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BUSINESS
November 20, 1997 | Bloomberg News
HFS Inc. said it agreed to buy rapidly growing tax-preparation company Jackson Hewitt Inc. for $480 million in cash. Virginia Beach, Va.-based Jackson Hewitt, whose stock has surged about seventeenfold over the last year, plans to double the number of its offices this year, to about 1,900. The HFS offer of $68 a share represents a 32% premium over Jackson Hewitt's Tuesday closing price of $51.50. Jackson Hewitt said its board rescinded its previously announced 2-for-1 stock split. Parsippany, N.
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BUSINESS
June 6, 2007 | From the Associated Press
The federal government has widened its probe into whether the nation's No. 2 tax-return preparer helped customers file fraudulent returns to get bigger refunds. One large franchisee of Jackson Hewitt Tax Services Inc. was accused of fraud two months ago, and the company hired a former Internal Revenue Service commissioner to review the allegations.
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BUSINESS
April 7, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
In the tax preparation business, thR Block Inc. and there's everyone else. No tax service company comes close in size to Block, whose empire spans 9,000 offices worldwide. But with this year's April 15 tax-filing deadline only a week away, the only other two national chains are battling for the No. 2 spot in the market. Triple Check Income Tax Service Inc., based in Burbank, and Jackson Hewitt Inc., based in Virginia Beach, Va., are vying to be the Avis of tax services.
BUSINESS
April 11, 2007 | From Bloomberg News
Jackson Hewitt Tax Service Inc., the second-largest U.S. tax preparer, said Tuesday it would stop offering "pre-season" tax-refund anticipation loans that some state officials and consumer advocates said took advantage of low-income taxpayers. Finance companies that helped the firm provide the loans left the business and Jackson Hewitt decided to follow suit, the Parsippany, N.J.-based company said.
BUSINESS
March 4, 1993 | From Associated Press
There's a new kid trying to muscle in on H&R's block. While still a distant second to the well-known Kansas City-based tax preparer, Jackson Hewitt Tax Service has been rapidly expanding its offices and increasing the number of returns it prepares each year. John T. Hewitt, chief executive officer of parent Jackson Hewitt Inc., says he hopes to further close the gap between his firm and H&R Block Inc. with a planned $10-million to $15-million public stock offering later this summer.
BUSINESS
April 8, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
In the tax-preparation business, there's H & R Block Inc. and there's everyone else. No tax service company comes close in size to Block, whose empire spans 9,000 offices worldwide. But with this year's April 15 tax-filing deadline only a week away, the only other two national chains are battling for the No. 2 spot in the market. Triple Check Income Tax Service Inc., based in Burbank, and Jackson Hewitt Inc., based in Virginia Beach, Va., are vying to be the Avis of tax services.
BUSINESS
June 22, 2004 | From Bloomberg News
Jackson Hewitt Tax Service Inc., the second-largest U.S. tax preparation service, went public at $17 a share on Monday, below the expected range of $18 to $20. The company's parent, Cendant Corp., sold 37.5 million shares, raising $638 million for itself. Jackson Hewitt won't receive any of the proceeds. The stock will begin trading today on the New York Stock Exchange under the symbol JTX.
BUSINESS
June 6, 2007 | From the Associated Press
The federal government has widened its probe into whether the nation's No. 2 tax-return preparer helped customers file fraudulent returns to get bigger refunds. One large franchisee of Jackson Hewitt Tax Services Inc. was accused of fraud two months ago, and the company hired a former Internal Revenue Service commissioner to review the allegations.
BUSINESS
April 11, 2007 | From Bloomberg News
Jackson Hewitt Tax Service Inc., the second-largest U.S. tax preparer, said Tuesday it would stop offering "pre-season" tax-refund anticipation loans that some state officials and consumer advocates said took advantage of low-income taxpayers. Finance companies that helped the firm provide the loans left the business and Jackson Hewitt decided to follow suit, the Parsippany, N.J.-based company said.
BUSINESS
April 7, 1992 | JAMES F. PELTZ
What do professional tax preparers think of the flat tax idea proposed by presidential candidate Jerry Brown? Not surprisingly, not much. "The more you simplify something, the more unfair it is," complained John Hewitt, president of Jackson Hewitt Inc. "It's basically unfair to charge people the same rate." Of course, a flat tax would also make it less likely that taxpayers would need professionals such as Hewitt to help them understand the tax laws and to prepare their personal tax returns.
BUSINESS
June 22, 2004 | From Bloomberg News
Jackson Hewitt Tax Service Inc., the second-largest U.S. tax preparation service, went public at $17 a share on Monday, below the expected range of $18 to $20. The company's parent, Cendant Corp., sold 37.5 million shares, raising $638 million for itself. Jackson Hewitt won't receive any of the proceeds. The stock will begin trading today on the New York Stock Exchange under the symbol JTX.
BUSINESS
November 20, 1997 | Bloomberg News
HFS Inc. said it agreed to buy rapidly growing tax-preparation company Jackson Hewitt Inc. for $480 million in cash. Virginia Beach, Va.-based Jackson Hewitt, whose stock has surged about seventeenfold over the last year, plans to double the number of its offices this year, to about 1,900. The HFS offer of $68 a share represents a 32% premium over Jackson Hewitt's Tuesday closing price of $51.50. Jackson Hewitt said its board rescinded its previously announced 2-for-1 stock split. Parsippany, N.
BUSINESS
March 4, 1993 | From Associated Press
There's a new kid trying to muscle in on H&R's block. While still a distant second to the well-known Kansas City-based tax preparer, Jackson Hewitt Tax Service has been rapidly expanding its offices and increasing the number of returns it prepares each year. John T. Hewitt, chief executive officer of parent Jackson Hewitt Inc., says he hopes to further close the gap between his firm and H&R Block Inc. with a planned $10-million to $15-million public stock offering later this summer.
BUSINESS
April 8, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
In the tax-preparation business, there's H & R Block Inc. and there's everyone else. No tax service company comes close in size to Block, whose empire spans 9,000 offices worldwide. But with this year's April 15 tax-filing deadline only a week away, the only other two national chains are battling for the No. 2 spot in the market. Triple Check Income Tax Service Inc., based in Burbank, and Jackson Hewitt Inc., based in Virginia Beach, Va., are vying to be the Avis of tax services.
BUSINESS
April 7, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
In the tax preparation business, thR Block Inc. and there's everyone else. No tax service company comes close in size to Block, whose empire spans 9,000 offices worldwide. But with this year's April 15 tax-filing deadline only a week away, the only other two national chains are battling for the No. 2 spot in the market. Triple Check Income Tax Service Inc., based in Burbank, and Jackson Hewitt Inc., based in Virginia Beach, Va., are vying to be the Avis of tax services.
BUSINESS
March 29, 1994 | H. G. REZA
Accounting: Money magazine surveys of professional preparers show a lack of both uniformity and accuracy of results. If you are among the one in two Americans who prepare their own income tax return each year and are having trouble understanding the new tax laws for 1994, you are not alone. In fact, you are not even unusual. Keith Kimball, Internal Revenue Service spokesman in Los Angeles, said the current two-volume tax code is four inches thick.
BUSINESS
March 29, 1994 | H.G. REZA, TIMES STAFF WRITER
David W. Lieberman, president of Triple Check Income Tax Service, has made no secret of his desire to steal away some of the "zillions" of taxpayers who patronize industry leader H & R Block Inc. every year. Although Triple Check officials joke about stealing customers away from Kansas City-based Block, they also know that at best Triple Check can only claim to be the Avis of the tax-preparation business.
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