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TaxAct Parent Paid Owners Well

Thursday, 19 April 2012
News

infospace logo2SS Holdings, the company that owned the TaxAct software line, was an extremely profitable operation that paid its owners large dividends. And perhaps that explains why after the courts blocked its sale to H&R Block, the company was quickly snapped up by InfoSpace in January. For the year ended September 30, the company had operating margins of 43.6 percent and that was down from more than 49 percent for each of the prior fiscal years.

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