H&R Block Goofs
Posted on 25. Feb, 2006 by Jason Guthrie in News, Taxes
I couldn’t resist this…
CNN Money is reporting that H&R Block made an embarrassing confession on Thursday. It goofed on its own taxes.
The company, which is in the middle of its make-or-break season preparing other people’s tax returns, said it had underestimated its own “state effective income tax rate” in previous quarters — meaning it owes another $32 million in back taxes.
As a result, H&R Block said it would restate previously reported earnings going all the way back to 2004.
All I have to say is… ouch! It will be interesting to see how this affects their tax season.
Lindsay
27. Feb, 2006
My friend has me on her list of free returns for this year; she works for H&R Block. I was going to try to do my own taxes anyway, but this is all the more reason to do my own, lol! Not that I don’t trust my friend, but still! hehe. She may still end up doing them anyway, who knows, they’re pretty complicated this year.