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The Failure to File Penalty is equal to 5% of the unpaid taxes each month or partial month that a return is late. This penalty can reach up to 25% of your unpaid taxes.
The lawsuit against H&R Block comes barely a month after the FTC cracked down on TurboTax maker Intuit Inc., claiming the tax prep company misled consumers through its ads for "free" tax products ...
Another familiar name in the tax-preparation game, H&R Block’s online software offers many helpful features, such as importing your income information from your prior year’s tax return, even ...
The H&R Block logo. H&R Block Tax Software, formerly called H&R Block at Home, is a set of software packages for American income tax preparation offered by H&R Block. They are a main competitor of TurboTax and TaxAct. [1] As of 2014, both the online and software versions of the product go by the flagship name, H&R Block. [2]
TurboTax is a market leader in its product segment, competing with H&R Block Tax Software and TaxAct. [1] TurboTax was developed by Michael A. Chipman of Chipsoft in 1984 and was sold to Intuit in 1993.
Form 1040-X (officially, the "Amended U.S. Individual Tax Return") is used to make corrections on Form 1040, Form 1040A, and Form 1040EZ tax returns that have been previously filed (note: forms 1040-A and 1040-EZ were discontinued starting with tax year 2018, but a 1040X may still be filed amending one of these tax forms filed for previous years).
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