December 27, 2014
H&R Block, Your Taxes, and ObamaCare
On December 9, business reporter Mark Davis posted an article up on the website of the Kansas City Star headlined “About 25 percent of H&R Block customers will ‘confront’ the Affordable Care Act”; the next day it appeared in the wood pulp version of the newspaper. Davis reported on a meeting in New York where H&R Block, the world’s largest tax services provider, told investor’s “that it sees the potential for significant growth in business thanks to the health care reform commonly called Obamacare.”
Inasmuch as Block bases “customer bills on the complexity of their returns, such as how many and which tax forms are involved,” does this mean that ObamaCare is going to make federal income taxes even more of a headache? For some taxpayers, the answer is yes (italics added):
There will be new tax forms to fill out, more documents to collect and more questions to answer, H&R Block chief financial officer Greg...(Read Full Article)