H&R Block Participates in Fast IRS Refund Program

Posted by accountingweb on Nov 19 1999 168 printer friendly

Kansas City-based H&R Block has joined one of several tax services participating in a new IRS pilot program offering faster refunds in exchange for more heavily scrutinizing taxpayer claims.

It's a win-win situation for both parties. Experts figure that Block and other services also will charge lower rates to file taxes should taxpayers want to participate based on a faster return on investment and time differences.

The Service calls the new program "Debt Indicator." Overall, the program is designed to ensure that taxpayers aren't delinquent on back taxes, student loans, child support and other forms of debt prior to issuing a refund.

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Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?

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