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So this just happened - IRS Removes Debt Indicator for 2011 Tax Filing Season.

Here are corporate responses to this news by H&R Block and Jackson Hewitt. Stock prices in both companies fell as a result of this news.

When individual tax returns are electronically filed, they are acknowledged in a data set which also includes the so called Debt Indicator. If the taxpayer has outstanding amounts owed to a Federal or State agency - for anything from back taxes to unpaid ...