Investor Relations


Press Release Details

Last-Minute Filers Can Go Online to Get Their Taxes Done by an H&R Block Tax Professional

March 22, 2001

KANSAS CITY, Mo., March 22 /PRNewswire/ -- It happens every year -- late tax filers needing professional help scramble to visit a tax office or to make an appointment with an accountant as the tax deadline looms. The IRS estimates one in four taxpayers, over 30 million people, have yet to file their returns this year, and these individuals are looking for fast, easy solutions to their tax dilemma. Whether your accountant is already booked up or you're just too busy to make it into a tax office before April 16, H&R Block (NYSE: HRB) has an answer, and it's just a mouse click away.

H&R Block's Professional Tax Service combines the benefits of complete professional tax preparation with the speed and convenience of the Internet, giving last-minute tax filers a convenient web-based solution to meet their tax needs.

"If you want a professional to prepare your taxes but can't find the time to make it into a tax office this is the option for you," said Mark Ernst, chief executive officer for H&R Block. "Our Professional Tax Service delivers fast, complete and reliable tax preparation -- backed by the most trusted name in the tax industry."

To use the Professional Tax Service, customers simply visit http://www.hrblock.com and provide their tax information online via an easy- to-use electronic organizer and H&R Block does the rest. First, Block matches the customer's tax profile with the most appropriate advisor from the company's nationwide network of tax professionals. Then, one of Block's tax professionals prepares the return and delivers a completed, signed and electronically filed tax return to the customer, usually within 48 hours.

And regardless of the return's complexity or number of schedules required, the service is affordably priced at $99.95 -- a fraction of the average CPA fee -- and includes one federal and one state return.

About H&R Block

H&R Block Inc. is a diversified company with subsidiaries providing a wide range of financial products and services. In 2000, H&R Block served 19.2 million taxpayers -- more than any tax or accounting firm -- through its more than 10,000 offices located primarily in the United States, Canada, Australia and the United Kingdom. H&R Block served another 1.8 million tax clients through its award-winning software program, Kiplinger TaxCut(R), and through its new online tax preparation services. H&R Block Financial Advisors, member NYSE, SIPC, offers investment services and securities products. H&R Block Mortgage Corporation and Option One Mortgage Corporation offer a full range of home mortgage products. RSM McGladrey Inc. is a national accounting, tax and consulting firm with 100 offices nationwide, as well as an affiliation with 550 offices in 75 countries as the U.S. member of RSM International. Quarterly results and other information are available on the company's Web site at http://www.hrblock.com . SOURCE H&R Block

CONTACT: Neil Getzlow, 816-932-4886, or Janine Smiley, 816-932-4871, both of H&R Block