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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The Internal Revenue is sitting on $1.1 million in tax refund checks waiting to be claimed by taxpayers who live in Ohio. In Kentucky, commonwealth taxpayers are missing out on $373,500, according
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The Internal Revenue Service is looking for more than 600 Arkansans whose federal income tax refund checks totaling almost $424,000 were returned to the IRS as undeliverable by the Postal Service.
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The Internal Revenue Service has over $73 million in undeliverable refund checks. The reason? The agency has the wrong address for the taxpayers due the money.
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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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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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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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The looming political battle over  how to reform the tangled U.S. income tax code could get ugly.  But one option, a tax aimed at boosting savings, holds promise.
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Tens of thousands of families who were forced to pay back tax credits they were given in error could be entitled to a refund, Conservatives claim.
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Unless Congress acts soon to prevent a special "millionaires" tax from hitting middle-income families, as many as 50 million taxpayers, or 37 percent of the total, will face an unexpected tax increase, a delay in receiving refunds or a delay in having their tax return processed.
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MILWAUKEE - More than 700 Wisconsin residents haven&#39;t received federal tax refunds worth a total of more than $479,000 because the checks were returned to the Internal Revenue Service as undeliverable.
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(Corrects third paragraph to reflect that write-down will affect previously reported earnings)     NEW YORK  - H&R Block Inc.,  the largest U.S. income tax preparer, said on Tuesday it was delaying filing its quarterly results with regulators after turmoil in the subprime mortgage market forced it to write down assets at its Option One Mortgage Corp. unit.
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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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Some people don&#39;t think about federal income taxes until the first week of April. Others jump on them in late January, as soon as their W-2s show up in the mail.
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Starting Monday, it's going to get much riskier to fib about your income when you apply for a home mortgage.
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H&R Block looks to put its subprime woes behind it.
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H&R Block Inc , the largest  U.S. tax preparer, said it was trying to renegotiate the sale  of its Option One Mortgage Corp unit and would get out subprime  lending after its quarterly loss more than doubled.