FTC-PR-240223-2 FTC Takes Action Against Tax Prep Company H&R Block For Wiping Consumers’ Data, Deceptively Marketing ‘Free’ Online Filing – Complaint outlines unfair deletion of tax data when consumers attempt to downgrade to more affordable products The Federal Trade Commission is taking action against tax preparation company H&R Block for unfairly deleting consumers’ tax data […]
Category: Tax Preparation
Tax Preparation involves organizing, calculating, and filing tax returns to ensure compliance with tax laws and optimize refunds or minimize liabilities. This process includes gathering financial documents, completing tax forms accurately, and applying appropriate deductions and credits. Fraud can manifest in tax preparation through deceptive practices such as inflating deductions, falsifying income, or claiming unqualified credits to lower tax liability or boost refunds. Additionally, deceptive marketing tactics, such as misleading advertisements promising unrealistically high refunds or underestimating fees, can entice individuals into fraudulent schemes or subpar services, compounding the risk of financial and legal repercussions.