August 31, 2007 |
H&R Block Inc. said Thursday that the sale of its Option One Mortgage Corp. sub-prime lending unit might fall apart because of deteriorating credit markets and a quarterly loss that more than doubled. The largest U.S. tax preparer said that Option One planned to stop offering sub-prime home loans and that private equity firm Cerberus Capital Management might buy just the loan servicing business, after agreeing in April to buy the entire unit. H&R Block, based in Kansas City, Mo.
February 11, 2013 |
Derrick Bean filed his income taxes at an H&R Block office in Los Angeles this month, and the 26-year-old left with something unexpected: a price quote on federally subsidized health insurance. Using the information from his 2012 return, a tax advisor told the actor and waiter that he would qualify for significant government help and pay only about $65 a month in premiums under the federal healthcare law. If he skips coverage, H&R Block warned him, he faces a $95 tax penalty next year and $356 the following year.
January 19, 2006
* Six Flags Inc. named Jeffrey Speed chief financial officer. He had been chief financial officer at Euro Disney. * Mountain View, Calif.-based Intuit Inc. agreed to revise an ad campaign for its TurboTax software that competitor H&R Block Inc. said was misleading.
June 19, 1997
H&R Block Inc.'s Block Financial Corp. unit has completed its acquisition of Option One Mortgage Corp., a Santa Ana-based provider of mortgages to lenders with poorer credit ratings. H&R Block agreed in April to buy Option One from Fleet Financial Group Inc. for $190 million.
January 27, 2009 |
Mark Ernst, who left the top job at tax preparer H&R Block Inc. after the company suffered more than $1 billion in losses tied to subprime lending by its mortgage unit, was named a deputy commissioner at the Internal Revenue Service. Ernst, 50, will oversee operations support, an IRS statement said.