H&R Block Botches Its Own Taxes

Bill Sjostrom —  23 February 2006

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.

In Taxes, Truth on the Market
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3 responses to H&R Block Botches Its Own Taxes

  1. 
    Geoffrey Manne 24 February 2006 at 9:02 am

    Exactly!

  2. 
    Bill Sjostrom 24 February 2006 at 5:00 am

    It’s like a song about irony with lines that aren’t ironic.

  3. 
    Geoffrey Manne 23 February 2006 at 9:34 pm

    Except it’s, you know, actually ironic.