The FTC Is Investigating Intuit Over TurboTax Practices

The Federal Trade Commission has been investigating Intuit and its marketing of TurboTax products, following ProPublica’s reporting that the Silicon Valley company deceived tax filers into paying when they could have filed for free. The FTC probe, run out of the commission’s Bureau of Consumer Protection, centers on whether Intuit violated the law against unfair … Read more

Intuit Takeover of Credit Karma is Getting a Close Look by Justice Department

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Credit Karma is a site that I often suggest to consumers to obtain free credit report monitoring and credit report reviews, even if only for two credit bureaus. As long as users are aware that the motivation for Credit Karma to provide those free services is to market additional financial products, they can get the … Read more

TurboTax and Others Charged at Least 14 Million Americans for Tax Prep That Should Have Been Free, Audit Finds

More than 14 million taxpayers paid for tax prep software last year that they could have gotten for free, according to a scathing audit released Wednesday by the Treasury Inspector General for Tax Administration. That amounts to roughly a billion dollars in revenue for TurboTax maker Intuit, H&R Block and other tax software companies, according … Read more

Inside the 20-Year Fight to Stop Americans From Filing Their Taxes for Free

Last fall, Intuit’s longtime CEO Brad Smith embarked on a farewell tour of the company’s offices around the world. Smith had presided over 11 years of explosive growth, a period when Intuit had secured its place in the Silicon Valley pantheon, and the tour was like a long party. In Ontario, employees wore T-shirts with … Read more

Filing Taxes Could Be Free and Simple. But H&R Block and Intuit Are Still Lobbying Against It.

by Jessica Huseman ProPublica, March 20, 2017, 1:22 p.m. Here’s how preparing your taxes could work: You sit down, review a prefilled filing from the government. If it’s accurate, you sign it. If it’s not, you fix it or ignore it altogether and prepare your return yourself. It’s your choice. You might not have to … Read more

Lawmakers In House, Senate Investigating Fraudulent Returns Filed With TurboTax

(JeepersMedia) Joining the Federal Bureau of Investigation and the Internal Revenue Service on the case of bogus tax returns filed used Intuit’s TurboTax software will now be lawmakers from both the House and Senate, who have started probing the recent flurry of fraudulent activity. TurboTax temporarily put a hold on filing all state tax returns … Read more