H&R Block Inc. announced that it completed 20.71 million tax returns through April 18 in fiscal year 2014, down 3.6 percent from last year.
The Kansas City-based tax preparer (NYSE: HRB) said the decline in returns was primarily due to the discontinuation of its free Federal 1040EZ promotion.
Company-owned operations represented the lion's share of business with 8.32 million returns filed, down 7.9 percent. Franchise operations filed 5.25 million returns, down 2.9 percent.
"We entered the season…
H&R Block Inc. announced that it completed 20.71 million tax returns through April 18 in fiscal year 2014, down 3.6 percent from last year.
The Kansas City-based tax preparer (NYSE: HRB) said the decline in returns was primarily due to the discontinuation of its free Federal 1040EZ promotion.
Company-owned operations represented the lion's share of business with 8.32 million returns filed, down 7.9 percent. Franchise operations filed 5.25 million returns, down 2.9 percent.
"We entered the season…