Do you remember when Intuit and H&R Block sued each other? Well, H&R Block now has some egg on their face.
H&R Block admitted that they made some miscalculations on their own tax returns. They were only off by $32 million on their state income tax filings.
Of course, $32 million is a drop in the bucket for H&R Block. But announcing a tax miscalculation when you’re in the tax preparation business in the middle of tax season is too good to pass up (for me).
Call me strange but I do feel sorry for them – I guess it’s a huge company. Other companies make mistakes and come out okay and I would expect the same for them. The fact they disclosed what appeared to be something they found themselves seems admirable – especially considering the timing.