Another Company Follows H.D. Vest's Lead in Offering Free Online Tax Returns...but Not for Everyone.IRVING, Texas--(BUSINESS WIRE)--Dec. 7, 1999-- Three weeks ago, H.D. Vest Inc. (Nasdaq:HDVS) detailed plans to be the first company to offer free Web-prepared and e-filed tax returns via www.hdvest.com to anyone who wanted to access the site. Now H.D. Vest welcomes a new player to the free online tax return arena -- Fidelity, which announced today that it is partnering with Intuit in·tu·it tr.v. in·tu·it·ed, in·tu·it·ing, in·tu·its Usage Problem To know intuitively. [Back-formation from intuition. , Inc., to offer free online tax returns to Fidelity customers. Unlike the H.D. Vest free online tax return offer, which is available to anyone regardless of salary or form needed to complete, the Intuit/Fidelity offer has strings attached -- you must be a customer of Fidelity to take advantage of the offer. With more than 60 million tax filers that "do-it-yourself" and an Internal Revenue Service mandate that 80% of all tax returns must be e-filed by 2007, online tax preparation is the wave of the future with H.D. Vest launching the first program available to anyone for free. "The H.D. Vest offer is unlike any other as there are no salary, form or affiliation restrictions that prevent a consumer from signing on to our Web site and completing a tax return," said Herb D. Vest, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Our free online tax preparation will not only be available to anyone, it will offer consumers the opportunity to consult with one of the qualified and licensed tax professionals in H.D. Vest's nationwide network should they need additional assistance or advice." Through the H.D. Vest Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Web site more than one million consumers will be able to complete their 1999 tax return forms -- from the 1040 EZ to the more complex forms -- online and e-file them for free. Unlike other offers there are no salary maximums or form requirements to take advantage of the free offer. As the return is prepared, the program will notify the consumer of post year-end tax planning Tax planning Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer. opportunities. If the consumer elects, the system will provide a referral to a nearby H.D. Vest representative, who is a tax and financial advisor -- H.D. Vest representatives will not directly contact consumers unless the consumer requests it. The representative will then help the consumer to evaluate the investment and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against alternatives and make a selection. The H.D. Vest free online tax preparation program will be available starting in early January. About H.D. Vest Inc. Head quartered in Irving, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to , H.D. Vest Inc. (d/b/a H.D. Vest Financial Services) specializes in providing extensive training and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to tax professionals who wish to add financial planning to their practices. H.D. Vest is the leader in the growing market for comprehensive financial planning services, with more than 8,500 affiliates managing over $13 billion in assets for individuals, families and small businesses in all 50 states. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in H.D. Vest's filings with the Securities & Exchange Commission. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion