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HR Block logoWith the Internal Revenue Service not having announced conditions of any refund loan program for the 2010 tax year, things are a more than a little uncertain. But H&R Block has extended an agreement with HSBC Taxpayer Financial Services that was scheduled to expire next year.

Under the original contract in 2005, HSBC agreed to provide funds for bank products with the agreement scheduled to expire on June 30, 2011. The agreement was extended until June 30, 2012 by Block which has the right to extend the agreement for two one-year periods. HSBC does not provide funding for bank products to any other preparers.
There are provisions that would allow the two parts of the contract, a Retaii Distribution and Agreement and Digital Distribution Agreement, to be terminated earlier.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Last modified on Sunday, 02 June 2013
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