HRB abandons bid to buy TaxAct

[Koss]

This is dated Nov. 15...

I didn't see this on any major news sites.

[Yawn]

http://www.cbsnews.com/8301-505245_162-57325151/h-r-block-drops-taxact-buy-after-antitrust-ruling/

BMK

[appelman]

Pobracitos!

HRB was considering the merger as a conduit to bring more business into their storefronts, and they opened more offices in anticipation. Now they're scrambling to find business to support the new offices. Poor babies!

[kpangelinan]

Saw the anti-trust ruling a few weeks ago as it was pretty big on the tax blogs....then of course this news of them officially dropping the bid.

You have to give them credit....they are doing a bunch of things to try to stick around in these changing times.

[FEDUKE404]

Related question

I seem to recall that the owners of TaxACT (Second Story Software) are, more or less, the same folks previously known as Parsons Technology who also turned out some tax software.

Can anyone confirm/correct?

FE

[Koss]

Second Story

According to theprogressiveaccountant.com,

Based in Cedar Rapids, Iowa, Second Story was founded in 1998. TaxAct was created after Intuit purchased Parsons Technology in 1994 and discontinued its Personal Tax Edge. The founders of TaxAct had all worked at Parsons before launching the new product.

http://www.theprogressiveaccountant.com/news/block-buys-taxact-software.html

And if it's on the internet, it must be true...



BMK