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John Hewitt purchased Mel Jackson's Tax Service and began to offer refund anticipation loans in 1988, building a national franchise out of the idea: Jackson Hewitt Tax Service. In 1989 H & R Block joined in, coopting into thousands of accounting firms and tax practices across the United States and becoming a billion-dollar industry.
Jackson Hewitt was founded in 1982 by John Hewitt with a variety of investors who purchased the six-location, Norfolk, Virginia-based Mel Jackson's Tax Service and renamed it Jackson Hewitt. [6] For the next few years, the company grew slowly, adding a handful of additional outlets.
As our comparison of Jackson Hewitt vs. H&R Block shows, Jackson Hewitt is cheaper for in-person filing and it may also be less expensive for online filing if you have more than just a basic return.
The company set aside $2.45 million in restitution for customers if they purchased a "refund anticipation loan" or a "refund anticipation check" through H&R Block between January 1, 2001 and December 31, 2008. In addition, H&R Block agreed to pay $500,000 in penalties and $1.9 million in fees and costs.
More than 4 million Americans gouged by credit repair companies including Lexington Law and CreditRepair.com will soon collectively receive $1.8 billion in refund checks, the Consumer Financial ...
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