Jeff Jones, who became CEO in October, was paid $11.9 million by H&R Block for the year ended April 30.  His compensation included a $950,000 cash sign-on bonus, stock awards valued at $7.9 million and stock options worth $1.4 million. His salary for the partial year was $697,047 and he also received non-equity incentive compensation $941,420.

A former Durant, Miss., resident has pleaded guilty to filing more than 550 tax returns which sought more than $3.5 million in undeserved refunds. Teresa C. Chism also failed to file her own individual income tax returns for tax years 2013 through 2015 even though she earned more than $100,000 during that period.

Proposed regulations have been issued for a provision which allows many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income. The Internal Revenue Service has proposed regulations for the Section 199A deduction, also referred to as the deduction for qualified business income was created by the Tax Cuts and Jobs Act.