Don't Miss This
My colleague, Brooke Masters, has posted a story you shouldn't miss:
H&R Block, the nation's largest tax preparation service, defrauded hundreds of thousands of customers by encouraging them to invest their tax refunds in individual retirement accounts without disclosing that high fees meant most small investors would lose money, New York Attorney General Eliot L. Spitzer alleged in a civil lawsuit Wednesday.
H&R Block denied the charges, saying it has helped 590,000 clients begin saving for their future. The company said that 78 percent of its customers ended up ahead, once the tax savings involved in opening an IRA are included along with the interest.
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