The company said in a filing with the Securities and Exchange Commission that it would take a new pretax charge of about $19 million for the layoffs, which are in addition to the 615 job cuts announced in May.

The May cuts resulted in a separate $19 million pretax charge.

Once completed, the cuts will leave the Irvine, Calif.-based Option One subsidiary with about 1,400 employees.

H&R Block has been restructuring in an effort to survive the collapse of the mortgage markets caused by rising interest rates and falling home prices. Last month, the Kansas City-based company said it was expanding the restructuring to include more layoffs, but it didn't say how many jobs would be lost or how much it would cost.

Tuesday's details come two weeks after H&R Block said an agreement to sell Option One to Cerberus Capital Management LP was in jeopardy because of continued deterioration in the mortgage markets. The company said it is trying to renegotiate the deal, which would include exiting the loan origination business and triggering the sale earlier than the current Dec. 31 deadline.

Shareholders last week voted to replace three members of the company's 11-member board of directors with nominees chosen by dissident shareholder Richard Breeden.

H&R Block shares rose 16 cents to $19.81 Tuesday.