Yodlee and H&R Block entered into a strategic alliance this week to integrate H&R Block’s tax preparation service with Yodlee’s account aggregation platform. This new solution will allow Yodlee users to automatically export expenses aggregated from their online accounts – banking, credit cards, utilities, etc. – into H&R Block’s online tax forms. For the consumer that uses online tax filing software, the integration will help reduce the time spent manually entering information off statements and receipts. And it can be done throughout the entire year, not compressed into the few weeks leading up to April 15th.
Mint.com already integrates with Intuit’s TurboTax, so this isn’t the first account aggregation > online tax solution integration we’ve seen. And it probably won’t be the last. Account aggregation vendors have been focused over the past decade on servicing three distinct markets – consumers, banking, and financial services providers. But the tax prep world, CPAs in particular, is untapped.
Look for the Yodlee / H&R Block integrated solution to be rolled out in time for the 2011 tax season.
You can read the CNNMoney story here.