H&R Block, the leading U.S. tax preparer, announced today in this press release that it will restate results for fiscal 2004 and 2005. “The restatement pertains principally to errors in determining the company’s state effective income tax rate, resulting in a cumulative understatement of its state income tax liability of approximately $32 million as of April 30, 2005.” It’s like rain on your wedding day.
H&R Block Botches Its Own Taxes
Bill Sjostrom, H&R Block Botches Its Own Taxes, Truth on the Market (February 23, 2006), https://truthonthemarket.com/2006/02/23/hr-block-botches-its-own-taxes/
