TaxAct

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TaxAct
TaxAct Logo
Developer(s) TaxAct, Inc.
Type Tax software
License Proprietary
Website www.taxact.com

TaxAct is an American tax preparation software package. It is a member of the Free File Alliance, a free federal tax preparation and electronic filing program for eligible individual taxpayers developed through a partnership between the IRS and a group of private sector tax software companies.[1]

In October 2010, H&R Block said it would pay $287.5 million in cash to acquire the parent firm of TaxAct. In May 2011 the U.S. Department of Justice attempted to stop the acquisition in an antitrust lawsuit.[2][3] In November 2011, a federal judge sided with the Justice Department, and both companies mutually terminated the contract.[4]

Blucora, then Infospace, acquired TaxAct in January 2012.[5]

References[edit]

  1. ^ Members of Free File Alliance (2011)
  2. ^ "U.S. Seeks to Halt H&R Block's Deal for Rival". The New York Times. May 23, 2011. 
  3. ^ Justice Department Files Antitrust Lawsuit to Stop H&R Block Inc. from Buying TaxAct; Deal Would Substantially Reduce Competition in Sale of Digital Do-It-Yourself Tax Preparation Products and Result in Higher Prices and a Reduction in Innovation and Quality, Department of Justice, Office of Public Affairs, Press Release, May 23, 2011
  4. ^ United States v. H&R Block, Inc., 2SS Holdings, Inc., and TA IX L.P., Memorandum Opinion (November 10, 2011)
  5. ^ M&A: January 9, 2012

External links[edit]