Tax Service Inc. () is the second largest tax preparation service in the United States; responsible for preparing over 2.2 million computerized federal, state, and local individual income tax returns each year. Based in Parsippany, New Jersey
, the company currently operates more than 5,802 franchise outlets and 724 owned offices, in 48 states and the District of Columbia. Roughly a quarter of Jackson Hewitt’s offices are located inside Wal-Mart and Kmart stores. Jackson Hewitt offers tax refund-anticipation loans, free electronic filing, tax-preparation training, and tax audit representation.
In January 1998, The Cendant
Corp., a consumer conglomerate, purchased Jackson Hewitt in a deal valued at approximately $480 million.
Jackson Hewitt was founded in 1982 by former H&R Block
employee John Hewitt
. After working in the tax preparation industry for 13 years, he came to the conclusion that tax preparation process could be improved by using computers, and so worked with his father to design a program that streamlined the client interview process. But he was unable to sell... Read More