H&R Block Goofs On Its Own Taxes - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Free Your Mind > Free Your Mind Archive
Thread Tools Search this Thread Display Modes
Old 02-24-2006, 12:33 PM   #1
Rock n' Roll Doggie
Utoo's Avatar
Join Date: Jan 2005
Location: Lovetown
Posts: 8,343
Local Time: 05:09 AM
H&R Block Goofs On Its Own Taxes

Thought I'd bring some levity to FYM...

H&R Block Goofs on Its Taxes

TaxCut maker restates its results after discovering it miscalculated its state income taxes by $32 million.

February 24, 2006

Shares of H&R Block fell on Friday after the tax preparation and software provider admitted it had miscalculated its own state income taxes, understating its liabilities by $32 million as of April 30, 2005.

The Irvine, California-based maker of TaxCut software said Thursday it would need to restate its fiscal year 2004 and 2005 results, as well as its previously reported results for fiscal 2006.

Utoo is offline  
Old 02-24-2006, 01:37 PM   #2
Blue Crack Addict
verte76's Avatar
Join Date: May 2002
Location: hoping for changes
Posts: 23,331
Local Time: 09:09 AM

verte76 is offline  
Old 02-24-2006, 01:48 PM   #3
Blue Crack Addict
nbcrusader's Avatar
Join Date: Aug 2002
Location: Southern California
Posts: 22,070
Local Time: 02:09 AM
More on H&R Block's problems

"It wasn't particularly material," said Alexander Paris, an analyst at Barrington Research in Chicago. "And it's not particularly unusual. A lot of companies are going back and reviewing their controls because of Sarbanes-Oxley and finding tax errors. But for a company like H&R Block, it was particularly embarrassing."
nbcrusader is offline  
Old 02-24-2006, 02:00 PM   #4
Blue Crack Overdose
Get me off the internetz!
Carek1230's Avatar
Join Date: Nov 2002
Location: wishing I was somewhere else....
Posts: 108,405
Local Time: 02:09 AM

Carek1230 is offline  
Old 02-24-2006, 09:57 PM   #5
Blue Crack Addict
the rockin edge's Avatar
Join Date: Aug 2003
Location: tomorrow's just an excuse away
Posts: 26,816
Local Time: 03:09 AM
great ad for the company
the rockin edge is offline  
Old 02-24-2006, 10:11 PM   #6
love, blood, life
one4u2's Avatar
Join Date: Jul 2004
Location: Bono's Sleeves
Posts: 12,539
Local Time: 04:09 AM

one4u2 is offline  
Old 02-24-2006, 10:49 PM   #7
Rock n' Roll Doggie
Se7en's Avatar
Join Date: Feb 2001
Location: all around in the dark - everywhere
Posts: 3,531
Local Time: 04:09 AM
at least they admitted it and are making the necessary changes. seems commendable enough.
Se7en is offline  
Old 02-24-2006, 11:06 PM   #8
Rock n' Roll Doggie
trevster2k's Avatar
Join Date: Jan 2001
Posts: 4,330
Local Time: 05:39 AM
great fodder for a competitor to use in ad campaign
trevster2k is offline  
Old 02-26-2006, 02:53 AM   #9
Blue Crack Addict
U2Girl1978's Avatar
Join Date: Jan 2005
Location: At the altar of the dark star
Posts: 19,371
Local Time: 05:09 AM
I've used H&R Block for about 5 yrs now and after what they did this tax year I won't be using them anymore.

U2Girl1978 is offline  

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT -5. The time now is 04:09 AM.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com