tax preparation

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.

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.

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.

If you feel like this tax season is a bit more chaotic than the last tax, it's not your imagination. There are lots of challenges this year, including an extended filing season, delays in processing returns and last-minute changes to the tax laws as a result of the new tax deal. It's important to...

With just over a month to go before tax season wraps up, many taxpayers are still mulling their filing options, hoping to find the best deal for tax preparation. As we've posted previously, there are a number of free and low-cost filing opportunities for taxpayers, including the IRS FreeFile...

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.

Investors reacted swiftly and negatively after the tax preparer announced that Russ Smyth was leaving. Alan Bennett, the former interim CEO, is coming back to the position permanently. Still, news clearly unsettled investors.

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 available at Savings.com through April 15, 2010. Click on the link above to get the discount. Here is how the pricing breaks down for the four tax...

There's only about two weeks left to file your taxes and get your payments in the mail which means that local accountants and tax preparation firms are going to be busy, busy, busy with people like you and me who have waited to file. If you want to file your taxes yourself you can use a tool like...

Even though you're nearing the home stretch for getting your taxes done, that doesn't mean you should pay a preparer too much. These fee averages supplied by the National Society of Accountants can serve as a guideline for hiring the person you're going to have to pay once Uncle Sam finishes with...