Wednesday, October 7, 2009

(Manchester Township, NJ) - H&R Block Found Errors in 87% of The Returns Prepared By Others via our Second Look® Review Quoteable "Too often, taxpa

(Manchester Township, NJ) - H&R Block Found Errors in 87% of The Returns Prepared By Others via our Second Look® Review


Quoteable

"Too often, taxpayers leave money on the table with overlooked deductions and credits. In today's volatile economic climate, taxpayers can't afford to claim anything less than their full refund."

--Jackie Perlman, senior analyst, The Tax Institute at H&R Block

By the Numbers

H&R Block found errors in 87 percent of the returns it reviewed as part of a Second Look® review.

On average, taxpayers missed $1,300 in additional tax savings*.
Nearly half of those who re-filed with H&R Block received a bigger refund.
Nearly 4.1 million people fail to claim education tax benefits for which they may be eligible. These include:

1. Hope Credit
2. Lifetime Learning Credit
3. Student loan interest
4. Other commonly overlooked tax deductions and credits include:
5. Earned Income Credit
6. Child Tax Credit
7. Saver's Credit
8. Medical expenses
9. State and local taxes
10. Individual tax audits are at a 10-year high.

Taxpayers can amend tax returns for up to three years prior.

Block Talk

With a Second Look review, H&R Block will review a taxpayer's returns - regardless of who prepared them - for $29 per return.
H&R Block also will provide advice on what to do if any variances are found.

H&R Block guarantees coverage for penalties, interest repayment and audit assistance if the return is correct or if H&R Block files a corrected return for the client.

The typical H&R Block client sees a tax professional with more than 8 years experience and 450 hours of training.

For Further Information, or to schedule a Second Look Review:

MORE QUESTIONS? CONTACT US AT OUR YEAR 'ROUND OFFICES

LAKEWOOD PLAZA
1700 MADISON AVE
LAKEWOOD, NJ 08701
Phone: 732-364-3000

TOWN AND COUNTRY CENTER
1900 RTE 70 STE 218
LAKEWOOD, NJ 08701
Phone: 732-920-9333

MANCHESTER PLAZA
1039 RTE 70
MANCHESTER, NJ 08759
Phone: 732-408-9123

93 3RD AVE
BLDG E STE 505
NEPTUNE CITY, NJ 07753
Phone: 732-502-8314

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*Error rates and average savings claims are for calendar year 2007. Clients either received a larger refund or owed less money to the IRS. $1,300 is the average tax savings achieved by clients who expected a refund and re-filed a return with H&R Block. Individual results may vary. Additional fees apply if H&R Block corrects or amends a return. At participating offices.

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