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For millions of taxpayers, choosing the right software for filing their returns comes down to a battle of TurboTax vs. TaxAct — or, if they want the option of face-to-face service, TaxAct vs ...
TurboTax is a software package for preparation of American and Canadian income tax returns, produced by Intuit. TurboTax is a market leader in its product segment, competing with H&R Block Tax Software and TaxAct. [1] TurboTax was developed by Michael A. Chipman of Chipsoft in 1984 and was sold to Intuit in 1993. [2] [3]
H&R Block Tax Filing Options At a Glance. Tax Software. Cost. Best For. Free Online Tax Filing. $0 federal and state return. Online Assist: $39.99 federal and state return
The company was founded in 1983 by Scott Cook and Tom Proulx in Palo Alto, California. [12] [13] [14] [15]Intuit was conceived by Scott Cook, whose prior work at Procter & Gamble helped him realize that personal computers would lend themselves towards replacements for paper-and-pencil based personal accounting. [16]
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The company set aside $2.45 million in restitution for customers if they purchased a "refund anticipation loan" or a "refund anticipation check" through H&R Block between January 1, 2001 and December 31, 2008. In addition, H&R Block agreed to pay $500,000 in penalties and $1.9 million in fees and costs.
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