Thursday, February 23, 2006

H.& R. Block Tax Trouble

H&R Block (HRB) announced a restatement of its 2005 earnings. The company, which prepares the tax returns of one out of every nine American taxpayers, needed some some tax help of its own, though. Because of errors in computing its own taxes, HRB understated its tax by $32 million or $0.07 per share.
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