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Is the tax preparation service industry ready for the new federal tax law?

The industry’s expected to bring in higher revenue this year. But more taxpayers are expected to file online.

Tax preparation giant H&R Block releases quarterly earnings today. We could get an indication about what the new tax law is doing for its bottom line. The code’s intended to simplify the way people file, with a 1040 postcard, for instance. Still, some tax preparers see the law as a boon in the short term.

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