H&R Block and Yodlee team up to create site where users can link personal finances, tax forms

H&R Block, Yodlee team to create tax prep site

NEW YORK — Tax preparation company H&R Block Inc. and personal finance management application developer Yodlee Inc. on Wednesday said they are teaming up to make it easier to use online data to prepare taxes.

The deal is aimed at creating a site where data from personal accounts can be pulled into tax forms provided by H&R Block, which will help people identify deductions they might otherwise miss.

The companies said the site should be ready in time for next tax season, but a pilot program will be available in April.

Terms of the deal were not disclosed.

Yodlee creates the programs used on many bank Web sites for account management. It also powers personal finance Web site Mint.com.

H&R Block is the nation’s largest tax company, preparing more than 21 million returns each year between its retail offices and online service.

H&R Block shares closed up 28 cents, at $22.01.