Friday, August 14, 2009

LUMBERTON / MT. HOLLY AREA - Tax FACTS: H&R Block Found Errors in 87% of The Returns Prepared By Others via our Second Look® Review

Tax FACTS: 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:


LUMBERTON PLAZA
1636-15 RTE 38
MOUNT HOLLY, NJ 08060
Phone: 609-267-1020

Premium Office
3 GREENTREE CENTER
GREENTREE RD AND RT 73 S
MARLTON, NJ 08053
Phone: 856-983-5610

VOORHEES TOWN CENTER
1610 ECHELON MALL LOWER LEVEL
VOORHEES, NJ 08043
Phone: 856-772-2211


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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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