Anyone see the irony in this?

[FromTexas]

Aug. 1 (Bloomberg) -- H&R Block Inc., the largest U.S. tax- preparation company, said it overstated net income for the 2003 and 2004 fiscal years by $91.1 million, far more than the company estimated in June, because of accounting errors.

Most of the revision stemmed from errors in the way H&R Block accounted for its $850 million acquisition of Olde Financial Corp. in late 1999, the Kansas City, Missouri-based company said in a regulatory filing today.

Hey! They can at least now claim back some past taxes (larger refund) for overpaid profits. I wonder if they will use that in a commercial. "We had one of our preparers review our past filing and they found we were owed additional $4 million refund."

 

[aps45819]

Think this is more about inflating the value of their stock than saving money on taxes.

 

[Railroad]

Think this is more about inflating the value of their stock than saving money on taxes.

Yup - a common "mistake."

 

[FromTexas]

Think this is more about inflating the value of their stock than saving money on taxes.

I get that. I was poking fun at their commercials.