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The Federal Trade Commission last week sued the tax preparation company H&R Block for, in essence, making it more difficult for consumers to file online for free and for misleading many into ...
Tax preparer H&R Block “deceptively” pushed ads promising free online tax filings, according to the Federal Trade Commission.. Now, it’s the subject of a federal complaint. The commission is ...
The Federal Trade Commission filed a complaint against H&R Block, alleging the tax prep company has been misleading customers into believing they qualify for free filing when they do not.
H&R Block, Inc., or H&R Block, is an American tax preparation company operating in Canada, the United States, and Australia. The company was founded in 1955 in Kansas City, Missouri, by brothers Henry W. Bloch and Richard Bloch. As of 2018, H&R Block operates approximately 12,000 retail tax offices staffed by tax professionals worldwide.
The process is similar to receiving a credit card bill where the recipient can dispute charges they did not authorize. This system is used in countries that include Denmark, Sweden, and Spain. Intuit and the tax preparation service H&R Block have disclosed lobbying Congress against setting up a similar system for federal U.S. tax returns.
H&R Block shares tumbled 8.2%, while Intuit shed 5.1% on Tuesday. As the dominant players in tax preparation, H&R Block and Intuit, the maker of TurboTax, generate billions in revenue annually by ...