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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]
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]
[citation needed] Proulx created an Intuit credit card with a download service, that automatically classified charges. [1] Proulx was a recipient of the Inc. Magazine Entrepreneur of the Year Award in 1992. [5] In 1993, he actively assisted with helping Intuit go public and was the driving force behind its Chip Soft TurboTax merger. He resigned ...
TurboTax Pros. H&R Block Pros. TurboTax’s strongest selling point is an intuitive and user-friendly interview-style format that is universally familiar and uses plain language and simple ...
In a settlement last year, TurboTax's owner Intuit Inc. was ordered to pay $141 million to some 4.4 million people across the country. TurboTax customers to receive checks for $141M settlement ...
Cook started his career at Procter & Gamble in Cincinnati, Ohio, where he learned about product development, market research, and marketing.He then took a job in strategic consulting at Bain & Company in Menlo Park, California.
The assistant is currently available to all TurboTax customers and select customers of Intuit's remaining products, with more features lined up for the 2023 tax season, the company said.
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