The Progressive Accountant

Preparer Must Pay IRS Nearly $950K

dojA Longwood, Fla.-based tax preparer has been ordered to repay $949,952.47 he received in preparing fraudulent tax returns. A federal court in also barred Jason Stinson from the tax preparation business for charing as much as $999 for preparing returns without informing clients.

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Block Tax Season Beats Industry Average

H&R Block says it performed better than the rest of the market during the first half of the tax season. In releasing results for its third quarter ended January 31, the company this week reported a 7-percent decline in efiles for the season through February 24, compared to an overall drop of 10 percent reported by the Internal Revenue Service for the same period.

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Wolters Kluwer to Buy Tagetik

Ian Rhind, Wolters KluwerWolters Kluwer has reached an agreement to acquire Tagetik for about $317 million in cash. When the deal is complete, Wolters Kluwer will bring Tagetik together with its corporate products, including TeamMate, in a new unit, Corporate Performance Solutions.

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