Saturday, February 25, 2006

BlockHeads (or: Everything's Out-of-Date at Kansas City (Corporate))

From TaxProf: "Interesting press release yesterday from H. R. Block: 'As part of its ongoing work to remediate internal control...The restatement pertains primarily to errors made in determining the company's effective state income tax rate, resulting in a cumulative understatement of state income tax liability of approximately $32 million on April 30 (ed.--Would April 1 be more appropriate?), 2005...' Nice to see a company live up to its promise: 'We ensure that you will benefit from every deduction and credit available to you...' ".

Oh, to have Scott Ott's ( skill at satire! The scary thing is--my wife and I are using TaxCut for our taxes this year. Guess I better double-check the results.


Blogger Stuff You Should Know said...

I can't say I disagree.

5:31 PM  

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