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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 Federal Trade Commission ruled in a final order and opinion Monday that TurboTax, the popular tax filing software, engaged in deceptive advertising and banned the company from advertising its ...
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, the owner of TurboTax, spent more than $11 million on federal lobbying between 2008 and 2012. 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 ...
The IRS Free File Program is a service that allows U.S. taxpayers to prepare and e-file their federal income tax returns for free. Through the program, commercial tax software companies that are part of the Free File Alliance offer free tax preparation software to tax filers with annual adjusted gross income (AGI) below $84,000 for Tax Year 2024.
For-profit tax preparation companies such as Intuit, the developer of TurboTax, have lobbied for at least 20 years to prevent the IRS from offering return-free filing, simpler returns, or its own free electronic filing portal. [8] [9] Between 2013 and 2020, Intuit and H&R Block have each spent at least $2 million annually on lobbying. [10] [11 ...