You know what? You're a joke. I've participated on the HRB message board as an independent tax professional since 2003. I've never worked for or been associated with Liberty. I do follow all of my competitors. Many, you're really got the blinders on. You're a sad case, but fortunately for Liberty, it doesn't look like anybody actually reads this board.
If you are correct, John Hewitt will soon be in a prison cell because when a publicly traded company makes intentionally false statements to inflate its stock price that's a crime. I'm sure that would be better than a wet dream for you, eh? Somehow, I don't think Mr. Hewitt will be seeing the inside of a prison cell anytime soon, though. As others have mentioned here, Liberty is a growth company and a growth company can grow in a down market. But don't let me crush your dreams. You go ahead and have your Walter Mitty dreams ;-)
Found it. Block seems to have been able to bury the story by not responding to the question as to how many customers' social security number were exposed. Since they did the same thing in 2006, this is rather incredible.
Every franchisor takes back units from franchisees. Not the most successful ones, obviously. It is really hard to see what kind of valid point you're trying to make with that.
I thought you said their excuse for Q3 would be weather, the late start, etc. Man, you duck and weave more than Muhammed Ali!
Wishful, it is impossible to do with an IRA. How does the custodian of your IRA have any idea what your basis is in that account? They don't have access to your tax return. Perhaps you made too much money to deduct your IRA contributions and so you made after-tax contributions, and therefore do have a basis. Maybe not. How would the custodian know any of this? It is impossible.
The late start of the season means all tax serviced on fiscal years ending April 30 will show little revenue for Q3. That's not just a Liberty thing. Block, JH, and smaller ones will have the same thing. Weather has nothing to do with the fact that no revenues were received because in January the vast majority of customers have their fees taken from their refunds, of which there were zero in February. This is not rocket science. Liberty and JH are exclusively franchise operations, so when they have company owned stores it it only because of a distressed situation. They do NOT want to own company stores. They could close them, but they try to turn them around so they can resell them because they can sell an operating business for more than a blank territory. Again, not rocket science. I'm not sure what you're trying to read into these non-issues.
Your broker has no idea what your basis is, since that is established by what you've put on your tax return. Therefore, they have it at zero. It's up to you to track basis if the broker has not way to know. For example, if I transfer my stocks from a Fidelity account to a Charles Schwab account, Schwab would have no way of knowing what I paid for them so they would not track or report basis.