Page 2 - VTaxOnDemand Independent Industry Analysis of Accounting Industry

Report Statement .................................................................................................................. 3
Executive Summary ............................................................................................................... 3

IRS ........................................................................................................................................ 5
Abstract ......................................................................................................................................... 5
Tax Preparation Industry ............................................................................................................... 5
Unregulated and Unregistered Tax Professionals ........................................................................... 6
Overcharging of Fees and Improper Disclosure .............................................................................. 7
Fee Disclosures ............................................................................................................................. 9
Training ...................................................................................................................................... 10
Consumer Federation Of America Polls on Consumer Views ........................................................ 10
Identity Theft and Cyber Security ................................................................................................. 11
H&R Block ........................................................................................................................... 18
Revenue Decline .......................................................................................................................... 18
Decline in Operating Statistics ..................................................................................................... 19
Decline in Financial Results ........................................................................................................ 20
Government Policy Risks ............................................................................................................. 20
Wall Street Analysts ..................................................................................................................... 22
Share Price .................................................................................................................................. 23

DIY Tax Preparation Software .............................................................................................. 25
Tax Preparation Software Competitors ......................................................................................... 25
Perils ........................................................................................................................................... 25

VTax On Demand Tax Services ............................................................................................. 26
VTax Model ............................................................................................................................................ 26
VTax Testimonials ...................................................................................................................... 26

2