H&R Block swings to 4Q profit
By DAVID TWIDDY
,AP Business Writer
H&R Block Inc., the nation's largest tax preparer, said Monday it swung to a fourth-quarter profit, helped by a record-setting tax season and the sale of its troubled mortgage arm.
H&R Block Inc., the nation's largest tax preparer, said Monday it swung to a fourth-quarter profit, helped by a record-setting tax season and the sale of its troubled mortgage arm.
The House voted Wednesday to protect more than 20 million mostly upper-income taxpayers in danger of being slapped with a tax increase averaging $2,300 because of the alternative minimum tax.
The Internal Revenue Service, citing the drain that high gas prices are having on people's finances, said Monday it is raising the automobile mileage rate that businesses and others can claim.
Several readers have asked questions about their federal income tax and the Mississippi Development Authority grants.
The AARP Tax-Aide program offers free e-filing of federal and state returns to most Coast residents.