This tax season Jackson Hewitt is taking a leading role in setting new standards in disclosure for the tax preparation industry as each Jackson Hewitt office will provide its customers additional, clear and concise disclosure information regarding a customer's choice of products in connection with the preparation of their tax return.

 

As part of the tax preparation process, Jackson Hewitt makes available a variety of refund-related financial products. Committed to providing information prior to and throughout the tax preparation process, this increased disclosure will further inform customers of their varied options. From revised refund-options desk mats to information disclosure wall posters, customers nationwide will see an even clearer presentation of their options, including the fast and free option - IRS direct deposit. For customers who choose a Refund Anticipation Loan, they will receive additional disclosure, including a one-page information sheet that identifies alternatives that are low- or no-cost to the consumer and further outlines fees associated with the loan.

 

"We've taken this proactive step, which goes above and beyond what's currently required in the industry for consumer disclosure, in a continuing effort to better serve our customers make more informed choices," said Michael Lister, Chairman and CEO, Jackson Hewitt Tax Service Inc.

 

Over the past 18 tax seasons, IRS electronic filing (IRS e-file) has grown, providing users with a near perfect accuracy rate, faster refunds, acknowledgement of receipt within 48 hours, easy payment options, privacy and security. Last year alone, almost 62 million individual income tax returns were electronically filed, with nearly 70% of those returns being filed by a tax professional. This tax season, the IRS reports an anticipated 133 million individual income tax returns will be filed, with over 50% of those expected to be electronically filed. *

 

Customers at Jackson Hewitt Tax Service have always been provided free electronic filing with their paid tax preparation. Jackson Hewitt has been a leader in the industry with a large majority of its returns filed electronically on behalf of its customers, helping millions of taxpayers avoid delays in the receipt of their tax refund due to errors or lost mail, as well as providing greater efficiency in the filing process.

 

Jackson Hewitt Tax Service Inc. (NYSE: JTX) is the second largest tax preparation service company in the United States, with over 4,900 franchised and company-owned offices in 49 states and the District of Columbia in 2004. Specializing in electronic filing (IRS e-file), the Company provides full service, individual federal and state income tax preparation and facilitates related financial products. Most Jackson Hewitt offices are independently owned and operated. Jackson Hewitt is based in Parsippany, New Jersey. More information about the Company may be obtained by visiting the Company's Web site at www.jacksonhewitt.com. 

 

* Source: www.irs.gov 

Contact

Sheila Cort

Jackson Hewitt Tax Service Inc.

(973) 496-2702

Sheila.cort@jtax.com