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IRS Adds Day To File

David Kautter, Internal Revenue Service The Internal Revenue Service has given taxpayers until midnight April 18 to file taxes. The IRS took the action because of computer outages on Tuesday, morning, April 17, but said it did not impact many taxpayers. Taxpayers do not need to take any action to receive the extension.

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Block Lost Returns While TurboTax Sales Rose

Russ SmythThe continuing boom in online tax preparation led Intuit to a 10-percent increase in sales of its consumer tax software, TurboTax, during the tax season. TurboTax continued to gain at the expense of tax store chains with H&R Block reporting its return total dropped by 4.9 percent. Meanwhile, quarterly results filed by Republic Bancorp showed a increase in net income from refund anticipation loans despite an 11 percent decrease in loan fees.

 

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