H&R Block Discount Tax Software
H&R Block (NYSE: HRB) is a tax preparation company in the United States that claims more than 22 million customers worldwide. They have offices in Canada, Australia and the United Kingdom. It is a Kansas City-based company that offers banking, personal finance and business consulting services for a variety of financial needs. They have professional tax preparation offices in most local US towns and cities.
HR Block Online Tax Software Editions
HR Block Free Edition
Best for the most basic simple tax situations
H&R Block At Home Free includes: Step-by-step guidance, Double-checks for errors, 1 federal e-file included. A simple return excludes self-employment income (Schedule C), rental and royalty income (Schedule E), farm income (Schedule F) and shareholder/partnership income or loss (Schedule K-1).
HR Block Basic
For those looking to complete a federal tax return at a great low price you'll find everything you need in H&R Block Basic At Home™. It Includes everything in the free edition, plus: 5 free federal e-files and Step-by-step guidance. It's easy for first-time users and quickly imports your W-2, 1099 and last year's information from TurboTax® and H&R Block At Home™ software making your data entry much more accurate and easy to complete.
HR Block Deluxe
Best for investors / homeowners: It's the right choice for those who have investments, own a home or make charitable donations. You'll find the tax guidance you need with H&R Block Deluxe At Home™, including everything from basic plus: Guaranteed accurate personalized tax guidance, Maximize mortgage interest and charitable deductions, Sale of stocks, bonds, and mutual funds, and Audit support from a tax professional when you file. Includes personalized tax guidance based on popular occupations, Assistance on investments and stock options and Advice for key tax benefits after life changes.
HR Block Premier
Best for self-employed / rental property owners: If you are self-employed or own rental property, you'll find the tax guidance you need with H&R Block Premium At Home™, including: everything from deluxe plus
1 live tax advice session from an H&R Block tax professional — a $19.95 value, Advanced Schedule C guidance to maximize deductions for self-employment income, Guidance for rental property income and expenses, Tax laws and planning resources, Advanced tax calculators,
HR Block Home and Business
This is the best choice when filing tax returns for your business and for yourself. You'll find the tax guidance you need to help accurately prepare your personal and business returns with H&R Block Premium & Business At Home™, including: Corporations and S corporations, Partnerships and LLCs, Estates and trusts, Non-profit returns, Payroll and employer forms, Vehicle deductions, asset depreciation, business expenses and personal expenses. Includes 5 free personal federal e-files.
Founded in 1955 by brothers Henry W. Bloch and Richard Bloch, Today it operates 12,500 retail tax offices in the United States, plus another 1,400 abroad. HRBlock offers its own consumer tax software called H&R Block at Home (formerly TaxCut), as well as online tax preparation and electronic filing from their website.
In fiscal year 2007, Block reported revenue of $4 billion and net income of $374.3 million. The company was ranked 467 in the Forbes 500 list of top U.S. companies in 2006. In mid-2007, Block had market capitalization of $6.45 billion.
Henry and Richard Bloch jointly ran their United Business Company, which focused on bookkeeping, but also did some income tax work for clients. They ran an ad in the newspaper for tax preparation back in January 1955. The next day, the brothers had an office full of tax clients, and H&R Block name was born.
In 1956, the Blochs decided to expand and picked New York City. Two local accountants took over this operation and agreed the Bloch brothers would get $10,000, plus royalties from the New York tax operation, creating the first H&R Block franchise tax office. The Bloch brothers chose to spell the name "Block" with a K to ensure the name is not mispronounced "blotch." In the following years, H&R Block grew quickly and went public in 1962, then opened its first tax training school in 1965 to meet the demand for skilled tax professionals at its franchise offices.
By 1986, H&R Block was handling more than 10 million tax returns each year and had opened offices in Canada and Australia. They then worked with the Internal Revenue Service to introduce electronic filing. Since then they have moved further into the digital realm with tax software and online tax preparation. Beginning in the 1990s, the company began to expand into the financial services arena, offering mortgage loans, banking, and business services.