Thursday, February 23, 2006

H&R Block Mis-Reports Their Own Taxes

A Reuters newswire article, via MSNBC, reports that:

H&R Block, which provides tax advice to millions of Americans, 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.

More here.

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