launched an online fraud resource center detailing various tax fraud scams and improper payment issues while highlighting ways… Read More
H&R Block’s Vice President of Advertising, Kelli Ramey, today was named to Ad Age’s annual 40 Under 40 list. The list recognizes outstanding talent in the media, marketing and agency worlds who have achieved outstanding accomplishments at a relatively young age and are likely to shape the marketplace in the future.
“I’m honored to… Read More
So far taxpayers seem to be indicating true insurance status as refunds dip 17 percent
So far in the 2015 tax season, H&R Block (NYSE: HRB), the world’s largest consumer tax services provider, is seeing a majority (52 percent) who enrolled in insurance via the state or federal Marketplaces paying back a portion of the Advance Premium Tax… Read More
Popular tax breaks extended in December not recognized in some states
H&R Block (NYSE: HRB), the world’s largest consumer tax services provider, advises taxpayers in about one in four states are not able to use certain federal tax breaks to benefit their state returns. Although Congress extended popular expired tax breaks in December, 12… Read More
I am writing this letter to bring attention to a growing issue that affects millions of Americans every year – tax fraud.
No taxpayer is immune to this growing problem. Last year even Attorney General Eric Holder fell victim to fraud resulting from tax identity theft. And as consumers increasingly see their data coming under attack across… 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.