H&R Block (ticker: HRB, exchange: New York Stock Exchange (.N))
News Release -
As April 15th Looms, H&R Block Offers 24 Hours of Free Tax AdviceTax Talk Line Open April 7; Call 877-HRBLOCK for Free "Taxpertise"KANSAS CITY, MO, Mar 31, 2009 (MARKET WIRE via COMTEX) -- With a recession in session, taxpayers are counting on every dollar
to make ends meet. Job layoffs, sunken stock prices and home
foreclosures are forcing many to tap into pension plans, walk away
from mortgages and hit the pavement looking for work.
And all of it affects their taxes -- with a deadline just around the
Not to worry. H&R Block (NYSE: HRB) has the answers -- fast and free.
Tax Talk Line -- Taxpayers' life line
On Tuesday, April 7, tax experts from H&R Block will offer 24 hours
of "taxpertise" -- tax advice for free. Anytime that day, taxpayers
can phone or email in their tough tax questions and get free, expert
advice. Just call 1-877-HRBLOCK (1-877-472-5625) or e-mail
firstname.lastname@example.org to connect with a tax expert.
These H&R Block tax specialists can help taxpayers wade through
issues like cancelled debt, first-time homebuyer credit, penalties
for early withdrawals from pension plans and other pressing issues.
-- My home was repossessed. Do I still have to pay taxes?
-- I bought a home for the first time -- but it has wheels -- do I still
qualify for that first-time homebuyer credit?
-- I'm traveling to job interviews far from home. What expenses can I
The Tax Talk Line will be open all day signaling the final-week
countdown for taxpayers to either file their taxes, an extension or
even an amendment.
The only constant, is change
"There were more than 500 tax code changes last year," said Amy
McAnarney, executive director of The Tax Institute at H&R Block. "No
wonder taxpayers have questions. With time running out this tax
season, now is the time for answers -- especially in today's sluggish
economy, with record-high unemployment rates and all the tax law
In fact, a recent survey by The Tax Institute showed that more than
70 percent of taxpayers were unaware of recent legislative changes
that could impact their bottom line at tax time.
The survey also showed:
-- Credit confusion. More than 60 percent of those surveyed weren't sure
if they could claim a credit or deduction they overlooked on a previous
return. (They can -- and that can spell big bucks for taxpayers.)
-- Unemployment confusion. Despite soaring jobless rates, 80 percent of
those surveyed are confused about whether unemployment benefits are
While H&R Block is open year-round to answer taxpayers' questions,
the Tax Talk Line offers advice in a hurry with last-minute tax tips
kicking off the final week of tax season.
"With the passing of the recent Recovery Act and so many tax law
changes last year, it's even more vital now to understand what it
takes to get every deduction and credit you are entitled," McAnarney
"The Recovery Rebate Credit, Making Work Pay Credit, first-time
homebuyer credit and tax implications of unemployment compensation are
just a few of the hottest topics on taxpayers' minds," McAnarney
The Tax Institute, a division of H&R Block, is a national leader in
providing unbiased research, analysis and interpretation of federal
and state tax laws. Staffed by Enrolled Agents, CPAs, and Attorneys,
The Tax Institute provides industry expertise for matters related to
taxes and the professional tax preparation industry.
About H&R Block
H&R Block Inc. (NYSE: HRB) is the world's preeminent tax services
provider, having served more than 400 million clients since 1955 and
generating annual revenues of $4.1 billion in fiscal year 2008. H&R
Block provides income tax return preparation and related services and
products via a nationwide network of approximately 13,000
company-owned and franchised offices and through TaxCut(R) online and
software solutions. The company also provides business services
through RSM McGladrey. For more information visit our Online Press
Center at www.hrblock.com.
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SOURCE: H & R Block