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	<title>Stock Blog Hub &#187; JTX</title>
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		<title>(HRB) If the Tax Cuts are Extended, Who Benefits?</title>
		<link>http://www.stockbloghub.com/2010/08/19/hrb-if-the-tax-cuts-are-extended-who-benefits/48522</link>
		<comments>http://www.stockbloghub.com/2010/08/19/hrb-if-the-tax-cuts-are-extended-who-benefits/48522#comments</comments>
		<pubDate>Thu, 19 Aug 2010 16:27:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[INTU]]></category>
		<category><![CDATA[Intuit Inc.]]></category>
		<category><![CDATA[Jackson Hewitt Tax Service Inc]]></category>
		<category><![CDATA[JTX]]></category>

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		<description><![CDATA[One of the biggest topics on the agenda when Congress gets back from its summer vacation is going to be: What to do about the Bush Tax cuts that are going to expire. The GOP has argued that we need to keep all of them in place. The Obama administration has called for repealing them just for those that are making over $200,000 a year as individuals or $250,000 per year for couples. The Chart below (from Ezra Klein at The Washington Post) shows the relative size of the tax cuts that will happen under the two plans as opposed to simply following the existing law and letting all the tax cuts go to the great beyond. Relative to the existing law, everyone benefits (other than the U.S. Treasury) under ]]></description>
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		<title>(INTU) Internal Revenue Service Plans to Regulate Tax Preparers</title>
		<link>http://www.stockbloghub.com/2010/01/08/irs-internal-revenue-service-plans-to-regulate-tax-preparers/24451</link>
		<comments>http://www.stockbloghub.com/2010/01/08/irs-internal-revenue-service-plans-to-regulate-tax-preparers/24451#comments</comments>
		<pubDate>Fri, 08 Jan 2010 20:31:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Real Estate Development]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[INTU]]></category>
		<category><![CDATA[Intuit Inc.]]></category>
		<category><![CDATA[Jackson Hewitt Tax Service Inc]]></category>
		<category><![CDATA[JTX]]></category>

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		<description><![CDATA[The Internal Revenue Service (IRS) plans to regulate the U.S tax preparers from the 2011 tax season. This includes mandatory registration, competency testing and continuing education requirements for tax preparers. Tax preparers, such as H&#38;R Block Inc. (HRB) and Jackson Hewitt Tax Service Inc. (JTX) may need to satisfy these requirements. According to the IRS, over 80% of Americans use a tax preparer or tax software for filing their tax returns. The new regulation is intended to standardize the tax preparer market and take actions against any misconduct by them. According to the IRS new proposal, all paid tax preparers are required to sign a federal tax return to register with the IRS and get a preparer tax identification number. Additionally, the tax preparers must pass the competency test and ]]></description>
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		<title>(HRB) H&amp;R Block Settles IRA Lawsuit</title>
		<link>http://www.stockbloghub.com/2010/01/06/hrb-hr-block-settles-ira-lawsuit/24325</link>
		<comments>http://www.stockbloghub.com/2010/01/06/hrb-hr-block-settles-ira-lawsuit/24325#comments</comments>
		<pubDate>Thu, 07 Jan 2010 00:21:18 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[Jackson Hewitt Tax Service Inc]]></category>
		<category><![CDATA[JTX]]></category>

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		<description><![CDATA[H&#38;R Block Inc. (HRB) has settled a lawsuit that alleged the company of fraudulently marketing its Express Individual Retirement Account (Express IRA) product that had hidden fees and low interest rates. New York Attorney General Andrew Cuomo said that over 600,000 Express IRA accounts were opened since 2000. Cuomo alleged that around 85% of the customers ended up with losing money as the fees charged by the company was more compared to the interest paid by it. Customers who closed those accounts incurred additional undisclosed fees. Cuomo also claimed that senior managers at H&#38;R Block were aware of the fact that many of its Express IRA customers were losing money on the IRAs, though no actions were being taken on the company’s behalf. H&#38;R Block has agreed to refund between ]]></description>
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		<title>(HRB) H&amp;R Block Beats Consensus Estimates</title>
		<link>http://www.stockbloghub.com/2009/12/08/hrb-hr-block-beats-consensus-estimates/22226</link>
		<comments>http://www.stockbloghub.com/2009/12/08/hrb-hr-block-beats-consensus-estimates/22226#comments</comments>
		<pubDate>Tue, 08 Dec 2009 18:35:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[Jackson Hewitt Tax Service Inc]]></category>
		<category><![CDATA[JTX]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22226</guid>
		<description><![CDATA[H&#38;R Block Inc.’s (HRB) second quarter (ended Oct. 31) results were two cents ahead of the Zacks Consensus Estimate. For the quarter, the company reported a net loss from continuing operations of 38 cents per share compared to the Zacks Consensus loss estimate of 40 cents. The company had reported a loss of 40 cents in the year-ago quarter. Improved results in Tax Services and lower mortgage loan loss provisions were partially offset by reduced profits from Business Services. The company has also benefited from its cost containment initiatives. As a result of the seasonality in the business, the company usually reports a loss in the second quarter. Consolidated net loss for the quarter, which includes results from discontinued operations, improved to $128.6 million or 38 cents per share compared ]]></description>
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		<title>(HRB) H&amp;R Block Misses Estimates</title>
		<link>http://www.stockbloghub.com/2009/09/08/hrb-hr-block-misses-estimates/14572</link>
		<comments>http://www.stockbloghub.com/2009/09/08/hrb-hr-block-misses-estimates/14572#comments</comments>
		<pubDate>Wed, 09 Sep 2009 00:55:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[H&R Block]]></category>
		<category><![CDATA[HRB]]></category>
		<category><![CDATA[Jackson Hewitt Tax Service Inc]]></category>
		<category><![CDATA[JTX]]></category>

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		<description><![CDATA[H&#38;R Block Inc.’s (HRB) first quarter (ended July 31) results were two cents below the Zacks Consensus Estimate as higher losses in its Tax Services segment more than offset the gains from improved pre-season results from Business Services and lower corporate expenses. For the quarter, the company reported a net loss from continuing operations of 39 cents per share compared to the Zacks Consensus loss estimate of 37 cents. Revenues were up 1.3% year-over-year to $275.5 million. Tax Services revenues increased 7.7% year-over-year to $88.0 million. Favorable results from the company’s Australian tax operations resulted in a 14.2% increase in tax preparation fees. However, expenses were high due to the Southwest franchise acquisition, severance costs and increased expenses for information technology projects to prepare for the forthcoming tax season. As ]]></description>
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