Item 7.01  Regulation FD Disclosure.
Blucora, Inc. (the "Company") is filing this current report on Form 8-K to
provide further information regarding its efforts to expedite the receipt of
Economic Impact Payments ("stimulus payments" or "stimulus funds") to customers
of the Company's TaxAct business, an online tax filing system. As acknowledged
by the U.S. Internal Revenue Service (the "IRS"), many stimulus payments
distributed in the first week of January were directed to incorrect bank
accounts.
Since this issue first came to light, the Company has been strongly advocating
for the IRS to resolve the issue as quickly as possible to ensure that all
taxpayers are treated fairly. To date, the following events have occurred:
•Upon realization of its error, the IRS instructed financial institutions to
return the funds to the IRS, and the IRS stated that it would reprocess those
funds to the rightful recipients.
•The Company's bank partner returned the funds to the IRS immediately, which was
both required by law and intended to result in the payment of stimulus funds to
customers as quickly as possible.
•Days after the return of funds by many financial institutions, the IRS then
stated that it would not reprocess the funds, and individuals impacted by this
error would be required to claim the stimulus payments on their tax returns to
receive their stimulus payments. The IRS also stated that the financial
institutions who had not yet returned the money to the IRS could re-distribute
the funds to taxpayers if they were in possession of the accurate banking
information. Because their financial partners had not complied with the IRS
direction to return funds, certain TaxAct competitors have been able to begin
distributing stimulus payments to their customers. The Company believes that the
IRS action has facilitated a disparate treatment of tax software providers and
ultimately U.S. taxpayers and consumers.
•The Company has strongly advocated that the IRS immediately send its customers'
stimulus payments back to the Company's banking partner so that it can
distribute stimulus funds to TaxAct's customers as fast as possible.
•The Company understands that the IRS has thus far denied these requests and
that the IRS plans to begin processing payments when the IRS master accounting
system reopens on January 25, 2021. This delay is estimated to result in the
receipt of stimulus funds in early February for impacted taxpayers.
•The Company continues to implore the IRS to adopt potential solutions that will
allow the Company to ensure that TaxAct's customers receive their stimulus
payments more quickly.
Facilitating customers' receipt of stimulus funds as soon as possible is of
paramount importance to the Company, and the Company regrets any inconvenience
or hardship that the IRS's actions have caused its customers.
The negative consumer sentiment arising from the above-described IRS actions may
lead some TaxAct customers to move to other tax software providers. Because a
significant portion of TaxAct's revenue is not generated until later in the tax
season, the Company is unable to estimate the potential impact on its business
at this time.
The information in Item 7.01 of this Current Report on Form 8-K is being
furnished pursuant to Item 7.01 and shall not be deemed to be filed for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or otherwise be subject to the liabilities of that section, nor shall it
be deemed to be incorporated by reference in any filing under the Securities Act
of 1933, as amended (the "Securities Act"), or the Exchange Act, whether made
before or after the date hereof and regardless of any general incorporation
language in such filing.

Safe Harbor Statement Under the Private Securities and Litigation Reform Act This report contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ significantly from management's expectations due to various risks and uncertainties including, but not limited to, the timing and nature of the ultimate resolution of, and the ultimate effects of, the matters discussed in this current report on Form 8-K, in addition to those risks and uncertainties described in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and in the Company's other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this report, except as may be required by law.

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