H& R Block Announces Creation of Bank for Tax Customers' Refunds
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H&R Block Inc., a name widely known for helping people file their taxes, wants its 19 million customers to think of it as something more -- a full service bank.
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WASHINGTON -- The IRS has more than $73 million in tax refunds for thousands of taxpayers whose checks were returned to the tax agency as undeliverable.
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President Bush on Friday signed legislation allowing people who donate to Indian Ocean tsunami relief to claim deductions on their 2004 tax returns, if they write the check before the end of the month.
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H&amp;R Block Inc. shareholders elected hedge-fund manager Richard Breeden to the board, putting more pressure on the company to shut its subprime mortgage unit and divest others not tied to the business of preparing tax returns.
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Taxpayers have already received almost $87 billion in income tax refunds this year, but many are neglecting to ask for a modest refund from a now defunct telephone tax.
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H&R Block Inc. , the nation's largest tax preparer, on Wednesday said its decision to write down the value of its Option One Mortgage business, which is up for sale, increased the company's net loss in the fiscal third quarter by $15.5 million to $60.3 million.
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Millions of lower-income working people are missing out on substantial tax refunds, the head of the Internal Revenue Service said Thursday as he promoted a tax credit to help them.
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The Internal Revenue Service is making it easier for the smallest of businesses to file their income tax returns, allowing more of them to use the very simple form known as Schedule C-EZ.
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H&R Block Inc. , the largest U.S. tax preparer, on Thursday said its quarterly loss nearly doubled, hurt by weakness in its mortgage operations.
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The Internal Revenue Service said it may try to prevent tax preparers such as Jackson Hewitt Tax Service and H&R Block from offering customers refund loans and audit insurance because those products can encourage fraud.
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H&R Block Inc. , the nation's largest tax preparer, on Wednesday said its decision to write down the value of its Option One Mortgage unit, a subprime lender that is up for sale, increased the company's third-quarter net loss by $15.5 million.
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Shares of H&R Block Inc.   tumbled 11 percent on Friday, a day after the largest U.S. tax  preparer warned it would take a charge related to its  struggling mortgage unit, and the stock was downgraded to  "neutral."
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WASHINGTON - A new study listing 46 profitable Fortune 500 companies as getting $5.4 billion in federal tax refunds last year is being used by Democrats to push for expanding the child tax credit to low-income families who don&#39;t pay income taxes.
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Tax preparer H&R Block Inc.  said the subprime mortgage unit it is selling has lost a credit line, lowering its borrowing capacity closer to the minimum needed for the sale to go through.
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The U.S. Internal Revenue Service said  on Thursday it may restrict tax preparers such as H&R Block Inc   and Jackson Hewitt Tax Service Inc  from  offering refund loans to customers because doing so could  encourage fraud.
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The bill would allow the Federal Housing Administration to back refinanced loans for tens of thousands of borrowers who are delinquent on mortgage payments.
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Oklahoma City - The Internal Revenue Service is looking for more than 950 Oklahomans whose federal income tax refund checks totaling more than $741,000 were returned to the IRS as undeliverable by the Postal Service.