H.D. Vest Financial Services will no longer offer its free online tax preparation services, the company stated in a recent press announcement. Those who filed their tax returns using the free online service will continue to have access to their online information for three years after the filing date of the tax return.
The free service was created with the hope of driving business to the other financial services offered by H.D. Vest, however the referral service was not as significant as expected.
Not only will the free tax service be discontinued, but H.D. Vest does not plan to continue developing its tax program for future years. The company may offer a third-party tax service through its Web site, but no decision in that area has yet been made.