“The health care law upheld by the Supreme Court will have enormous ramifications for how Americans file taxes each year going forward. Today’s ruling that the individual mandate is a tax underscores how the law is being enacted through the tax system. Taxpayers will need additional guidance to understand the real-life implications.
“Not only will our customers and associates be affected, but also our 1,700 franchisees who are small businesses owners throughout the country. When it comes to our business, we have been and will continue to work with the IRS to prepare taxpayers for what their obligations will be and how best to help them.
“As the world’s largest tax services provider, we are in a unique position to help consumers and tax administration system officials navigate the possible changes. As a result, we will work with the IRS, our tax professionals and customers to help manage that transition and prepare, as we do each and every year, for the first day of tax season.”
About H&R Block
H&R Block, Inc. (NYSE: HRB) is the world's largest tax services provider, having prepared more than 600 million tax returns worldwide since 1955. In fiscal 2012, H&R Block had annual revenues of $2.9 billion and prepared 25.6 million tax returns worldwide. Tax return preparation services are provided in company-owned and franchise retail tax offices by nearly 100,000 professional tax preparers, and through H&R Block At Home™ digital products. H&R Block Bank provides affordable banking products and services. For more information, visit the H&R Block Online Press Center.