dave submitted a Marketwatch article on a big-time H&R Block goof. Apparently H&R Block incorrectly calculated their taxes. If they can't do their own taxes right, what makes you think they won't mess up yours?

Shares of H&R Block Inc., the company that helps millions of Americans complete tax returns, fell 8% Friday after it said that it got its own taxes wrong in recent years.

The Kansas City, Mo.-based company said it will restate results for fiscal years 2004 and 2005, plus previous 2006 quarters, mainly because of errors in calculating its state effective income tax rate. The mistakes resulted in H&R Block understating its state income tax liability by about $32 million as of the end of April, 2005, the company added. The restatements will knock 7 cents a share off 2005 fiscal-year earnings and 2 cents a share of fiscal 2004 results, the company said.

Looks like they're tied up in other litigation as well:

California State Attorney General Bill Lockyer sued H&R Block on Feb. 15 claiming the company has violated 15 state and federal laws by selling high-cost refund anticipation loans mainly to poor families. When marketing the loans, H&R Block failed to adequately inform customers they can keep more of their income throughout the year and not have to wait for a refund at tax time, the suit claimed. Lockyer's suit also alleged that H&R Block advertisements were deceptive, portraying the loans as a "refund" or "instant money."

"In reality, the refund is a loan, the cash is a check, and the check is for substantially less than the refund, after the loan fees and other charges are deducted," Lockyer's office said in a statement unveiling the complaint.

Of course this screw-up shouldn't significantly impact them, as calculating an individual's taxes is far different than for a corporation. But you can't hide the irony.