Blucora is facing another proxy challenge with the insurgents claiming the Blucora broad lacks a wide range of necessary experience. Engine Capital has nominated three individuals to the board claiming Blucora, which owns TaxAct and Avantax, has bloated overhead and does not perform as it should in its tax preparation and wealth management businesses.

Tax & Accounting grew revenue 8.7-percent for Thomson Reuter’s year ended December 31. The rate of increase gave it the biggest growth of the company’s Big 3 divisions. 

 The owner of the Cititax Tax Refund stores in Pittsburgh, Pa. has pleaded guilty to cheating the government of $7.2 million by inflating client tax refunds.