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Intuit, the maker of TurboTax tax filing software, will pay a $141 million multi-state settlement “for deceiving millions of low-income Americans into paying for tax services that should have ...
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 ...
Intuit Turbotax, a market leader in commercial tax software, argues that American families have always had free filing options. Taxpayers earning under $79,000 can file for free with the IRS's ...
Intuit "opposes IRS government tax preparation", particularly allowing taxpayers to file pre-filled returns for free, in a system similar to the established ReadyReturn service in California. The company also lobbied on bills in 2007 and 2011 that would have barred the Treasury Department, which includes the IRS, from initiating return-free filing.
In 2018, former Intuit executive Curtis Campbell was appointed as the President of the company. [12] TaxAct is a member of the Free File Alliance, a free federal tax preparation and electronic filing program for eligible individual taxpayers developed through a partnership between the IRS and a group of private sector tax software companies. [13]
The Federal Trade Commission (FTC) has taken legal action against Intuit Inc., the maker of TurboTax software, for deceptive advertising practices. They allege that Intuit's "free" tax filing claims are misleading, as they are not accessible to a significant number of taxpayers, including gig economy workers and those with farm income.
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