23 Feb

H&R Block incorrectly calculates its own taxes!!!

The tax preparation company of H&R Block Inc. has incorrectly calculated its own state taxes. A mistake in calculating its state effective income tax rate means that the company owes $32 million in back taxes that go back to 2004.
A company representative said that the error isn’t material. But it sure hurts when the company is already experiencing a slow year, which has been impacted by a technology problem that drove away 250,000 customers.

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