H&R Block Offers No-Interest Loans to Cash-Strapped Customers

In a continuing effort to find ways to secure the loyalty of its customer base, H&R Block has announced that it is offering 90 day no-interest loans on amounts ranging from $300 to $5,000 to help its customers who owe money to the IRS.

Block's Easy Pay balance-due loan is interest free if paid off by July 13, 2002. All outstanding loans will be assessed a finance charge retroactive to April 15, 2002.

"We wanted to provide the millions of taxpayers who will end up owing taxes with three months of interest-free breathing room," said Mark A. Ernst, president and chief executive officer of H&R Block Inc. "This should provide some immediate relief if they do not have enough available funds to cover a balance due."

The Easy Pay plan is intended to offer a no-cost alternative to other extended payment options, most notably setting up an installment plan with the IRS or charging amounts due to a credit card through Official Payments Corp.

You may like these other stories...

Savvy tax planning is about more than knowing what to write off. Just as essential is knowing when to take deductions. Choosing to stuff deductions into one tax year as opposed to another bears directly on how much winds up...
Tesco says it overstated profit forecastStanley Reed of the New York Times reported that Tesco, the large British grocery retailer, disclosed on Monday that it had overstated its expected half-year profit by about $400...
The IRS has announced the special per diem rates for 2014-15 that taxpayers can use for substantiating the amount of ordinary and necessary business expenses incurred while traveling away from home. The new per diem rates...

Already a member? log in here.

Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 21
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.