H&R Block Inc.

H&R Block blunder delays 600,000 tax returns

H&R Block blunder delays 600,000 tax returns

About 600,000 H&R Block customers face lengthy delays for tax refunds after a filing error by the Kansas City, Mo.-based tax preparer, the Internal Revenue Service said late Tuesday. 

The filing blunder affects customers -- mainly students -- who filed Form 8863 for education credits. Many were upset the delay would affect applications for federal financial aid for college.

"The IRS is continuing to review the situation and working with affected software companies to assist in the processing of these tax returns," said IRS spokeswoman Michelle Eldridge, in a statement.

The IRS said the review process for affected tax returns could take as long as eight...

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