Saturday, February 25, 2006

H&R Block botched own taxes

For those of you unfamiliar with H&R Block, they are a company who will do your taxes for you. Yes, this story is that fucking funny.

Marketing experts say a $32 million tax mistake by H&R Block could drive away potential customers.

You think?

Shares of H&R Block fell $2.18, or almost 9 percent, to close at $23.01 Friday. The company on Thursday reported a 68 percent drop in third-quarter profits, and executives told analysts they were lowering their earnings expectations for the year.

Well, would you use a security agency that kept getting robbed?

The company also said it was restating earnings for 2005 and 2004 after discovering it had made a mistake in determining its state income tax rates.

Somebody will be on the unemployment line Monday morning.


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