H&R Block’s Taxes

It can’t be good news when H&R Block messes up its own taxes. Here’s the 8-K report:

The restatement pertains primarily to errors in determining the Company’s state effective income tax rate for the fiscal quarters ended October 31, 2005 and July 31, 2005, fiscal years ended April 30, 2005 and 2004 and the fiscal quarters for fiscal years 2005 and 2004. These errors resulted in a cumulative understatement of state income tax liability (net of federal income tax benefit) of approximately $32 million as of April 30, 2005.

Posted by on March 1st, 2006 at 11:02 am


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