Bob Scott

Bob Scott

H&R Block Making House Calls

H&R Block is offering pick service for tax documents in three cities. The service is being offered in Detroit, Mich.,  Pittsburgh, Pa., and San Diego, Calif., to clients who can schedule pickups with Block associates.

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Tax Season Delay Hurts Block Results

The delayed tax season and a goodwill write down for its Wave operations led H&R Block to a sharp drop in earnings and revenue for the year ended April 30. Net income dropped 53.9 percent to $369 million for fiscal 2020, compared to $799 million for fiscal 2019.

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IRS Guides on Retirement Distributions

The Internal Revenue Service has issued guidance for retirement plans participants, affected by the COVID-19 virus, who take distributions or loans from those funds. Under the CARES Act, distributions this year are not subject to an additional 10 percent tax for early withdrawals.

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