Taxation in the United States, Refund anticipation loan, H&R Block

Tax preparation industry is a very attractive business in U.S. It is necessary for every U.S. households to file tax return with the IRS (Internal Revenue Service). In the year 2008 approximately 130 million tax payers filed their returns. Most of the filers seek professional help due to complexity in tax code with numerous rules, credits, restrictions, variable tax rates, deductions, etc. According to statistics furnished by the Internal Revenue Service, approximately 61 of filers adopt professional help.