So the Antitrust Division of the Dpeartment of Justice is suing H&R Block for its attempted purchase of Iowa-linked TaxACT Software.
That's so funny. The federal government itself is doing more than anyone to restrict competition in H&R Block's market with the new IRS rules on tax preparers. It just issued final rules yesterday as part of this effort. The tax preparer regulation system was designed by a former H&R Block executive, and will push out of business many small seasonal preparers who don't want to deal with the cumbersome IRS preparer bureaucracy -- less competition for Henry and
Robert Richard (thanks, Everett!).
It's way too much to hope that the next antitrust suit names IRS Commissioner Shulman.
Christopher Bergin, Blocking Block
Tax Update: Tax Preparers, Bootleggers and Baptists
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