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In May 2023, the company began sending over 4 million customers their settlement checks, which ranged from $30 to $85 USD. [41] In January 2024, the FTC ordered Intuit to fix its misleading ads for "free" tax preparation software - for which most filers wouldn't even qualify.
Santa Barbara Tax Products Group processes tax refund-related financial products on behalf of University National Bank, [5] [6] servicing U.S. taxpayers through partnering tax professionals including Jackson Hewitt Tax Service, [7] and online tax preparation software providers including Turbo Tax.
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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