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You are here: Home / News / Tax company takes loss

Tax company takes loss

May 3, 2000 By admin Leave a Comment

H&R Block might have a good tax deduction for itself next year. The company admits its online tax-filing program lost 18-million dollars in the filing season just ended. The loss was not unexpected, but stock analysts say it was about twice what they had anticipated. That news caused an 18 percent drop in the company’s stock. The company says marketing, development, and start-up costs made the program a money-loser.

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