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H&R Block stands behind all of its tax preparation software, including H&R Block Free Online, with a maximum refund guarantee, professional audit support and a promise of 100% accuracy. As with ...
Settling a lawsuit by the L.A. city attorney's office, H&R Block agrees to pay up to $1.6 million to taxpayers who allegedly were steered into paid services.
Specifically, the bill “directs the Internal Revenue Service (IRS) to establish a Community Volunteer Income Tax Assistance Matching Grant Program to provide matching funds for the development, expansion, or continuation of tax preparation programs to assist low-income taxpayers and members of under-served populations.”
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.
The loan term was usually about two to three weeks, related to the time it took the U.S. Internal Revenue Service to deposit refunds in electronic accounts. The loans were designed to make the refund available in as little as 24 hours. They were secured by a taxpayer's expected tax refund, and designed to offer customers quicker access to funds.
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Block, Inc. (formerly Square, Inc. [10]) is an American technology company offering financial services to consumers and sellers. [11] [12] [13] Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems.