H&R Block (NYSE: HRB) is the world's largest tax preparation business. The IRS estimates that H&R Block prepares 1 in every 7 tax returns in the U.S.^[1] In addition to retail tax offices in the U.S., Canada and Australia, the company offers business services through RSM McGladrey, and financial products to support its tax business through the H&R Block Bank.

H&R Block has struggled to remain profitable, and has cut 400 jobs and shut down 400 tax offices as part of a restructuring which will save up to $150 million a year.^[2] In April 2010, H&R Block prepared 4.9% fewer tax returns than a year earlier despite increases in users of its online filing services.^[2] The fall in returns filed with H&R Block may be due to the recession and high unemployment, which lead more people to do their taxes themselves.

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