Pre-tax income for RSM McGladrey dropped sharply to $174,000 in the second quarter ended October 30, down from $13.1 million in last year's corresponding period as the H&R Block subsidiary saw drops in revenue in its tax services, business consulting, accounting services and capital markets operating areas.

H&R Block has rebuilt a program that gave taxpayers the opportunity to have their returns prepared online and reviewed by a tax professional and relaunched it as "Best of Both." As described by Sabrina Wiewel, the tax preparation company's chief tax network officer, it's a much different program than the one Block offered during the 2009 tax season.

Jackson Hewitt Tax Services reported it will open more of its retail tax stores than expected at Wal-Marts in time for the upcoming tax season. The company said it expects to be open in 1,800 to 1,900 Wal-Mart stores early next year. About 85 percent will be operated by francisees and the rest will be company owned. Jackson Hewitt also said it will launch its first online tax preparation software during tax season.