1. Money
Jake Stroup

Taxes, ID Theft, and H&R Block

By April 12, 2010

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H&R Block has been in the news the past several years around tax time. As one of the larger tax preparation services, they have hundreds of employees that only work a couple of months each year. To supplement their income, some tax preparers have started using the information they have on hand to file bogus tax claims - identity theft pure and simple.

Life is so busy these days, it's easy to understand why you would use a specialist to handle your taxes. But that trust is easily violated, and can put your finances in a tailspin. I'm not saying learn to do your taxes yourself, but if you're going to H&R Block for the service, keep an eye on your money.

Comments
April 13, 2010 at 4:03 pm
(1) Cameron Stanton says:

I’ve heard a lot about that. They have an arbitration program where they settle claims outside of court if there’s something funny with your money, but really it just takes a long long time. The best way to prevent something like that from happening is getting and ID protection service. I had a friend have their identity stolen, credit cards though not taxes, employment, or medical, and it scared me into getting ID theft protection. I looked into a bunch of reviews, but after seeing this LifeLock review (link removed by IDTheft Guide) I decided to go with them. I’m brand new so I don’t really know how it will work, but the review looks promising and shows that they the best value, according to the data.

April 22, 2010 at 5:59 pm
(2) cantaxpro says:
April 22, 2010 at 6:16 pm
(3) cantaxpro says:

Sorry to see you have been duped into sign up for life lock.
Its a scam and here is the report on them.

http://www.ftc.gov/opa/2010/03/lifelock.shtm

June 15, 2010 at 6:53 pm
(4) Shannon Rourke says:

I too filed my taxes with H&R Block for 2009 tax year and found out that I wasn’t receiving my return due to someone already filing a return with my social security number. What was worse was that H&R Block told me that the IRS was only going to accept my paper return if it was prepared throough H&R Block. I had to wait a month to come up with 375.00 to pay them for the paper return. I found out recently from the IRS this is untrue I could have filed a paper return on my own. Better yet the IRS told me I had to ammend something on the return and that means that the 375.00 prepare was no good to begin with.

June 22, 2010 at 12:56 pm
(5) Jake Stroup says:

Unfortunately, this is a fairly common complaint. But the crimes are being committed by people who are in an excellent position to hide them. It seems the only way to avoid it is to muddle through your taxes yourself.

Again, I’m sure there will be lawsuits involved and companies that do prop tax preparation will start paying more attention to their clients personal information.

October 15, 2012 at 1:09 pm
(6) Rex Paddison says:

Asking questions are truly good thing if you are not understanding something completely, except this article offers pleasant understanding yet.

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