Jackson Hewitt Tax Service Inc. (fka JHTXQ)

[Doubledown22]

JH is trying every angle but the problem is there are a very limited amount of banks that are approved to conduct these micro-loans (which is what RALs are). Our EVER growing and over regulating government that we live under has their thumb on that and are actually what caused this fiasco to be honest. They (US govt) don't like this industry as they are constantly hounded by special interest groups who are out to protect the "little guy" from big bad corporations doing predatory lending. That and they have their cash cow to protect and kingdom to build with the IRS...more people filing directly with the IRS the more control they have.

This RAL fiasco is a shot across the bow of the industry and H&R Block and Liberty better not get complacent and all warm and fuzzy that they are immune. Jackson Hewitt was just low hanging fruit that was vulnerable to be dealt a blow for the "little guy". Big win for the government and the Acorn type special interest groups...oh but the thousands of people they are putting out of work and small businesses (55% of franchises) they are destroying should be worth it for them.
Approximately 35% of Jackson Hewitt's total tax season business will be conducted within the next 10 days. That business is very heavy RAL dependent..do the numbers.

All IMO,

DD22