March 13, 2013 |
Some taxpayers splurge on big-screen televisions or pay off their credit cards with their tax refund, while others, like Brandon Frank, count on it to pay rent. The 25-year-old former construction worker from Michigan and father of three may have to wait as long as six weeks before he sees his refund, because of a filing error by H&R Block. "I was counting on it for rent," said Frank, who's been unemployed since October and is attending college. "I'm probably going to have to go to one of the cash-advance places, because the money I was expecting isn't there.
August 27, 2003 |
H&R Block Inc., the world's biggest tax-preparation company, recorded a profit in its fiscal first quarter for the first time in seven years as it expanded in mortgage lending. Net income was $10.6 million, or 6 cents a share, for the three months through July, the Kansas City, Mo.-based company said. The results contrast with a loss of $9.5 million, or 5 cents, a year earlier. Revenue rose 15% to $495 million. In the quarter, new loans rose 58% to $5.3 billion.
August 30, 2006 |
A federal judge has approved a $39-million settlement in a long-running class-action lawsuit against H&R Block Inc. by customers who claimed they paid too much for refund anticipation loans. "I conclude that the settlement in this case is fair and reasonable," U.S. District Judge Elaine E. Bucklo said in an order issued Monday approving the third effort to reach a settlement in the suit, which has dragged on since 1998.
December 9, 2008 |
H&R Block Inc. said its fiscal second-quarter loss shrank as improvement in its off-season tax service was offset by losses in its banking division. The nation's largest tax preparer reported losing $135.9 million, or 41 cents a share, during the quarter ended Oct. 31. By comparison, the Kansas City company lost $502.3 million, or $1.55 a share, a year earlier. The loss from continuing operations narrowed to $133.2 million, or 40 cents a share, from $134.9 million, or 42 cents a share.
May 27, 1999 |
The growth strategy of tax-preparation giant H&R Block Inc. is rankling some of its oldest and largest franchisees, prompting them to go to court. In a lawsuit filed in a Kansas circuit court, 24 franchisees claimed that Kansas City-based H&R Block is unfairly competing with them and breaching long-standing contractual agreements by distributing tax-preparation software on the Internet and through retail outlets.
March 1, 2001 |
A federal judge barred H&R Block, the nation's largest income tax preparer, from using misleading phrases to advertise its Rapid Refund loan program and ordered it to pay more than $500,000 to an upstart rival. U.S. District Judge Raymond Jackson in Norfolk, Va., accused H&R Block of deliberately and maliciously using deceptive advertising to draw customers in the Hampton Roads, Va., area just as a competing tax preparation service was launching its business there.