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The Federal Trade Commission (FTC) issued a final order on Jan. 22, that Intuit, the maker of TurboTax, engaged in "deceptive advertising in violation of the FTC Act." It added that it "deceived...
A history of lobbying. TurboTax parent company Intuit has long fought against any IRS initiative to offer taxpayers a free tax filing option, as most other developed nations do, and called the IRS ...
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 1998 Internet Tax Freedom Act is a United States law authored by Representative Christopher Cox and Senator Ron Wyden that established national policy regarding federal and state taxation of the internet, based upon its unique characteristics as a mode of interstate and global commerce uniquely susceptible to multiple and discriminatory taxation.
U.S. regulators have barred TurboTax maker Intuit Inc. from advertising its services as “free” unless they are free for all customers, or if eligibility is clearly disclosed. In an opinion and ...
The Permanent Internet Tax Freedom Act was introduced into the United States House of Representatives on September 12, 2013 by Rep. Bob Goodlatte (R, VA-6). [2] The bill was referred to the United States House Committee on the Judiciary and the United States House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law.
Intuit's products include the tax preparation application TurboTax, the small business accounting program QuickBooks, the credit monitoring and personal accounting service Credit Karma, [2] and email marketing platform Mailchimp. [3] As of 2019, more than 95% of its revenues and earnings come from its activities within the United States. [4]
The maker of the popular TurboTax tax filing software said it would immediately appeal the decision. Intuit shares closed up 1.4% at $630.61 on Monday. US FTC bars TurboTax maker Intuit from ...