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	<title>LentPockets &#187; Software</title>
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		<title>H&amp;R Block Goofs</title>
		<link>http://www.lentpockets.com/2006/02/28/hr-block-goofs/</link>
		<comments>http://www.lentpockets.com/2006/02/28/hr-block-goofs/#comments</comments>
		<pubDate>Wed, 01 Mar 2006 00:39:01 +0000</pubDate>
		<dc:creator>bill</dc:creator>
				<category><![CDATA[Software]]></category>
		<category><![CDATA[Taxes]]></category>

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		<description><![CDATA[Red Herring reports that H&#38;R Block Goofs on Its Taxes, by understating its liabilities by $32,000,000. The tax preparation company &#8212; also responsible for the popular TaxCut software &#8212; says the error has been corrected. They worry that this could have a negative impact on sales. However, after the snafu in Block’s in-house tax preparation [...]]]></description>
			<content:encoded><![CDATA[<p>Red Herring reports that <em><a href="http://www.redherring.com/article.aspx?a=15850">H&amp;R Block Goofs on Its Taxes</a></em>, by understating its liabilities by $32,000,000.</p>
<p>The tax preparation company &#8212; also responsible for the popular <a href="http://www.amazon.com/exec/obidos/tg/detail/-/B000BMBLAA/mumeishi-20">TaxCut software</a> &#8212; says the error has been corrected. They worry that this could have a negative impact on sales.<br />
<blockquote><em>However, after the snafu in Block’s in-house tax preparation efforts, the best-selling tax prep software package, Intuit’s TurboTax, may see increased sales from customers who may decide not to buy Block’s TaxCut this year.</p>
<p>H&amp;R Block’s tax prep service competition, including chains such as Jackson Hewitt Tax Service, could also see increased business.</em></p></blockquote>
<p>No kidding? There&#8217;s always <a href="http://www.amazon.com/exec/obidos/tg/detail/-/B000B8K7SG/mumeishi-20">TurboTax</a>.</p>
<p>However, check out a reviews of TurboTax, TaxCut, and TaxAct. <a href="http://news.yahoo.com/s/ap/20060216/ap_on_hi_te/tech_test_tax_software_1">One</a> rates TaxCut highest, <a href="http://www.pcworld.com/news/article/0,aid,124395,00.asp">another</a> thinks TurboTax is best. Our thoughts? Well, TurboTax easily edges out TaxCut because of some serious <a href="http://digg.com/software/H_R_Block_exposes_Social_Security_Numbers_in_mailing">sloppiness</a> on the part of H&amp;R Block, exposing Social Security Numbers on a promotional mailing. That, not just the failure to file their own taxes correctly, is the most serious for users.</p>
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