Help,
My hubby & I had gone to the H & R Block to have income taxes filled. First visit was to have them tell us we needed a form of a 1099B, because we sold some of our stock from work, so I got on the computer and downloaded the info they requested. Went back the next week to H & R block and they told us eveything looked fine so they sent in the paper work and told us what we would be getting back. We were home for about @<hidden> hours and the phone rings, I answered and it was H & R block, they said that the IRS sent back our paper work stating that something was not right ,so now I have to get more as much info on this stock we sold and take that over, I believe they didn't fill out our paper work right. Does anyone know about this 1099B?:confused:
flanjivfur

Evelyn:

The 1099-B is used to report the specific about stock sales to the IRS. Basically, it tells the IRS what stock was sold, the date of sale, and how much were the proceeds from the sale.

Was H & R Block suppose to hand that 1099B in with our income tax report?

From my personal experience, H & R Block do a VERY POOR JOB of accurately filing tax returns, and way overcharge. I know it is too late this year, but that is something to keep in mind for next year. The things they have told friends and clients in prior years when filing tax returns never ceases to amaze and horrify me. Their employees typically have a 2 week "tax class", no college degree required. Scary Stuff!!
And no, the 1099B did not need to be attached to the return. Your return was probably filed electronically anyways, so there would of been no attachments.

Lee Ann hit the nail on the head with her comments regarding H&R Block and the inconsistency with the quality of their tax preparers.

While I know a few H&R Block workers who are very knowledgeable of the tax code, many are no more than data entry personnel who rely exclusively on the tax software to prepare the return. This is adequate for simple returns (Form 1040EZ, 1040A and, in some instances, 1040 with Schedule A).

But for complicated returns (small businesses, rental properties, stock transactions, exercising of stock options), their performance is worst than abysmal.

For them (and Jackson Hewitt), the term CAVEAT EMPTOR (Let the Buyer Beware) applies in spades!!

Next year I think my hubby & I will be useing Turbo Tax,,,What do you think?

Evelyn:

One acronym: GIGO (Garbage In, Garbage Out).

Modern tax software tries to anticipate most situations, but it does not think! If your situation is complicated, best use a tax pro (just not H&R Block).

Most local CPA firms are well priced, I know our firm well do a tax return (and do it Correctly) for about the same price that H & R Block and other rip off's do. We have a company here called Mo Money Taxes, it amazes me that people pay them over $200 to mess up their individual return.

Thank you both for all you suggestions, it has been very helpful.