tax preparation

More Than 600,000 Tax Returns Delayed Due to Filing Errors

The IRS said 10%, or more than 600,000, of the 6.6 million returns claiming education credits it has received so far this tax season were improperly filed by tax software providers. As a result, those refunds could be delayed for as long as six weeks.

The Tax Break That Millions Miss Out On

There's a popular tax break out there that paid more than 26 million workers a total of nearly $59 billion last year. Yet as many as 1 in 4 of those who qualify for this tax credit failed to claim it, missing out on hundreds, or even thousands, of dollars. That break is the earned income tax credit.

Tax Prep Nightmare: Don't Get Conned by Your Tax Pro

A series of major problems and the whiff of potential fraud at a tax-prep company called "Mo Money Taxes" are a scary reminder: Be smart about selecting the professional who helps with your tax return. Here are some tips to help you avoid the shady characters.

Buy Intuit, Sell H&R Block

H&R block is at it again, dumping accounting consultancy RSM McGladrey in a continuing pattern of erratic acquisitions and sales. True, the tax preparer is well-positioned in software and online filing, and currently offers good value. But if you want growth, you'd do better to buy its more nimble competitor, Intuit.

H&R Block Buys Maker of TaxACT Tax Software

H&R Block has been a laggard in its online efforts, while competitor Intuit's TurboTax keeps gaining market share. To start remedying the situation, H&R Block this week agreed to pay $287.5 million for 2SS Holdings, which develops the desktop and online tax prep software TaxACT.

H&R Block Shares Tumble on CEO's Departure

Shares of tax preparer H&R Block fell 8% on Thursday as the company changed leadership on when Russ Smyth left his post as president and CEO to head a private company in Chicago and Alan Bennett was elected to replace him by the board of directors.

H&R Block tax coupon for 30% off

This is the biggest discount on tax software that I've seen this tax season. You can get 30% off tax software at H&R Block with a coupon code...

8 commonly overlooked tax deductions

If you keep good records, deductions can be a great way to reduce your taxable income. Increasing your allowable deductions means the less tax you...

IRS Raises the Bar for Tax Preparers

Each year, the IRS estimates that 900,000 to 1.2 million people prepare tax returns for a fee. But preparers don't have to be registered, there's no national competency test, and regulation of the industry has been lax. That's about to change.