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Connect the Dots from RedGear to H&R Block

Adam Rust's picture

Posted January 24, 2012

H&R Block owns the tax preparation software company that will channel financial products to tax filers in locations through the United States this year.

RedGear Technologies, based out of Utah, is a subsidiary of H&R Block. Block acquired RedGear a few years ago. RedGear's primary product is TaxWorks, a tax software package designed to help preparers by offering

additional functionality compared to regular software.

RedGear is partnering with Citizen's Bank, a very small bank in Sandusky, Ohio, to offer refund transfers. First Citizen's Bank Corp., the parent entity of Citizen's Bank, has about $1 billion in assets.

The interesting thing about this relationship is the connection to H&R Block.