IRS may restrict tax refund loans; H&R Block falls
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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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Anyone who sells anything for profit owes income tax on it. But in practice, for auctions on eBay and other Web sites, the I.R.S. is interested in enforcing the rules for high-volume sellers.
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Congress wanted to help survivors. But IRS rules could get in the way.
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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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At tax time you can find lots of advice on how to boost your deductions or credits. People are focused mostly on getting as much money back from the government as possible.
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H&R Block Inc said on Thursday the sale of its Option One Mortgage Corp. subprime lending unit may fall apart, as credit markets deteriorate and after its quarterly loss more than doubled.
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It's tax time -- again. Whether you do your own return or hire a preparer, knowing the twists and turns in the tax code can help trim what you owe or boost a refund.
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The Internal Revenue Service is looking for a few taxpayers -- no it is not for overdue taxes -- the agency says it has nearly $767,000 in tax refund checks that could NOT be delivered to about 1,096 Alabamians.
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As tax day approaches, about 70 percent of U.S. consumers think Uncle Sam owes them - and they already have plans for their tax refunds, according to a retail industry survey.
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A day after H&amp;R Block Inc. (HRB.N: Quote, Profile, Research) reported its first-quarter loss some analysts wondered if the largest US tax preparation firm would consider selling its brokerage business.
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H&R Block Inc. , the largest U.S. tax preparer, on Thursday posted a fourth-quarter loss on the depressed value of a mortgage unit slammed by deterioration in the U.S. subprime market.
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Here's a new approach to tax season: Slow down.
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Congress gave final approval yesterday to a bill that would protect about 20 million households from a tax increase caused by the alternative minimum tax, but the legislation passed so late in the year that 15 million Americans will probably have to wait longer than usual to get their refunds in...
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When the tax bill is coming due, it can pay to sell low.
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More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday
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Hundreds of thousands of families may lose their tax credits if they do not submit their renewal forms this week.
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Americans eligible for tax rebates of $300 to $1,200 under the new fiscal stimulus act will not receive their payments until they file a 2007 income tax return, even if they make too little to owe any taxes, the Internal Revenue Service said on Wednesday.