H&R Block (ticker: HRB, exchange: New York Stock Exchange (.N))
News Release -
H&R Block's New Online `Drop-off' Service Revolutionizes Tax Preparation; It's Fast, Easy and a Tax Professional Does All the Work -- You Never Have to Leave the House
KANSAS CITY, Mo.--(BUSINESS WIRE)--Jan. 11, 2005--H&R Block (NYSE:
HRB), America's tax expert for 50 years, today launches a new online
product that will revolutionize tax preparation.
Available exclusively at hrblock.com, the new Online Drop-off
service is ideal for busy taxpayers who want professional tax
preparation, but who don't have the time to visit an office. Online
Drop-off is a unique combination of online convenience and
professional preparation, with the advantage of working with a trusted
professional from H&R Block's nationwide network of tax professionals.
Facing tax law changes and increasing tax complexity, more and
more taxpayers are seeking professional assistance -- the number of
professionally prepared returns increased by about 4 million between
2002 and 2004, according to the Internal Revenue Service (IRS). Online
Drop-off addresses this need by delivering full professional tax
preparation via the Internet. The tax professional communicates with
the client via email, chat or telephone until the tax return is
Online Drop-off service is one of several new additions to
www.hrblock.com, which today launches the Web's broadest range of tax
products, services and free tools -- all designed to make tax
preparation fast and easy, while helping the taxpayer get every
possible credit and deduction.
"Our Web site is the ultimate tax-related destination because it
offers a comprehensive range of products and services available to
assist all taxpayers -- from the first-time user to a person with a
highly complex return," said Kristin Gambill H&R Block's director of
online tax products. "The site provides plenty of free tools and
advice that make tax preparation quick, easy and accurate."
Just arrived - exclusive to hrblock.com:
- Premium States uncovers credits or deductions you didn't know
existed, but could save you hundreds of dollars on your tax
bill. Featuring videos and chat, e-mail or telephone
consultations with live tax professionals, Premium States
helps clients take advantage of obscure credits and deductions
specific to their state. For example, New Yorkers will be
alerted to the state's Earned Income Tax Credit, New York
Household Credits and the New York City School Tax Credit.
- The Signature program provides validation for
do-it-yourselfers who want to feel connected to their taxes
and finances, but who also want a tax professional to ensure
their returns are accurate and they have taken advantage of
all possible credits and deductions. Signature clients
complete a simple online interview to do their taxes, then
send the return to a tax professional who checks for errors,
signs and e-files the return to the IRS, thereby guaranteeing
its accuracy and providing professional assistance in the
event of an IRS audit.
BONUS: FREE Tax Forms Center and Resources at hrblock.com
In addition to the new online products, hrblock.com also features
a tax forms center and FREE resources designed to help pen-and-paper
taxpayers with their returns. Located under Advice and Learning on the
hrblock.com home page, the Tax Forms Center helps do-it-yourself
taxpayers select the appropriate tax forms and save money on their
taxes by using the following tools and information:
- Smart Calculators - Budget, College, Retirement, Savings and
Paycheck calculators answer the simplest to the most complex
questions and also help users plan for the future by providing
plainspoken and actionable advice.
- Educators & Planners - These tools explain financial issues
and help users develop plans for budgeting, saving, managing
credit, home-buying, paying for college, estate and retirement
planning, and more.
- Life Events & Stages - A comprehensive list of life events
shows users how a first job, first home, first child, and
other key life events can change their taxes and finances.
- "Tax Planning 101" - A series of tools and information that
offers users what they need to know about filing status and
rates, dependents and family, important tax dates, and
end-of-year tax tips.
"Our Web site delivers tax and financial expertise in plain
English to help do-it-yourself taxpayers -- from those with the
simplest to the most complex tax returns -- get the maximum refund
while understanding their taxes and finances," Gambill said.
Only H&R Block combines the speed and convenience of technology
with the experience and expertise that come with 50 years as America's
premier tax company.
About H&R Block
H&R Block Inc. (NYSE: HRB)(www.hrblock.com) is a diversified
company with subsidiaries that deliver tax services and financial
advice, investment and mortgage services, and business accounting and
consulting services. H&R Block empowers clients to make tax and
financial decisions by providing a unique combination of tax services,
financial information and advice, and related products and services.
The company's mission is to help clients achieve their tax and
financial objectives by serving as their tax and financial partner.
As the world's largest tax services company, in 2004 H&R Block
served more than 21 million clients in the U.S. and 12 countries.
CONTACT: H&R Block Inc.
Tom Linafelt, 816-932-8418
SOURCE: H&R Block Inc.